Remittances from UAE expats reach AED 165 billion

WAM

Expats in the UAE sent home around AED 165 billion last year.

According to figures from the Central Bank, remittances during the fourth quarter of 2019 saw an increase of 1.8 per cent year-on-year.

More than 15 per cent of the amount was transferred through banks and the rest via money exchange companies.

India was the top receiving country, followed by Pakistan, the Philippines and Egypt.

More from Business

Coming Up on Dubai Eye

  • Dubai Eye on One

    7:00am - 11:00am

    Keeping you updated, this is The Business Breakfast, setting your agenda for the day. You're listening to Dubai Eye, live on Dubai One

  • The Music Mix

    11:00am - 2:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

On Dubai Eye

Business Breakfast