GCC region has world’s largest remittance market

NULL

UAE residents have sent over AED 107 billion to different countries. That’s according to a World Bank Report, which highlights the GCC as the world’s largest outward remittance market. The top destinations that UAE residents send money to include India, Pakistan, Egypt and The Philippines. Other countries with high remittances include Saudi Arabia, which had a total of over AED 163 billion and Kuwait, which had a total of over AED 43 billion.

More from Local

Coming Up on Dubai Eye

  • The Reboot

    10:00am - Noon

  • The Best of Dubai Eye 103.8

    Noon - 7:00pm

    Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!