UAE expat residents remitted Dh40 billion in Q4 2018

By Divi S.

ABU DHABI 12 March 2019: Expats remittances from the UAE amounted to Dh39.9 billion during Q4 2018, 7.7 percent down against the same period 2017, according to figures released by the Central Bank of the United Arab Emirates.

Dh9.5bn of the remittances were transferred through banks and Dh30.4bn through money exchange companies.

India took home the crown as the top-receiving country for earnings made by migrants, comprising 34.2 percent of total remittances during Q4.

They are followed by Pakistani beneficiaries, comprising 9.4 percent, then Filipinos, 7.2 percent in the third place, with US nationals making up 5.9 percent and Egyptians 5.5 percent.

Dubai Gazette