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.
UAE advances agentic AI project targeting 50% of government operations
The UAE has launched the strategic phase of its agentic AI project, which aims to convert 50 per cent of federal government operations, services and tasks to AI-driven models within two years.
Dubai Business Forum – China to be held in Shenzhen in October
Dubai Chambers will host the Dubai Business Forum – China in Shenzhen on October 14, bringing together government officials, business leaders and investors from the two markets.
UAE-BRICS non-oil trade tops $312 billion
UAE Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi has taken part in a meeting of BRICS trade ministers in Jaipur, India, focused on strengthening trade and economic cooperation between member countries.
ADNOC affirms commitment to meeting customer requirements despite challenges
ADNOC says it remains focused on meeting customer needs despite challenging circumstances, following unprovoked attacks targeting its people and assets.
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