Expat remittances in UAE hit AED37.1 billion
Money outflows from the UAE remain on a positive growth track
Abu Dhabi - WAM
Money outflows from the UAE remain on a positive growth track with total remittances hitting AED 37.1 billion in the Q1 2017, a growth of 1.1 percent from the same period last year, UAE Central Bank stated on Sunday.
Indian expats top the list sending a total cash of AED 12.95 billion, accounting for 34.9 percent of total remittances, followed by Pakistani nationals accounting for 9.4 percent, then Filipinos at 7.3 percent during the first three months of the year.
Americans account for 5.4 percent, followed by Egyptians at 4.95 percent and Britons at 4.4 percent.
Up to 75 percent of total remittances, amounting to AED 27.8 billion, were conducted through money exchange companies during the first quarter of the year, a growth of 2.7 percent from the same period last year, while 25 percent thereof was done through banks.
The Central Bank attributed the hike in remittances to 2.2 percent in the average value of UAE Dirham against other currencies comparatively with the same period last year.
Source: WAM
GMT 19:29 2018 Monday ,15 January
Central Bank issues commemorative coin for Dh189GMT 18:36 2017 Wednesday ,29 November
Islamic banking assets surge 6 percent to AED535 billionGMT 12:46 2017 Tuesday ,28 November
Ministry of Finance announces VP's signing of VATGMT 13:38 2017 Monday ,27 November
ADX holds second annual forum for listed companies this yearGMT 09:51 2017 Sunday ,26 November
RAKBANK introduces new savings deposit account
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:16 2016 Wednesday ,23 March
cartoon five
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 14:01 2018 Thursday ,30 August
Expat with rare heart disorder gets life-saving surgery
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 19:19 2018 Sunday ,07 January
Has the good fortune for ETFs run its course?
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot waitGMT 10:35 2011 Thursday ,06 October
3 Syrian Army and Police martyrs laid to rest
GMT 07:08 2014 Friday ,04 April
Kia gives rendering of all-new Carnival minivan ahead of New York unveiling
GMT 20:32 2014 Tuesday ,16 December
Egypt criticise attack on Pakistan army schoolGMT 16:31 2013 Wednesday ,23 January
UN chief presses for ‘binding’ climate change deal by 2015
GMT 06:53 2017 Friday ,17 February
Tunisia announces visa exemption for Chinese tourists
GMT 08:23 2017 Wednesday ,01 November
Saudi Arabia to allow women spectators in stadiums
GMT 12:57 2017 Saturday ,28 October
Libyan army deploys additional forces in Oil Crescent
GMT 12:24 2014 Monday ,03 November
Hlavackova, Hradecka team up again after splitGMT 15:58 2013 Sunday ,03 March
Xinhua launches new media newswire serviceGMT 08:33 2012 Wednesday ,07 March
GCC swimming championship begins today
GMT 13:39 2011 Tuesday ,16 August
Banking groups urged to boost FX liquidity in South Korea\'s
GMT 06:51 2015 Tuesday ,10 March
Apple's next big thing aims for wrists
GMT 04:44 2015 Friday ,24 April
Saudi king meets Pakistani PM
GMT 14:42 2014 Sunday ,04 May
Dubai’s cityscape at JBR’s The Beach fascinates visitorsGMT 12:34 2011 Tuesday ,23 August
Bahrain sacks 2,500 state workersGMT 10:13 2011 Friday ,26 August
S. Korea hoping to reach podium in women\'s marathon
GMT 10:22 2013 Wednesday ,02 October
Police shuts down Jerusalem’s al-Quds University officeGMT 06:38 2011 Tuesday ,12 July
Wall Street records worst day in a month
GMT 01:17 2017 Thursday ,05 October
'I'm going to die': fear grips Vegas strip
GMT 02:03 2017 Wednesday ,12 July
Tillerson bats for Qatar monitoring mechanism
GMT 07:43 2017 Monday ,10 July
Austria bars Turkish economy minister over rally plans
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor