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 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 06:15 2018 Tuesday ,23 January
Volkswagen clinches record sales
GMT 10:18 2018 Thursday ,30 August
Iran incapable of closing Hormuz, Bab Al Mandeb
GMT 04:07 2017 Monday ,27 February
UN-sponsored Syria talks resume in Geneva after 10 months
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 09:25 2015 Monday ,13 April
Juve coach Massimiliano
GMT 04:26 2017 Monday ,20 March
Lebanese diva Nicole Saba accuses Turkish singer of plagiarism
GMT 05:04 2024 Tuesday ,06 February
Skincare PR Performance Full Year 2017
GMT 14:31 2017 Thursday ,09 March
Chinese survey ships entering Philippine territory: Manila
GMT 11:41 2018 Tuesday ,23 January
UK regulator says Fox's Sky takeover 'not in public interest'
GMT 05:21 2016 Friday ,30 September
Chinese shares open lower Friday
GMT 07:59 2017 Tuesday ,01 August
Tesla delivers first Model 3 cars
GMT 06:47 2017 Monday ,18 December
S.Africa's ANC reverses decision and starts leadership voteGMT 10:46 2012 Monday ,06 February
Nasa reveals second stunning hi-def \'Blue Marble\'
GMT 15:35 2016 Wednesday ,06 January
Austrian skier Hirscher wins World Cup slalom
GMT 22:18 2017 Wednesday ,22 February
Messi happy at Barcelona - Argentina coach
GMT 04:58 2013 Wednesday ,27 February
Egypt's illiteracy problem - causes and solutions
GMT 17:13 2017 Saturday ,16 September
Delegation of Abu Dhabi churches hails Judicial Department's efforts
GMT 08:44 2018 Wednesday ,24 January
World powers step up pressure on Syria, Russia
GMT 10:09 2018 Friday ,19 January
Amazonians want pope to come to their defense
GMT 10:51 2018 Wednesday ,17 January
Airbus warns A380 programme at risk
GMT 16:30 2018 Tuesday ,16 January
First women-only car showroom opens
GMT 13:51 2017 Wednesday ,13 September
Cancel Iran nuclear deal, Netanyahu says in Argentina
GMT 00:40 2017 Monday ,31 July
Ajman Ruler congratulates Moroccan King
GMT 12:25 2018 Monday ,08 January
Greek court temporarily freezes asylum to Turkish soldier
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