Indians, Pakistanis and Filipinos on top
Expatriates from India, Pakistan and the Philippines are the biggest money senders in the UAE, remitting a total of $20.2 billion (Dh74 billion) in 2014, according to a new report. Among the three expatriate groups, Indians took the lead in remittances by transferring $12.6 billion worth of funds to their home country last year.
A report released by Kuwait Financial Centre Markaz also showed that expatriates from Pakistan are the second biggest remitters, sending a total of $4.1 billion in the same period. Expatriates from the Philippines took the third spot, with $3.4 billion in remittances. The rest of the major expatriate communities in Dubai, including the Bangladeshis, which occupied the fourth spot, Egyptians (fifth), Indonesians (sixth), Sri Lankans (seventh) and Yemenis (eighth) logged a little over $6.3 billion in remittances last year.
Overall, remittances by the eight expatriate groups reached more than $26.6 billion in 2014, which is 91 per cent of the $29 billion total fund outflows from the UAE.
A look at the total remittance transactions in the UAE and other countries, where a large diaspora population can also be found, including Saudi Arabia, Kuwait, Qatar, Oman and Bahrain would show that Indians are still the biggest money senders.
Indians based in the GCC countries, United States and United Kingdom remitted $51.7 billion last year, followed by Filipinos in the second place ($19 billion), Egyptians ($15.4 billion), Pakistanis ($12.7 billion), Bangladeshis ($9.4 billion), Indonesians ($4.7 billion), Sri Lankans ($4.3 billion) and Yemenis ($3.2 billion).
Source : Gulf News
NEWS – EXPATS IN KUWAIT
- Events in Kuwait
- Court jails Kuwaiti to 7 yrs in maid’s rape
- Plan to replace all expats
- Dual health insurance
- Doctors and graduates among 22,000 expatriates deported
- MOE warns teachers in Kuwait
- Private schools allowed to increase fees
- Warnings issued for singles in Kuwait
- Not any more jobs for Expats , Kuwait Municipality
- Only ‘six’ agencies named to hire Indian housemaids and should not exceed 400 KD
- Renewing the residence permit of unqualified ‘bachelors’ based on work
Comments (2)
Filed in: All
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
Medical fees for expats should not be rise in Kuwait.
So Indians are the biggest senders of remittances in the known countries! How this shall be controlled?