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
- Maids exempted in all demographic quotas
- No work permit, transfer or renewal of residence for 60 yrs of age and above
- New residency rules for expat employees aged 60 and above
- Tailoring shops and workshops – Fourth phase precautionary measures
- Public transport – Fourth phase precautionary measures
- Restaurants and cafes – Fourth phase precautionary measures
- Partial distribution of Civil IDs
- No work permit for 60 yrs and above without graduation degree
- Expat forged 60 visas of domestic workers for KD 20,000
- Guidelines for salons and barber shops
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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?