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
• Summer Art Camp , Kuwait
• First International Day of Yoga , Kuwait
• 642 Marathon , Kuwait
• Why because of few
• Bachelors in Kuwait will be deported if they return after eviction
• 10 Arab women arrested in Kuwait
• Suicide Rate in Kuwait
• Stadium of 64000 People Capacity in Kuwait
• Indians, Pakistanis and Filipinos on top
• Mango Festival in Avenues @The_Avenues , Kuwait

• <<
• 1
...
• 282
• 283
• 284
• 285
• 286
• 287
• 288
• 289
• 290
• 291
• 292
...
• 400
• >>

---

 

 

Filed in: All
Tagged with: about • about kuwait • alert • banks • bloggers • breaking news • date • events • events in kuwait • events kuwait • expat • expats • expats in kuwait • expats kuwait • festivals • filipinos in kuwait • indians in kuwait • kud • kuwait • kuwait bloggers • kuwait events • kuwait expats • kuwait festivals • kuwait news • kuwait social media • kuwait uptdate • kuwait upto date • kuwaitup 2date • kuwaitup2date • kuwaituptodate • money • money remittances • news • news kuwait • pakistanis in kuwait • q8up2date • social media • things to do in kuwait • to • top • up • up2date • uptodate • weekend • weekend events • weekend events in Kuwait • what to do in kuwait