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
- After 8th November, due to following violations, cars will impound for 60 days
- Scores arrested in nationwide raids
- Jail and deportation for expats in forging
- 3 men, woman caught in parking area
- Govt working on plan to deal with rise in commodity prices
- Expat arrested who obtained the Kuwaiti Citizenship by fraud, the Kuwaiti who was died and buried in desert
- Reduce the bonuses of both Kuwaitis and expatriate by 50 percent
- Money Laundering network busted
- Arrested for spreading rumors – WARNINGS
- Cars not observing “lane rules” will be seized
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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?