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Expat remittances from the UAE exceed $21bn in first half of 2020

Arabian Business, India, 3 October 2020 - India retains position as top receiving country from expats in the UAE, ahead of the Philippines, Pakistan and Bangladesh

Expat remittances from the UAE amounted to AED79.6 billion ($21.6 billion) in the first half of 2020 with India the top receiving country, according to new figures.

Data from the Central Bank of the United Arab Emirates showed that H1 remittances accounted for 48.2 percent of the total money transferred by foreign residents in the country during 2019, which totalled AED165 billion.

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Source: https://www.arabianbusiness.com/banking-finance/452438-expat-remittances-from-the-uae-exceed-21bn-in-first-half-of-2020

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