Expat remittances from the UAE reached nearly AED 40 billion during the last three months of 2018.
That's a 7.7 per cent drop compared to the same period in 2017.
According to the Central Bank, the bulk of the funds were sent to India, Pakistan, Philippines and the US.
More than 75 per cent of the amount was transferred through money exchange companies and the rest through banks.
World Bank cuts global growth forecast as trade tensions heighten uncertainty
The World Bank slashed its global growth forecast for 2025 by four-tenths of a percentage point to 2.3 per cent, saying that higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all economies.
Meraas unveils Jumeirah Residences Emirates Towers
Meraas, a member of Dubai Holding Real Estate, has announced the launch of Jumeirah Residences Emirates Towers, a bold new addition to Dubai’s iconic skyline.
US and China set for trade talks in London
Three of US President Donald Trump's top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world's two largest economies that has kept global markets on edge.
Formula 1 sponsorship revenue over $2bn in 2024
Formula 1 is hot on the tail of the big dog of professional sports marketing, the NFL, and cleared $2.04 billion in sponsorship revenue in 2024.
India's Modi says he's received invitation for G7 summit in Canada
India's Prime Minister Narendra Modi said he looked forward to meeting his Canadian counterpart Mark Carney during the Group of Seven summit, after the latter invited him to the gathering over a phone call on Friday.
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Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
Pinoy Expat Corner
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.
