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.
ADNOC's XRG advances global gas strategy with Venezuela entry
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Iger, Kushner purchasing Lakers for record $12.5 billion
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
Chair of India's Tata to step down after tension with controlling charity
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Emirates offers flyers to Dubai unlimited free date changes
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
US court rules Meta, other tech firms must face thousands of social media addiction lawsuits
A US appeals court has allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet's Google, ByteDance's TikTok and Snap Inc's Snapchat on Monday over claims they designed their products to be addictive to young users.
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Pinoy Expat Corner
What are the rules and laws in the UAE regarding car modifications that every car owner should know?
Pinoy Expat Corner
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Pinoy Expat Corner
What inspired them to choose running as their form of exercise despite their busy work schedules as OFWs?
