According to the latest GCC-Stat data, the total labour force in GCC countries reached 31.8 million, representing 54.2 per cent of the total population
The Central Bank of UAE (CBUAE) has given the green light to the Foreign Exchange and Remittance Group (FERG) to allow their members to implement an optional strategic fee adjustment
Remittances to the developing countries of the MENA region are estimated to have grown 2.5 per cent in 2022 to $63bn, compared to a 10.5 per cent growth last year
The value of the trade exchange between Egypt and the UAE increased to about $1.2bn during the first quarter of 2022, an increase of 1.4 per cent over the same period in 2021
The US has long been the top source for outflows, with other major countries including the United Arab Emirates, Saudi Arabia, Switzerland, Germany and Russia