Expats in the UAE sent home more than AED 80 billion during the first half of this year.
According to the Central Bank, around 40 per cent of this amount (AED 33 billion) was transferred through money exchange companies and the rest from banks.
India was the top receiving country, accounting for 37.2 per cent of the total remittances.
The other major beneficiaries were Pakistan (10.5 per cent), the Philippines (7.2 per cent) and Egypt (6.3 per cent).
Dubai Duty Free boss to retire after 41 years
After 55 years in the travel retail industry and 41 at the helm of Dubai Duty Free (DDF), Colm McLoughlin, Executive Vice Chairman & CEO has announced that he is stepping down from his role on May 31, 2024.
DXB on track to surpass 90 million passengers in 2024
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, says he expects passenger traffic at Dubai International Airport to exceed 90 million by the end of this year.
Apple unveils AI-focused chip in upgraded iPad Pro
Apple on Tuesday introduced a new chip called the M4 that it said would outclass personal computers designed for artificial intelligence - but put the new chip in an iPad Pro model rather than a laptop.
Jumeirah unveils new brand identity
Jumeirah has unveiled a new brand identity as part of its growth strategy to double the size of its portfolio by 2030.
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