Expats in the UAE sent more than AED 38.4 billion back home during the first three months of this year.
According to figures released by the country's Central Bank, India was the top-receiving country making up over 35 per cent of the total remittances during the first quarter.
Beneficiaries in Pakistan, the Philippines and Egypt came next.
A total of AED 25 billion was transferred through money exchange companies and the rest through banks operating in the country.
OPEC+ agrees another accelerated oil output hike for June
Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike for June of 411,000 barrels per day, two sources told Reuters while an online meeting of the countries was under way.
UAE and Greece in talks to enhance partnership
The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr. Sultan bin Ahmed Al Jaber, visited Greece as the two countries enhance their comprehensive partnership.
TECOM Group sees solid start to 2025
TECOM Group has kicked off 2025 with strong results, reporting a 21 per cent jump in revenue to AED 680 million for the first quarter.
Emirates chairman discusses collaboration with PayPal leadership team
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, held talks with President of Global Markets at PayPal, Suzan Kereere, to collaborate within the dynamic digital payments landscape.
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