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).
Emirates takes delivery of its first A350
Emirates is marking a major milestone today with the delivery of its first Airbus A350 aircraft.
Morgan Stanley to move regional HQ to Riyadh
US-based investment bank Morgan Stanley has acquired regulatory approval to move its regional headquarters to Riyadh as the Kingdom increasingly attracts global companies.
AD first in MENA to implement 'Enhanced Transparency Framework'
The Environment Agency – Abu Dhabi, (EAD) has announced that Abu Dhabi will be the first in the Middle East and North Africa (MENA) region to implement the Enhanced Transparency Framework (ETF) on a subnational level, following last year’s national level launch by the Ministry of Climate Change and Environment (MOCCAE).
COP29 unlocks international carbon markets
The COP29 Presidency announced on Saturday the end of the decade-long wait for the conclusion of negotiations on high integrity carbon markets under Article 6 of the Paris Agreement.
Adani CFO says US charges linked to only one business contract
A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy that makes up some 10 per cent of its business, and no other firms in the conglomerate are accused of wrongdoing, the group's CFO said on Saturday.
The National Center of Meteorology (NCM) warned of potential dust storms and rainfall from Wednesday through Friday.
The world's largest mosaic art installation, the 'Zayed and Rashid Mural', has been unveiled in Hatta.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, will begin an official visit to Bahrain on Tuesday.
