Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

GCC countries lead the world in remittances

Over the past four years, GCC members have seen billions of dollars being remitted to other countries.
  • Member nations of the GCC have always had a healthy representation of immigrants in their workforce
  • As a result, these countries also see some of the largest amount of remittances sent out of them

Member nations of the Gulf Cooperation Council (GCC) have always had a healthy representation of immigrants in their workforce.

As a result, it is no surprise that these countries also see some of the largest amount of remittances sent out of them.

After all, a significant portion of such workers send money back to their families in the countries they come from.

Over the past four years, GCC members have seen billions of dollars being remitted to other countries.

It all depends on how many people from which countries work in these nations.

Here’s a look at which GCC countries have seen how much in terms of remittances sent out of them, and a major beneficiary: