INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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: