Search Site

Trends banner

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

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: