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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

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: