INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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: