Expats in the UAE sent home more than AED 80 billion during the first half of this year.
According to the Central Bank, around 40 per cent of this amount (AED 33 billion) was transferred through money exchange companies and the rest from banks.
India was the top receiving country, accounting for 37.2 per cent of the total remittances.
The other major beneficiaries were Pakistan (10.5 per cent), the Philippines (7.2 per cent) and Egypt (6.3 per cent).
IMF praises UAE economy's resilience, proactive readiness
An International Monetary Fund (IMF) team has concluded a ten-day visit to the UAE, holding talks with officials on the country's economic performance, financial outlook and policy priorities.
Apple unseats Nvidia to become world's most valuable company
Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence.
Indian court orders Maruti to replace car in first E20 fuel damage ruling
In a ruling that could expose automakers to greater liability over India's ethanol-blended fuel policy, a consumer court has ordered Maruti Suzuki to provide a new car to a customer who alleged mandatory E20 fuel damaged his vehicle.
Irish airline Aer Lingus plans 500 job cuts as fuel prices soar
Irish airline Aer Lingus could cut up to 500 jobs as part of a reorganisation, it said, citing high costs and a challenging economic environment as the sector grapples with surging oil prices due mainly to the US-Iran war.
Parkin expands into Sharjah's Aljada with partnership with Arada
Starting today, Parkin has expanded its smart paid parking services to Sharjah's Aljada following a five-year partnership with developer Arada.
The UAE Public Prosecution has expanded its investigation into the publication of the false report claiming explosions were heard in central Dubai.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has led messages on social media to mark Union Pledge Day, "renewing commitment to the principles of unity established by the late Sheikh Zayed and his brothers".
After Dubai Media Office confirmed that a Reuters report about explosions in Downtown area is false, the news agency issued a statement admitting it "regrets" publishing the story as it "did not meet its standards".
