Expats in the UAE sent home around AED 165 billion last year.
According to figures from the Central Bank, remittances during the fourth quarter of 2019 saw an increase of 1.8 per cent year-on-year.
More than 15 per cent of the amount was transferred through banks and the rest via money exchange companies.
India was the top receiving country, followed by Pakistan, the Philippines and Egypt.
Maktoum bin Mohammed, Brookfield discuss investment expansion
Dubai’s First Deputy Ruler, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, has held talks with the chief executive of global investment firm Brookfield Corporation on strengthening cooperation and attracting further investment to the emirate.
Tesla's supervised self-driving software gets Dutch okay, first in Europe
Dutch regulators approved the use of Tesla's TSLA.O self-driving software with required human supervision on highways and city streets in a European first for the electric car maker, which hopes to see similar action from the rest of the European Union.
Lufthansa flights disrupted as cabin crew stage strike
Lufthansa flights were significantly disrupted on Friday as cabin crew union UFO staged a one-day strike, the airline's third work stoppage in two months, impacting operations at its Frankfurt and Munich hubs.
Dubai real estate sector powers ahead with strong Q1 figures
Dubai’s real estate sector has posted a strong start to 2026, with total transactions reaching AED 252 billion in the first quarter — a 31 per cent increase in value compared to the same period last year.
DIEZ unveils flexible economic measures to support businesses
The Dubai Integrated Economic Zones Authority (DIEZ) has introduced a package of flexible economic measures to support businesses operating across its zones.
Sheikh Abdullah Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has strongly condemned the terrorist plots that sought to undermine security, incite chaos, and carry out acts of sabotage in Kuwait.
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has discussed the implications of Iran's attacks on the UAE and its neighbouring countries with Dr. Subrahmanyam Jaishankar, India's Minister of External Affairs, in a meeting in the UAE on Saturday.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, is set to begin an official visit to China on Sunday, as the UAE and China look to deepen ties and expand cooperation.
