Browse related articlesGlobal remittance hits $318bn
Middle East: Monday, March 31 - 2008 at 09:17
The World Bank said global remittances hiked 7% in 2007 to reach $318bn, cited Gulf News. Top recipient countries include India with $27bn, China at $25.7bn, Mexico by $25bn, the Philippines with $17bn, and France at $12.5bn. The main source of remittances are led by the US with $42bn in recorded outward flows in 2006 while Saudi Arabia ranks as the second largest with $15.6bn.
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Medilyn Manibo, Assistant News EditorMonday, March 31 - 2008 at 09:17 UAE local time (GMT+4)
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