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Friday, December 4 - 2009

UAE remittances to Philippines surge 10.5%

  • United Arab Emirates: Thursday, July 17 - 2008 at 08:09

The UAE led Saudi Arabia and Kuwait in the growth of remittances sent by Filipino workers in the Middle East through the banking system for the first five months of the year, reported Khaleej Times. Remittances by the 450,000 overseas Filipino workers in the UAE grew 10.5% to Dhs928.9m ($252.9m) for the five-month period from Dhs840.41 a year earlier, based on a report by the Bangko Sentral ng Pilipinas. Saudi Arabia remains the biggest source of remittances in the Middle East while money sent from Kuwait dropped year-on-year from January to May.

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