Remittances to Mena region fall 8 per cent

29 September 2010

Total value is expected to grow by 3.6 per cent next year

The World Bank has said that despite an 8 per cent decline in remittance flows to the Middle East and North Africa region to $32bn (AED117.44bn) last year, from $34.8bn in 2008, figures are expected to bounce back 3.6 per cent to $33.1bn this year, Emirates Business has reported. Remittances to the region are projected to increase a further 4 per cent next year to $34.4bn, according to the World Bank.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications