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.

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