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UAE leads GCC remittance sector growth

Posted on 03 June 2009

From Gulfnews.com: Foreign workers in the United Arab Emirates transfer more than $10 billion (Dh36.75billion) per annum to their home markets making UAE the second highest performer in the GCC in fund remittance, according to Money Transfer International (MTI), the global trade association.

MTI predicts that the GCC has the potential to drive growth in the remittance sector even though the global economy is in slow down…….Full Article: Source

 
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