the value of foreign remittances from foreign workers in the UAE reached 79.6 billion dirhams during the first half of 2020.
According to the Emirates News Agency, UAE Central Bank statistics showed that the value of transfers recorded during the period from January to the end of June of this year constitutes about 48.2% of the total value Transfers implemented throughout the year 2019 amounting to 165 billion dirhams.
and many specialized international institutions rank the UAE among the top five in the world in a set of competitiveness indicators related to the attractiveness of the work environment and ease of employment.
In detail, the value of remittances of foreign workers outside the country was distributed by 41.4 billion dirhams during the first quarter of 2020 and about 38.2 billion dirhams in the second quarter of the same year.
According to central bank statistics, the list of the five largest recipients of personal transfers directed abroad during the first half of this year included India, the Philippines, Egypt, Pakistan, Bangladesh and the United States. / p>
and money transfers through exchange houses operating in the country account for about 76% of the total transfers executed during the first half of the current year, while the rest of the percentage is transferred through Banks.
