Cash transferred from the GCC accounts for one-fifth of
remittances to developing countries
GCC expats ‘sent home $80 billion’
MANAMA, November 26, 2015
Foreigners working in the GCC sent home $80 billion last year alone, according to a labour expert. Cash transferred from the GCC accounted for one-fifth of remittances to developing countries, said International Organisation for Migration (IOM) labour mobility and human development division head Laurent DeBoeck in a report in the Gulf Daily News (GDN), our sister publication.
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