Worker remittances in Kingdom rise 14.5% till May
Worker remittances arriving in the Kingdom increased by 14.5% during the first five months of this year, reaching $2.06 billion. Meanwhile, outbound remittances grew by 15%, amounting to $806.7 million. The United Arab Emirates ranked first, accounting for 21.9% of total incoming remittances, followed by the United States at 19.9%, and Saudi Arabia at 17.9%. The majority of outbound remittances were primarily sent to Egypt, representing 41.1%, followed by Bangladesh at 11.8%, with notable activity in financial flows between Arab and Islamic countries.
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