Expat remittances from the UAE reached nearly AED 40 billion during the last three months of 2018.
That's a 7.7 per cent drop compared to the same period in 2017.
According to the Central Bank, the bulk of the funds were sent to India, Pakistan, Philippines and the US.
More than 75 per cent of the amount was transferred through money exchange companies and the rest through banks.
Middle East Energy 2026 opens in Dubai
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Shein shares slide in Hong Kong debut on worries about trade, regulatory risks
Shares in online fast-fashion retailer Shein have fell 8 per cent in their first day of Hong Kong trade on Tuesday, with investors worried about the impact of setbacks that long delayed its listing and have undermined its competitive advantages.
DWTC gears up for packed calendar of events and exhibitions
Dubai World Trade Centre (DWTC) is gearing up for a busy September, with 14 major exhibitions and conferences taking place across DWTC and Dubai Exhibition Centre.
UAE, Egypt continue cooperation on Banque Misr branches
The Central Bank of the United Arab Emirates and the Central Bank of Egypt affirmed their full and continuous cooperation and coordination regarding the normal operation of Banque Misr branches in the United Arab Emirates.
