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FINANCIAL NEWS
Middle East payments reach USD 120bn
25 Apr 2016
(MENAFN) Middle East remittances reached USD 120bn in 2015, which was conducted by Xpress Money study among the Middle East increasing rapidly as well.
Moreover, Xpress Money research involves that not only are Arabs sending money more frequently, but the values tend to also be bigger.
On the other hand, the USD 120bn outward remittance figure for the region includes destinations the world over, involving prolific receivers in South Asia.
“The GCC is considered a vibrant job market and destination for Middle Eastern expatriate Arabs,” said Xpress Money’s COO.
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