The UAE Exchange has announced a 6% increase in remittance transactions for the year 2013, reflecting growing financial flows from overseas workers.
According to Gulf Business, the UAE Exchange reported a 6% rise in remittance volumes for the year 2013 compared to the previous year. This increase underscores the steady growth in financial transfers sent by overseas workers, including many from countries such as the Philippines, India, Indonesia, and Nepal. Remittances play a vital role in supporting families and economic development in the workers’ home countries. While the detailed figures and contributing factors behind this growth have not been elaborated in the report, the trend is seen as positive for migrant labor communities and their families abroad and back home. Official statements from UAE Exchange confirm this growth; however, no specific data on remittance flows to Greece or Greek residents was mentioned. This development highlights the significance of overseas workers’ contributions to global economic dynamics, especially pertinent to migration and labor market studies.
Sources referenced:
- https://news.google.com/rss/articles/CBMie0FVX3lxTE1IdEF6MkZQdmhsOEFjOEh0UVZyMnpoMGlrUUZFcm1BdDdQS0szVF9yNmdFaGJCN3A0Wnc2eGM4bkN5Z3pjNU95alVEOTlaMWdqT0MwdVY2T2pvTXpvVUNqRktvSmVZSUN3Z0JicGVCMVdrNDhUWHVmTWE1aw?oc=5