Expats in the UAE sent home around USD1.36bn (AED5bn) in the last week of Ramadan, Al Ansari Exchange estimated. Remittances during Eid Al-Fitr rose by 20% from the same time last year according to Mohammed Ali Al Ansari, executive director of Al Ansari, one of the largest exchange houses in the UAE. He said that this year’s Eid Al-Fitr had seen a “huge growth” in remittances, in particular to Arab and Asian countries. The daily average sent home by expats over the past week was three times the usual daily average registered at other times in the year, he added. (Arabian Business)
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