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FinancialNews


  • 29-12-13

    Expats in Saudi remit USD59b in 2013

    (MENAFN) New statistics in Saudi Arabia show that USD162 million was remitted by citizens every day, coming at a total of USD59 billion this year, Arabian Business reported. The total remitted figure was higher than that registered last year despite the amnesty on illegal workers, through which over 1 million expatriates left the country. Remittances from expatriates this year increased 17 percent versus last year. Expatriates make up two-thirds of the kingdom's population of 28m.

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