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Sterling's three-year high weakens the remitting power of British expatriates

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British expatriates in the UAE who regularly send money home have been feeling the squeeze as an empowered pound has risen against a diminished US dollar.
With Brexit uncertainty being supplanted by an economy plotting a positive course beyond Europe and the Covid-19 pandemic, the dollar-pegged UAE dirham has been buying noticeably less sterling in recent months.
And that could impact savings, purchasing power or render UK-domiciled bills more burdensome for some Britons in the UAE.
In early trading on Tuesday, sterling rose 0.2 per cent to $1.4240 after briefly hitting $1.4248 against the greenback – its highest level in three years and marking a second straight monthly gain of 2.8 per cent in May, according to Reuters. ....

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UAE's remittance flows need more digital ways to overturn pandemic hit

UAE's remittance flows need more digital ways to overturn pandemic hit
gulfnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfnews.com Daily Mail and Mail on Sunday newspapers.

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With UAE economy recovering, expats could send more money home

With UAE economy recovering, expats could send more money home
Waheed Abbas/Dubai
Filed on March 13, 2021 | Last updated on March 19, 2021 at 02.04 pm
A revival in the UAE s economic activity will be a huge boost to the remittance business.
(File photo)
Economic recovery to aid rebound; lingering pandemic effects to hit global activity
Remittances from the UAE are expected to improve this year compared to 2020 as the economy recovers, but the global outlook is not rosy due to lingering effects of the pandemic.
Also read:
Following a 10-15 per cent drop in 2020, foreign exchange industry executives in the UAE are confident of a recovery in remittances despite some uncertainties surrounding the sector. ....

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Remittances from UAE likely to rise in 2021 as economy steps up

Remittances from UAE likely to rise as economy steps up
Waheed Abbas
© Provided by Khaleej Times
Remittances from UAE likely to rise as economy steps up
Remittances from the UAE are expected to improve this year compared to 2020 as the economy recovers, but the global outlook is not rosy due to lingering effects of the pandemic.
Following a 10-15 per cent drop in 2020, foreign exchange industry executives in the UAE are confident of a recovery in remittances despite some uncertainties surrounding the sector.
Globally, remittances are likely to drop a further seven per cent in 2021 as recessions in host countries have made it difficult for migrants to send money home owing to the pandemic s lingering effects on the global economy, the Economist Intelligence Unit (EIU) says. ....

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FERG reports growth in remittances by women in the UAE

FERG reports growth in remittances by women in the UAE
ABU DHABI, 25 days
ago
Highlighting the growing participation of women in the global economy, the UAE’s Foreign Exchange and Remittance Group (FERG) has revealed that there was an increase in remittances by women in the UAE in 2020.

According to data collected by FERG from its member exchange and remittance companies, on average women represented 25% of remitters in the UAE in 2020. The data also revealed that remittances by Asian women in the UAE saw the most significant year-on-year growth, followed by Arab and African women, respectively. The top corridors with the highest remittances done by women in the UAE are the Philippines, India, Pakistan, Nepal, Sri Lanka, Indonesia, Egypt, Morocco and Uganda. ....

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