By: Eman Ghaly
Mubasher: Remittances from expatriate workers in Kuwait increased by 3.9% year-on-year in 2018, according to a poll conducted by Mubasher.
Remittances from foreign workers in the oil-rich country reached KWD 4.3 billion ($14.2 billion) last year, versus KWD 4.1 billion ($13.5 billion) in 2017.
The second quarter of 2018 has witnessed the highest value of remittances in Kuwait worth KWD 1.19 billion, while the lowest remittances were made in Q1-18 at a value of KWD 1.03 billion.
It is worth noting that transfers from foreign workers in the GCC state rose last year despite the government’s imposition of fees on expatriate remittances.
Translated by: Mai Ezz El-Din
