Remittance inflows rise to $8 billion. Saudi Arabia remains the top source at 20 percent of the total. USA ranks second

Remittance inflows are estimated to have risen 4.6 percent in 2017 to $7.95 billion, according to the World Bank's Migration and Development Brief released in April.

Remittances account for 15 percent of GDP, the second highest ratio among major remittance receiving countries in the Middle East and North Africa (MENA) region.

The increase in remittance inflows represents an improvement from the 1.7 percent growth recorded in 2016.

Economist Samir Nasr, Chairman of ECE Capit...

Article details