Oil Price

تأثير انخفاض أسعار النفط على صناعة التحويلات المالية السعودية

The expats in the GCC region collectively remitted USD 105bn in 2015, increasing at a CAGR of 15% from USD 53bn at the end of 2010. Saudi, UAE and Kuwait have accounted for more than 80% of the outflow during 2010-2015.  Saudi Arabia, with leading outward remittance among the GCC, countries is also consistently ranked second globally after the USA. The robust oil prices and vibrant economic activity in Saudi Arabia led to a surge in urban development, which in...