GCC tops global remittance outflows at $161bn

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RIYADH: Gulf Cooperation Council countries recorded the highest value of outward workers’ remittances globally in 2025, with transfers reaching about $161 billion, official data showed. The figure rose 13.6 percent from 2024, marking a second consecutive year of growth after remittance outflows declined in 2023, according to GCC-Stat data cited by the UAE’s state news agency, WAM. The GCC’s remittance flows have…