E-payment system for all Saudi retailers comes into force

Expatriate remittance jumps 5.9% to SR12.5 billion in May

Personal remittances of expatriates in Saudi Arabia jumped 5.93 percent or SR701 million ($187 million), reaching about SR12.53 billion ($3.34 billion) in May 2021, compared to SR11.83 billion ($3.15 billion) in May 2020, according to the monthly bulletin issued by the Saudi Central Bank. On a monthly basis, remittances of expatriates fell by 6 percent...

Continue reading