Wisdom of Life

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Foreign remittances see 35 percent drop
Photo: Arab News/Reuters

Arab News JEDDAH: The remittances sent by foreigners to their families fell by 35 percent or SR5.5 billion during July, down from SR15.8 billion in June to SR10.3 billion in July. July marked the lowest volume of remittances in 41 months since February 2013. According to data released by the Saudi Arabian Monetary Agency (SAMA), foreign remittances this July fell 19 percent compared to July of 2015, the equivalent of SR2.4 billion. As for transfers

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Report of IFAD on “Global Forum on Remittances and Development 2015” (GFRD) in Italy
Fusce sed nulla Fusce sed nulla mauris

Official Report of IFAD on "Global Forum on Remittances and Development 2015" (GFRD) in Milan, Italy. News and pictures of BASUG Side Event on GFRD can be seen on Page 58 of the Report. To read the full report, please click here GFRD 2015 -Final REPORTby IFAD

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Record 65.3 million people displaced, often face barriers – UNHCR
Photo: Abdul Hai/OV

GENEVA | BY STEPHANIE NEBEHAY l Reuters A record 65.3 million people were uprooted worldwide last year, many of them fleeing wars only to face walls, tougher laws and xenophobia as they reach borders, the United Nations refugee agency said on Monday. The figure, which jumped from 59.5 million in 2014 and by 50 percent in five years, means that 1 in every 113 people on the planet is now a refugee, asylum-seeker or internally displaced in a home country.

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