Economic news

Mobile Transfers Save Money And Lives In Somalia

Thursday, 04 March 2010 12:01
Source: New York Times (Reuters) By Abdiaziz Hassan and David Clarke in Nairobi About a year ago, Muqtar Ali's brother was shot dead by gunmen in the busy Bakara market of Somalia's capital Mogadishu, and his $200 (132 pounds) in cash was stolen. Ali says that if a new mobile money transfer service unveiled by Somalia's biggest mobile telecoms firm last month had been in place then, his brother would still be alive.
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Overseas sent remittances of $7.811b during 2008-09: ICCI

Thursday, 04 March 2010 11:52

Source: The Daily Mail
By Asad Cheema

Overseas Pakistanis are the backbone of our economy as they are contributing significantly to the economic growth by sending in large amounts of remittances and government is taking all possible measures to resolve their problems on priority. This was said by Ms. Neelam Ali, Federal Secretary, Ministry of Overseas Pakistanis while addressing a seminar on “Migration and Wealth of Nation” which was organized by the Economic Freedom Network Pakistan in collaboration with Friedrich Naumann Foundation (FNF) and Islamabad Chamber of Commerce & Industry (ICCI).

Saudi remittances a major source of income for India

Wednesday, 03 March 2010 17:05

Source: The Economic Times

Saudi Arabia is a major source of income for India as a result of remittances from Indian expatriates, who form one of the largest foreign community in the Kingdom of 25 million people, a report said on Sunday.

Indians form Saudi Arabia's largest expatriate workforce, working in fields from information technology to construction, with most employed as blue-collar workers, the Banque Saudi Fransi report said.

Bangladesh Taka, India Rupee Appreciate Marginally Against U.S. Dollar

Wednesday, 03 March 2010 10:05

Source: All Headline News
By Siddique Islam

Bangladesh Taka (BDT) and Indian Rupee appreciated marginally against the U.S. dollar in the last two weeks as the inflow of the foreign currency increased in the markets, treasury officials said on Sunday.

The BDT appreciated by 0.19 percent against the U.S. currency during the period while the Indian Rupee gained by 0.77 percent against the greenback, they added.

RemittancesGateway.org

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