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Saudi Arabia: Sharp fall in remittances

Workers remittances from Saudi Arabia fell to their lowest level in at least four years in September, according to data released on 29 October by the Saudi Arabian Monetary Authority (Sama – central bank). Transfers by non-Saudis amounted to SR8.55bn ($2.3bn) in September, down 21% on the same month last year and down SR4bn, or 32%, on the figure for August 2017.

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African Energy Gulf States Newsletter