Kuwait's remittances up 3.9% as Gulf nation mulls new expat levy

Pedro Gonçalves
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Kuwait's remittances up 3.9% as Gulf nation mulls new expat levy

Kuwait saw remittances from expat workers increase by 3.9% last year as the Gulf nation Parliament is pushing to introduce a controversial levy charge on these transactions. According to data from the Central Bank of Kuwait (CBK), the remittances of foreign workers reached KD4.3bn ($14.1bn) last year compared to KD4.1bn ($13.4bn) in 2017. The biggest total amount of remittances was recorded in the second quarter (KD1.19bn), while the lowest was recorded in the first quarter (KD1.03bn). ...

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