Remittances of Expats in Kuwait Drop by 13 Percent

      Published on Saturday, 10 November , 2018      1304 Views     
Remittances of Expats in Kuwait Drop by 13 Percent

  • Business

The UN Special Rapporteur on contemporary forms of slavery, including its causes and consequences, has sent a questionnaire to the Interior Ministry on trafficking in humans, reports Al-Anba daily.

The responses to the questionnaire shall be submitted to the Special Rapporteur and will be discussed during her visit in 2019.



The questions are as follows:

* Are there any economic sectors in your country in which contemporary forms of slavery such as forced labor or bonded labor exist?

* What is the estimated representation of men/women in the sectors indicated?

* Are the sectors indicated State controlled or private sector controlled?

* Please provide any relevant data regarding the number of persons affected by contemporary forms of slavery in your country, if possible disaggregated by sex.

* What are the main abuses suffered by men/women in the sectors identified?

Meanwhile, according to the foreign exchange companies the remittances of foreign workers in Kuwait have dropped by at least 13 percent in the first quarter of 2018, reports Al-Qabas daily.

Sources close to the exchange companies added, the decline has been continuing since 2017.

Official figures showed the remittances last year fell by 9 percent from KD 4.56 billion in 2016 to 4.14 billion dinars in 2017.

The sources quoting exchange companies pointed out the monthly transfer rate for expatriates (excluding domestic workers) was on average $626 per person per month, but recently it dropped to about $545.

The sources explained this means the number of expatriates has not increased but somehow declined.

The sources added the past few years have been characterized by the decline in oil prices, and this has negatively affected several sectors, including the income of expatriates especially after the increase in fuel prices and hike in electricity and water charges, as well as other burdens.



It should be noted that the remittances of about 700,000 foreign workers, mostly in the family and household sectors, do not exceed an average of $300 per month.

Keywords:
Category Business, PR Free | 2018/11/10 latest update at 2:20 AM
Source : Albawada | Photocredit : Google
1305 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Outrage as poverty leads young bidoon man to commit suicide in Kuwait
Kuwait Kuwait news

Outrage as poverty leads young bidoon man to commit suicide in Kuwait

Human rights activists and social media users expressed outrage after a “stateless young man” or “bidoon” committed suicide…

How the BRI is bolstering China-Arab ties

‘Four Seasons’ economic workshop

BANK MUSCAT AND MEETHAQ JOINT BOARD MEETING REVIEWS PERFORMANCE

Region “critical and very dangerous “ Emir

Region “critical and very dangerous “

His Highness the Amir Sheikh Sabah Al-Ahmad Al- Jaber Al-Sabah said Tuesday the foreign ministry has a further…

In Kuwait, King reiterates support for Arab Gulf in safeguarding stability Emir

In Kuwait, King reiterates support for Arab Gulf in safeguarding stability

His Majesty King Abdullah, accompanied by HRH Crown Prince Hussein, held talks with Emir of Kuwait Sheikh Sabah…

Kuwait raises security alert around oil installments in territorial waters Emir

Kuwait raises security alert around oil installments in territorial waters

Kuwait has increased security measures near oil installations and territorial waters amid rising tension between the United States…

Kuwait’s steady hand in Gulf affairs Emir

Kuwait’s steady hand in Gulf affairs

When Russian Foreign Minister Sergey Lavrov arrived in Kuwait March 5 for talks on the Gulf and the region, it was…

Technology

Kuwait lifestyle and lifestyle Kuwait news

Lifestyle

Kuwait lifestyle and lifestyle Kuwait news

Culture

Culture news and Kuwait culture news

Sport

Sport news from Kuwait and world sport news

Events

Kuwait Events and Events News

Government

Kuwait government News

Emir

News from the Emir of Kuwait