Remittance increase in Jordan matched with a decrease in tourism revenue
Expatriates’ remittances went up at the end of July by 2.6 per cent to $2.16 billion, the Central Bank of Jordan (CBJ) said in a statement issued on Wednesday. Meanwhile, tourism revenues dropped by 8.4 per cent to around $1.88 million from $2.05 billion during the same period last year. The drop was attributed to a decline in the number of tourists seeking therapeutic services in the past few months and the drop of tourists in general in July, 2013.
- The Middle East's entire 'Wasta' culture needs to go down the drain
- 2014 in three words: deflation and lower returns
- How fear can be a good force in the workplace
- Housing and education costs eating away Dubai's tax-free benefits
- With World Cup under its sleeve, Qatar comes fourth in global slavery index