Overview
- State Bank data, released Monday, showed April remittances at $3.54 billion, up 11.4% year over year and down 7.6% from March’s seasonal surge.
- Cumulative inflows for July–April FY26 rose to $33.86 billion, about 8% higher than a year ago and still running above $3 billion a month.
- Saudi Arabia sent $841.7 million and the United Arab Emirates $734.7 million in April, with nearly $1.9 billion arriving from the wider Middle East.
- Economists cite post‑Eid timing for the month‑on‑month dip, while analysts warn that a setback in GCC flows could tip the external account back into deficit.
- Media reports of UAE policy shifts, including withdrawal of a $3 billion support line and some expulsions, are seen as potential risks to future remittances.