Secretary General of Arab Banks Association Wissam H. Fattouh attends a conference in Beirut, Tuesday, Oct. 28, 2014. (The Daily Star/Mohammad Azakir)
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Lebanon ranked second on the list of Arab countries receiving remittances in 2015, with money transfers reaching $7.2 billion, said Wissam Fattouh, secretary-general of the Union of Arab Banks."Most of this money goes to Arab countries and the rest go to India, the Philippines and Pakistan," he added.He also added that money transfers to Yemen reached $3.4 billion in 2015, equivalent to 7 percent of total remittances to the Arab world, followed by Tunisia at $2.4 billion, which is equivalent to 4.8 percent of total remittances to Arab countries.
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