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UAE remittances set for big increase during Ramadan 2021 Waheed Abbas/Dubai UAE remittances to India, Pakistan likely to see a double-digit growth Remittances from the UAE will increase substantially during Ramadan, especially on the digital front, according to officials of the foreign exchange and remittance sector. They believe that the weakening of the Indian rupee, which hit an eight-month low against the dirham, will also play a key role in the growth of remittances during the Holy month. Usually, remittances from the UAE, particularly those being sent to Islamic countries, increase during Ramadan and the holiday seasons. “We’ll see this trend continue this year. The indicators are pointing towards positive and robust remittance activities. The transactions are expected to peak in the week ahead of Eid-Al-Fitr, when residents start transferring money to their families and loved ones in their home countries. We forecast the growth trend during Ramadan and Eid Al-Fitr t

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