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Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strain - The Economic Times
A protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like Steve Geoffrey supporting his Kenyan family, face job insecurity and rising costs. While some nations saw initial remittance surges, others report slowing growth and workers depleting savings. Economists predict regional growth slowdowns, highlighting the precarious economic model reliant on foreign labor.
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economictimes.indiatimes.com
Iran-Israel conflict puts UAE, Saudi Arabia's foreign workers under strain - The Economic Times
A protracted conflict in the Gulf is jeopardizing billions in remittances, vital for families across Asia and Africa. Migrant workers, like Steve Geoffrey supporting his Kenyan…
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standardmedia.co.ke
More families feel the pinch as diaspora inflows shrink
Declining diaspora remittances, driven by global conflict, inflation and job losses abroad, are squeezing Kenyan households already burdened by rising local living costs.