Saudi Remittance Rises 38% as UAE, Malaysia Inflows Fall

Remittance inflows to Bangladesh from Saudi Arabia rose sharply in July, while receipts from the United Arab Emirates (UAE) and Malaysia declined, according to Bangladesh Bank data.

Bangladesh received $587.3 million in remittances from Saudi Arabia in July, the first month of fiscal year 2026-27, up 37.8% from $426.4 million in the same month a year earlier. Saudi Arabia remained the country’s largest source of remittances.

Remittances from the UAE fell 10% year on year to $255.6 million, while inflows from Malaysia declined 24.6% to $201.3 million.

Overall, Bangladesh received $2.86 billion in workers’ remittances in July, marking a 15.4% increase from $2.48 billion in the same month of the previous fiscal year.

Saudi Arabia has consistently remained one of Bangladesh’s largest remittance sources. In fiscal year 2025-26, Bangladeshi expatriates in Saudi Arabia sent home about $5.85 billion, according to Bangladesh Bank data.

The latest figures underscore Saudi Arabia’s growing contribution to Bangladesh’s remittance inflows, even as receipts from some other major labour markets declined in July.