The Iran conflict has put the Gulf's USD 124 bn remittance machine under strain — and workers’ savings buffers are running out

The Gulf's USD 124 bn remittance machine is wobbling. Bloomberg

We could be looking at a serious collapse in remittance volumes if foreign workers’ savings are depleted, potentially by 3Q 2026

The war’s opening weeks triggered a panic-send:

Then came the hangover:

The savings buffer is the number to watch. cuts

It’s not just Okoudjou with the bearish outlook

MARKETS THIS MORNING

Asia-Pacific markets are down in early trading this morning

Interest rates (CBE)

S&P Egypt Sovereign Bond Index

S&P MENA Bond & Sukuk

VIX (Volatility Index)

The EGX30 fell 0.2% at yesterday’s close