Dhaka, Sept. 21 -- Bangladesh, which relies heavily on remittances from the Middle East, is beginning to lose its grip on those markets, sparking fears of reduced inflows and heightened economic risks.
After the fall of the Hasina government in 2024, remittances initially surged to record highs. But recent data show a steady decline, particularly from Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman and Bahrain - countries that together account for the bulk of Bangladeshi migrant earnings. According to Bangladesh Bank figures, remittances stood at $2.42 billion in August, down from $2.47 billion in July and $2.82 billion in June. Though year-on-year numbers still reflect growth, the downward trajectory is raising alarm.
"Bangla...