Doha, February 26 (QNA) - With the arrival of the holy month of Ramadan, remittances from workers in Qatar to their home countries enter their peak season, where economic considerations intersect with a social spirit in a scene that repeats every year, reflecting social solidarity.

In this blessed month, remittances are measured not only in numbers, but also as messages of support and as an extension of the values of solidarity and compassion, embodied in tangible actions. Ramadan is an economic and social milestone reflecting the dynamics of a society diverse in nationalities and cultures. With rising living expenses, preparations for Eid Al-Fitr, and the payment of zakat and charitable donations, the pace of remittances increases noticeably, turning exchange houses into bustling centers that reflect the peak of financial activity in the country.

In exclusive statements, exchange company officials told Qatar News Agency (QNA) that the percentage of remittances during Ramadan and Eid Al-Fitr rises by about 25 to 30 percent compared to the rest of the year, with the highest levels of activity recorded during the last ten days of the month, coinciding with the approach of Eid.

The officials noted that financial transfers are undergoing major transformations as a result of modern technologies and artificial intelligence, with increasing reliance on mobile applications and electronic payment, prompting companies to develop easier and faster online services and dedicated applications.

In this context, CEO of an exchange company, Bashar Al Wuqfi, said that the holy month of Ramadan sees significant growth in the volume of financial remittances compared to other months, with transfers rising by about 25 percent relative to the rest of the year. He attributed this increase to higher living expenses and the demands of the holy month, in addition to clients' eagerness to send money to support their families, maintain family ties, and prepare for Eid Al-Fitr.

To meet this rising demand, the company is taking proactive measures, including increasing liquidity to cover withdrawals from banks and foreign correspondents, as well as enhancing operational readiness by adding staff and extending working hours, to ensure services are delivered efficiently and smoothly, he noted.

He pointed out that digital channels and remittance apps play a crucial role for clients, providing ease and flexibility in executing transfers anytime and from anywhere. This helps effectively manage the seasonal surge during Ramadan and reduces reliance on traditional branches. He also highlighted the company's offers and initiatives available through the apps, which enhance the customer experience and provide continuous added value.

In turn, Deputy CEO of an exchange company, Dr. Mohammad Amjad Mousa, affirmed that Ramadan is an exceptional season for remittances, with transaction volumes increasing annually by 20-30 percent compared to other months, peaking in the last ten days.

He indicated that this increase is linked to several social and economic factors, chiefly family remittances to cover Ramadan and Eid Al-Fitr expenses, the sending of zakat and charitable contributions, and the disbursement of salaries and bonuses before the holiday, leading to a high concentration of transactions over a short period.

He also noted that his company launched several initiatives during Ramadan, including offering competitive exchange rates for limited periods and running awareness campaigns to encourage clients to use digital channels for their speed, convenience, and security, reflecting digital transformation as a strategic pillar in enhancing operational efficiency.

Data indicate that workers' remittances in Qatar rose by 10.8 percent year-on-year in the third quarter of 2025, reaching QAR 10.768 billion compared to QAR 9.716 billion in the same period of 2024, according to balance of payments data from the Qatar Central Bank (QCB).

Overall, workers' remittances abroad reached QAR 32.4 billion during the first nine months of 2025 (January - September), while in 2024, the total remittances from Qatar amounted to QAR 44.6 billion.

Ramadan in Qatar is not merely a financial season; it is a time when social and religious values are expressed through tangible actions that affect the economy and residents' behaviors. Remittances reflect the spirit of solidarity between workers and their families, evolving each year with changes in the economic and technological context. (QNA)