Expat Money News

Latest 10 news items tagged Money

28 Sep at 6 PM 2016

Saudi Arabia employers now listing expat details on jobs website

Over two thousand expat professionals’ resumes have now been uploaded to a new government website as job cuts continue. The Kawadir Labor portal was recently opened as a response to the changing circumstances of employers and their expat employees due to the dramatic fall in oil prices. Both employers wishing to rid themselves of pricey expat services and employees who wish to move jobs can use the online portal. Saudi companies looking to hire highly-skilled expat professionals already in the kingdom are expected to find the...
27 Sep at 6 PM 2016

Expat buyers rush for properties in Cyprus

The Cypriot property market’s surprise recovery is being led by foreign buyers and is showing a significant increase in sales over the past months. Although interest from Cypriot buyers is still at an all-time low due to difficulties in getting loans, foreign buyers have stepped in and are behind a huge improvement in the island’s real estate market. Local estate agents believe the present time is the best for those investing in property, as prices are still comparatively stable and there’s a good choice of homes available....
16 Sep at 6 PM 2016

UK expats wanting snow as well as sun should head for Canada

For UK would-be expats with post-Brexit worries about settling in EU states, Canada is the perfect answer, especially if snow as well as sun is a requirement. The vast expanses of Canada are no strangers to Britons, as the first UK citizens arrived in the 15th century and have been arriving ever since. Nowadays, ultra-modern cities nestle amongst some of the world’s most dramatic scenery, making the country the perfect place for those looking for an outdoor lifestyle year-round. Canada is a country of contrasts, with Vancouver...
15 Sep at 6 PM 2016

Practical help for new expat arrivals in Brussels

Brussels is a hotspot nowadays for professional expats from the UK, with settling in made easy via everything from a Welcome Desk to newsletters and practical guides. Settling in to a totally new environment is perhaps the most confusing aspect of becoming an expat, wherever in the world you’ve landed. Those heading for Brussels, however, are given a comprehensive head start including all they need to know as regards avoiding hassles, learning about the city and coming to grips with Belgian bureaucracy. Paperwork is a seemingly...
9 Sep at 6 PM 2016

Telephone and internet scams now targeting expats in China

China is the latest expat destination in a long line of countries being seen as magnets for low-life scammers, fraudsters and internet villains. Chinese lawyers are now warning expats of an explosion in fraud via telephone, text and email scams and other rip-offs. Telecom fraud cases have increased by an average of 70 per cent annually since 2011, with expat targets now easier prey than Chinese nationals. A Beijing lawyer specialising in expat telecom and internet fraud described one case involving an English teacher who’d lost...
8 Sep at 6 PM 2016

How to enjoy expat life by working fewer hours

Expat lifestyle surveys aren’t just about how much money is earned, where’s the surest destination for fast career advancement and what’s best for families, they’re also about spending as little time as possible in the office. Expat networking website InterNations’ latest survey is hitting the headlines by identifying the top relocation destinations for those wanting to work as few hours as is possible. Spending as little time as possible in the office allows more time to be spent enjoying your new country, even although the...
6 Sep at 6 PM 2016

Expats in Cyprus urged to make UK as well as Cypriot wills

Making a will is one task likely to be overlooked, as the disposal of assets after your demise it’s not a pleasant thought. However unappealing the thought of making a will may be, it’s a necessity if there are assets to distribute after your death. For expats living in Cyprus, it’s even more important, as Brexit may change many legal rules covering wills and inheritances. Although the status quo for expats won’t change until the moment when the UK finally leaves the EU, the present situation in which UK expats on Cyprus...
1 Sep at 6 PM 2016

Expats vote Kuwait the worst location in the entire world

2016 is the third year running for Kuwait’s unenviable position as the worst expat destination worldwide, with the result based on all the necessities for enjoying life overseas. Losses compared with last year were made in all the Expat Insider survey’s categories, from family life through ease of settling in, personal finance and working abroad to the essential quality of life section. Even though the entire Persian Gulf region’s main destinations were also rated at the bottom of the table, the result for Kuwait is dismal, to...
1 Sep at 6 PM 2016

Should expats transfer their pensions following PPF bad news

After the UK Pension Protection Fund’s recent warning of shrinking retirement incomes, many expats worldwide are considering transferring their pensions. According to the PPF in its role as protector of salary-linked pension plans, many expats nudging closer to retirement are expecting gold-plated final salary deals. Given the present economic circumstances, it’s clear they have been misled, with the PPF urging pension scheme providers to tell it like it is to their members. The PPF’s protection scheme ensures most UK...
29 Aug at 6 PM 2016

UAE based expats accused of not saving for retirement

In spite of receiving good salaries and relocation packages, very few expats from the West working in the UAE are saving for their retirement. Given the financial advantages of working in the Middle East, its tax-free status and the global pension crisis, it’s surprising that only a small percentage of expatriates in the kingdom are looking to their future by saving for retirement. According to financial advisory companies with a presence in the UAE, only around 10 per cent of Western expat professionals are putting money away for...