Expat Money News

Latest 10 news items tagged Money

19 Dec at 12 PM 2014

Uruguay: Lebanon Foreign Minister urges expats to buy Lebanese products

Lebanese Foreign Minister Gebran Bassil wants to see Lebanese expats in Uruguay spending their money on things produced in their homeland, noting that the recently-signed free trade agreement (FTA) with Latin America would make importing such goods all the more easier. During a meeting on Wednesday with a delegation of Uruguay-based expats, Bassil explained that the free trade deal with Latin America’s Mercosur countries would “facilitate trade” between their country of origin and the sub-regional bloc, which includes, Brazil,...
15 Dec at 9 AM 2014

Saudi Arabia: 3,000 expat professors seek move to Western countries

Three thousand expat professors in Saudi Arabian universities are trying to find work in Western countries, revealed an official at an international immigration centre. The figures come after Saudi’s Ministry of Higher Education recently told universities across the country that they should not renew expatriate workers’ contracts if they were older than 60. Lebanese lawyer Nader Eyad confirmed that 3,000 expat professors had already filed applications for working visas in Western countries. He added that the professors in...
8 Dec at 2 PM 2014

British expat has missing wallet returned after 18 years

UK expat Colin Mendoza got an almighty shock when police in Switzerland contacted him to say they had his missing wallet and passport – 18 years after he lost them on a train in the country. Mendoza fell asleep on a train journey from Zurich Airport to Geneva in 1996, and didn’t realise he had left his wallet on board until after getting off. He immediately reported that it was missing to police, before having to get a new passport as well as cancelling credit cards and ordering new ones. However, nearly two decades later,...
27 Nov at 3 PM 2014

Pakistani expat to walk across seven emirates

A Pakistani expat in UAE has spoken of his plans to walk 350kms across the seven emirates to mark the country’s national day. Fifty-one-year-old Mohammad Malek, a Dubai-based carpenter, said he achieved the feat in 2013 and aimed to do the same again because he wanted to draw attention to the fact that the Middle Eastern country was one of the world’s most peaceful nations. Malek revealed that it would take him one week to complete the journey, starting on 26 November in Fujairah and finishing on 2 December in the capital, Abu...
23 Nov at 2 PM 2014

Expat Book: Lisa Sadleir and Moving to Spain With Children

We're thrilled to announce that Lisa Sadlier, winner of our Education and Integration Schools blogging competition, has just had her first book published. Congrats Lisa! So if you are thinking about moving to Spain with with your kids, check out "Moving to Spain with children" and, once you're there, start blogging and join our thriving community! <h3>Moving to Spain with Children, by Lisa Sadleir.</h3> If you search online you will find a multitude of books about Spain; books set in spain; books about: moving...
14 Nov at 2 PM 2014

British expats in Spain warned about healthcare registration

The UK’s Department of Health has warned Spanish-based expats that they have to properly register with authorities in the country to make sure they have full protection in the state healthcare system. “Moving to Spain? Think about Healthcare!” is the <a href="https://www.gov.uk/government/world-location-news/think-healthcare-when-moving-to-spain-or-it-could-cost-you-time-worry-and-money-warns-new-video">new video</a> produced by the department. The video, which informs would be expats that the process can...
10 Nov at 6 PM 2014

UK mafia gangs investing in property purchase scams in Thailand

For decades, tropical Thailand has been a retirement haven for UK expats for its cheap cost of living and year-round sunshine, but buying a condo has always been a risky business. It’s not just the government rules on the purchase of property by foreigners which can ruin the dream, it’s the continuing off-plan property scams perpetrated by dishonest expat developers. The latest to emerge involves a condo block in Pattaya’s Jomtien district – or it would be in Jomtien if it had been built! More than 100 would-be expats have...
4 Nov at 6 PM 2014

Harlequin pension saver victims hit with financial double whammy

Scammed retirement savers whose cash was lost in the Harlequin property crash are now facing up to ten years’ continuing charges by their pension providers. Affected investors who were persuaded to take out QROPS and SIPPS-wrapped products have not only lost every penny of their savings, but are being charged £500 per annum by the pension providers themselves. Ostensibly referred to as management charges, the totals taken by providers will add some £17 million to the estimated losses. Thousands of pension savers are affected,...
31 Oct at 6 PM 2014

Windfalls waiting for thousands of missing Standard Life expat customers

Tens of thousands of former Standard Life customers have been missing out on a share of the huge cash pile distributed by the company when it went public eight years ago. The former mutual insurance and pensions company has tracked down the vast majority of the 2.5 million customers who were entitled to a part of its massive multimillion payout in 2006. However, 73,000 are still untraceable, with Standard Life believing that many are expats who didn’t inform the firm of their change of address. The average amount due to each of...
29 Oct at 6 PM 2014

US Justice Department cracks down on Swiss banking privacy

Swiss banks are being hounded by the US Justice Department to reveal all details of USA citizens’ secret accounts. Prosecutions as well as FATCA are being used to force traditionally private Swiss banks to give up the full details of money in accounts held by expats attempting to avoid paying tax in their home country. Switzerland was one of the last countries to sign up for the controversial US Foreign Account Tax Compliance Act. Credit Suisse and USB were the first banks to be hit by billions in fines for not revealing the full...