Expat Money News
Latest 10 news items tagged Money
13 Jan at 2 PM 2015
A Qatari court has sentenced a Filipino expatriate to seven years in jail after finding him guilty of murdering one of his compatriots.
The court has also told the man to pay QR200,000 in blood money
to the victim’s family after the death sentence was waived. The man has appealed the judgment and the case has been adjourned till 23 February, when it will be heard at a higher level.
The man was found guilty of repeatedly hitting the victim with an iron rod, before stabbing him with a knife and pouring burning oil over the...
8 Jan at 10 AM 2015
The amount of money
expatriate Egyptians send home is equal to three times the revenue earned by the Suez Canal, according to the World Bank’s director of migration and remittances Dilip Ratha.
Egyptians send home around US$20bn annually, with Ratha revealing that the figure had doubled more than once in the past four or five years. He pointed out that the money
sent home was now three times greater than revenues earned from the Suez Canal.
However, he noted that a number of countries, including Egypt, were currently thinking...
29 Dec at 12 PM 2014
Expat workers in the UAE are being illegally charged as much as AED15,000 by employers to renew their working visas every two years, a Bangladesh embassy employee has said.
It costs AED2,879 to renew a manual worker’s visa, but the law states that it is the employer’s responsibility to pay for it. But, according to the embassy staff member, expats from Pakistan, Nepal, India and Bangladesh are being forced to front the bill by many owners of small businesses.
Bangladeshi embassy councillor Mohammed Shahadat Husain in Abu Dhabi...
28 Dec at 10 AM 2014
The high price of education at private schools in Saudi Arabia has forced more than 300,000 foreign students to quit as their parents cannot afford the fees.
Education expert Malek Al-Ghamdi explained that as expat students were not accepted in government schools, their only option was private schools. However, he noted, that as these private schools were now charging in excess of SR25,000 per year, many parents do not have the money
to send their children there anymore.
Al-Ghamdi, formerly a private schools’ committee member at...
26 Dec at 12 PM 2014
A pair of Brits living in Spain welcomed two homeless men into their flat this Christmas and are allowing them to stay there until after the new
Twenty-one-year-olds Barcley Spicer Jenkins and Ed Lloyd have allowed two homeless men from the Czech Republic to stay in their house in Estepona over the two-week festive season while they visit family in the UK.
The Brits carried out their act of generosity after becoming friends with Roman Sikyta, 38, and Petr Spanel, 27, in the past few months. The Czechs, who said the gesture...
22 Dec at 4 PM 2014
Marbella’s councillor for tourism and foreign residents Jose Luis Hernandez has backed up its mayor in saying that expats are vital for the success of the town.
Mayor Angeles Munoz said last week that expats should be voting in local elections, and Hernandez has now said the large expat community based along the Costa del Sol is crucial for the region’s future.
Hernandez explained that the problem at present was that there were many expats who have integrated into the local community and fit perfectly into the Spanish society,...
19 Dec at 12 PM 2014
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
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
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
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...