Expat Uae News

Latest 10 news items tagged Uae

19 Apr at 6 PM 2018

Living the tax free high life in Dubai for expats

Dubai’s fame as a luxurious haunt for the ultra-wealthy draws internationally-minded expats willing to try their luck in the casino of Middle Eastern life. Dubai is one of the world’s most enticing no-tax destinations, attracting not just the cream of the expat professional crowd but also mega-wealthy entrepreneurs and global-minded individuals keen to exploit all Dubai has to offer. For expats, the lure of earning many times more than their salaries in the home country coupled with a tax-free status is far too good to resist,...
19 Apr at 6 PM 2018

Expat fundraisers in Dubai stunned by punitive new regulations

The majority of expats working in Dubai had no idea of the regulations concerning charity work in the emirate until one of their number was arrested for a Facebook post. Lawyers are now warning companies and resident expats that breaking the strict rules may mean massive fines and a 12 month prison sentence. Last year’s announcement of Decree 9 prohibits collecting donations and advertising fundraising events unless written permission has been given by the Islamic Affairs and Charitable Activities Department. It’s possible that...
18 Apr at 6 PM 2018

Kuwatization to axe thousands of expat private sector jobs

Kuwait’s Civil Service Commission is planning to freeze thousands of expat contracts by 1 July. Kuwatization is taking a new turn as the emirate’s Civil Service Commission is planning to freeze over three thousand expat contracts and shelve them at the beginning of July this year. The move, a significant part of Kuwaitization, is intended to open up formerly expat jobs to Kuwaiti nationals, thus reducing the totals of foreigners working in the emirate. At the present time, the expatriate population makes up 70 per cent of the...
16 Apr at 6 PM 2018

Cyprus golden visas spur huge hike in property prices

A new report has revealed the Mediterranean island of Cyprus is now a favourite location for expat property investors. The recently-released Cyprus Real Estate Marker Report shows real estate purchased by foreign buyers in 2017 has soared over the 2016 totals by 33 per cent. Limassol and Paphos were the most popular locations on the island for buyers from overseas, with purchases in the two regions making up almost three-quarters of the island’s total foreign transaction-related real estate revenue. Sales in Limassol were mostly...
13 Apr at 6 PM 2018

New UAE online portal to sell secondhand household goods

The UAE’s new YallaBargain secondhand online portal is sure to become a success due to the turnover of expats arriving and relocating. The expat population of the UAE is estimated to include some 200 nationalities, resulting in a wide range of pre-owned household goods, with millions of dollars-worth of equipment and furnishings purchased every day. Co-founder of the website Sai Naveen told local media the resale value of goods discarded when expats return to the home countries is around 10 billion dollars, with everything now able...
12 Apr at 6 PM 2018

Lifting of Saudi female driving ban to have positive economic impact

Following the June 24 lifting of the ban on women drivers in Saudi Arabia, many more women are expected to join the emirate’s workforce. Expat economists are not just viewing the move as a victory for women’s rights, they’re also predicting a significant boost in GDP growth as a result of vastly increased numbers of females in the Kingdom’s labour force. The kingdom’s recent acceptance of new roles for women has resulted in a number of Saudi women’s new-found prominence in a number of fields. Saudi now has an all-women law...
11 Apr at 6 PM 2018

Two Dubai expats face 500 year jail sentences for massive financial fraud

Following their arrest in 2016, the two traders were finally found guilty and sentenced to 500 years’ imprisonment for their involvement in a $200 million currency trading scam. Ryan Fernandez and Sydney Lemos, both currency traders, had defrauded clients through their Exential Group firm and were first arrested when an investor claimed promised returns had not been paid out. Following the complaint, the Dubai government’s Department of Economic Development ordered the business to cease trading. The pair had touted investments...
10 Apr at 6 PM 2018

Expat community in UAE gets free workshop on Ramadan etiquette

Expats in the UAE could be forgiven for not quite understanding the historic and religious culture surrounding the Holy Month of Ramadan, but a free two-hour workshop on its do’s and don’t’s should help. The UAE is reputed to have the largest concentration of expats of any region on the planet, with some 90 per cent of residents across the emirates originating from overseas. The month-long festival of Ramadan is the Islamic calendar’s Holy Month and has rules regarding conduct which may seem strange, especially to Westerners....
3 Apr at 6 PM 2018

Expat financial independence winning out over risky IFA advice

Following the seemingly endless media reports of dodgy IFAs, Ponzi schemes and fraudulent cold-calling financial scammers, the new buzzword in the worldwide expat community is financial independence. The online Financial Independence world, usually referred to simply as FI, contains many bloggers describing their own experiences and passing on tips to those who’ve had enough of being cash cows for unscrupulous IFAs at best and downright fraudsters at worst. One Dubai-based expat founder of a non-profit community entitled SimplyFI...
2 Apr at 6 PM 2018

UAE expat good conduct certificate suspended due to chaos

Due to confusion about its rules, the UAE’s controversial good-conduct certificate law is now suspended for an indefinite period. Much to the relief of newly-arrived expats and those changing jobs, the bureaucratic chaos following the introduction of the good conduct certificate law is over for at least a while. The suspension of the new law, introduced at the beginning February, forced all arrivals in the emirates to produce a police certificate from their home country stating the bearer has no convictions or criminal history. The...