Expat Money News

Latest 10 news items tagged Money

19 Aug at 6 PM 2019

Expat conservationist voices grave concerns over massive power line installation in Albujarras

Expats and local protestors are still fighting over a power company’s plans to erect 362 massive pylons in one of France’s most spectacular areas of natural beauty. A local expat newspaper was the first to alert conservationists and nature-lovers to the threat of damage to the precious environment as well as to the protected species in the region. The paper’s ‘Fight the Power’ campaign recently attracted the attention of a British conservationist to the risks to wild life, especially bird species, should the installation in...
13 Aug at 6 PM 2019

Expats in UAE considering online gaming as an alternative career

As the UAE jobs market shrinks due to nationalisation, expats wanting to stay in the region are considering online gaming as a full-time job. Esports are the latest fad as well as a potential money-maker due to the esports tournaments paying out as much as millions of dirhams in prize money to successful players. The industry is now flourishing in the Gulf States, attracting a growing number of events as a result. One organisor, YaLaEsports, has garnered a massive amount of funding from investors and now has 50 players taking part in...
8 Aug at 6 PM 2019

Massive Czech Republic tree-planting project welcomes expat participation

As the news about global warning gets worse, the Czech Republic is taking action. In an effort to stall the effects of global warming, the Czech Republic’s Ministry of the Environment is planning to plant 10 million trees with the help of private citizens, companies, schools, social organisations and expatriates living and working in the country. Experts believe the huge numbers of new trees will emit enough oxygen for some 30 million people and lower the ambient temperature by three degrees Celsius over 200,000 square kilometers....
7 Aug at 6 PM 2019

Expats in Denia fear shelter dogs will be killed if not rehomed within two months

Dog shelter volunteers fear takeover by for-profit company will result in mass euthanasia. A much-loved municipal dog shelter in Spain’s Denia City is about to be taken over by a commercial for-profit company with the agreement of the local municipality, sparking fears it will become simply a ‘kill station’ for rescued dogs. Its previous management APAD have worked tirelessly to rescue, care for and re-home the city’s strays, promoting animal rights and their zero euthanasia policy. According to the group and the vets who...
5 Aug at 6 PM 2019

Massive Costa Blanca investment fraud loses UK expat retirees some 25 million

In spite of endless warnings by authorities and online advice sites, pensioners in the Costa del Sol have lost millions to yet another investment scam. Continental Wealth Management, now defunct, was using the familiar technique of shovelling expat retirees’ life savings into high-risk investments paying massive commissions to dodgy IFAs operating from a high-end office in Denia. Hundreds of British pensioners in Spain, Portugal, Italy and France have now lost a total of up to £25 million, with little or no chance of getting any of...
31 Jul at 6 PM 2019

Brit expats in UAE taking advantage of sterling crash to repatriate savings

Due to the unprecedented fall in the sterling exchange rate, a good number of UAE-based Brit expats are sending money back to the UK. British expats living and working in the UAE are now moving savings and spare cash back to the UK, thus taking advantage of the worst exchange rate in a decade or more. As sterling sinks ever lower on the threat of a broken economy due to a no-deal exit from the EU, increasing numbers of British expatriates are cashing in on the once-in-a-lifetime opportunity. For British professionals who arrived in...
26 Jul at 6 PM 2019

Dwindling high end rentals down to Bangkok expat relocations

As demand shrinks, partly due due to expats packing up and leaving, the Bangkok housing market is being forced to change its focus from rental apartments to single-owner homes for Thais. Previously, the rental supply and demand mechanism concentrated on larger, two-bedroomed condos suitable for expats arriving with their families to live and work in the city. Nowadays, companies are lowering their operating costs and saving money by not having to fund tuition fees for expat children as well as the high cost of maintaining a family in...
26 Jul at 6 PM 2019

What do expat French bankers in London think of Boris?

What do French expat professionals in the UK banking sector think of Boris? Dramatic political moves based on manipulation tend to cause major disruption within expat communities, but the election of Johnson as UK prime minister comes at a time when millions of EU and UK expats are desperately hoping common sense will prevail. In London, the French expat community is strong and mostly working in finance, with French bankers in the front line should the dreaded no-deal become a reality. One brave expat-aimed website dared to...
26 Jul at 6 PM 2019

Dealing with a spouse’s death as an expat in Dubai

The death of a partner whilst on reassignment overseas isn’t something any expatriate wants to think about but, in certain circumstances, it can cause major financial disruption as well as grief. Rules about inheriting money should a partner die are different across the world and can be confusing, especially for those grieving the unexpected loss of a husband or wife. For expatriates living and working in Dubai, it can be especially galling, as joint accounts are frozen after the death is reported, making it very difficult to access...
24 Jul at 6 PM 2019

Numbers of expat professional jobs in Kuwait fading fast

Expats living and working in Kuwait whose contracts are ending are now taking up to six months to land another position. It’s bad news for expats who’ve invested their working lives in Kuwait and don’t want to relocate, as it’s now taking six months or more to find another job. Declining oil revenues and increasing running costs are forcing companies to either shed the numbers of expat employees or close down entirely and, even if a second job is found, the pay and conditions don’t often match up to those of the first job....