Expat Money News

Latest 10 news items tagged Money

18 Oct at 6 PM 2019

Expat volunteers can see the world whilst protecting its species and peoples

For the majority of would-be expats heading overseas to start a new life, it’s all about the money and prestige a successful relocation can bring. However, not every purchaser if an airline ticket to a foreign land has this motivation, as increasing numbers of talented volunteers are taking time off to use their skills to benefit humanity and the planet itself. Materialistic rewards don’t come into the decision, and volunteers often save for several years to realise their dreams of being useful and supportive to the causes...
3 Oct at 6 PM 2019

Is expat suicide becoming endemic in Thailand?

Thailand is seeing an inexplicable increase in expat suicides. For several decades, the chaos on Thailand’s roads and the resultant expat deaths made headlines in both the Thai and English language media. Nowadays, although road accidents are still worth a mention on and offline, a new, inexplicable cause of death for expat males seems to be suicide, even in cases where it’s not obvious. A quick trawl of last month’s online English news websites and a few forums reveals five such possibly self-inflicted deaths over the past...
3 Oct at 6 PM 2019

Thomas Cook bankruptcy spells disaster for expat-owned businesses in Spain

The sudden collapse of Thomas Cook is now threatening British-owned businesses in Majorca with a similar fate. The popular holiday island’s beaches are now bereft of happy holidaymakers, with tourism-oriented British businesses suffering a devastating downturn in trade. The massive repatriation which took place after the firm’s voluntary liquidation has destroyed the resort island’s reputation as a cheap and cheerful holiday destination as well as dealing a huge blow to local businesses. British bar and restaurant owners are...
1 Oct at 6 PM 2019

UAE plans 20,000 new Emirati jobs to replace expat talent

The UAE is planning to create 20,000 new jobs aimed exclusively at Emiratis. In a move which may result in the beginning of the end of jobs for expat professionals in the Gulf States, the UAE will create 20,000 private sector jobs for locals as well as subsidising their wages.No less than 160 private sector job categories will be included, with only Emiratis eligible to apply. The UAE is the second-largest economy in the Arab world, in which expatriates form 80 per cent of its entire population. It's also the latest cash-strapped...
25 Sep at 6 PM 2019

How risky is entrusting your savings to an expat IFA?

Safety and security are essentially important for newly-arrived expats, especially where pension pots and savings are concerned. Moving overseas for either work or retirement is the dream of many Britons seriously fed up with their homeland’s politics and weather, but keeping hard-earned funds safe isn’t as easy as it seems. For workers and retirees in the UK looking to invest their savings, laws are in place which remove the majority of risks and regularly inform about the rest, but the same isn’t true for expats overseas....
20 Sep at 6 PM 2019

Costa Blanca flood victims to receive emergency grants and aid from local government

In the aftermath of the catastrophic Costa Blanca floods, the Valencian government is preparing to grant financial aid to victims who’ve lost everything. The freak storms, now considered the worst in living memory, flooded a huge swathe of the Vega Baja from Los Alcazares to Orihuela, devastating 300,000 acres of farmland, destroying homes and businesses and claiming seven lives. The cleanup is expected to cost 1.5 billion euros and there are no estimates at present as to how long it will take. The first grants will be given to...
17 Sep at 6 PM 2019

Al Hashem hits out again at Kuwait’s expat community

Yet again, expats living and working in Kuwait are being targeted by politicians. Just a few weeks after a major annual survey ranked Kuwait as the worst world destination for expatriate professionals, yet another rant in the emirate’s parliament referred to expat recruitment as an ‘unnatural invasion’. It comes as no surprise that female MP Safaa al Hashem is clearly on yet another anti-expat attack as the woman is infamous for airing her prejudiced views on a regular basis. Her plan on this occasion was to grill Kuwait’s...
16 Sep at 6 PM 2019

Expats in Bahrain urged to avoid heart attacks

Due to an increase in the numbers of foreigners in the emirate dying from heart attacks, Bahraini medical professionals are urging expats to adopt a healthy lifestyle. According to healthcare professionals and social workers, some 50 expats passed away due to heart attacks during the past few months, five of whom died this month. Seven more deaths due to the same cause were listed during July and August, with ten more dying in February. According to a cardiovascular specialist at Shifa al Jazeera Medical centre, diseases such as...
4 Sep at 6 PM 2019

Managing your expat spending habits after a salary increase

Expats are being advised not to let a salary increase turn into a financial disaster. For expats who don’t run a household budget linked to their salaries, an increase in wages can lead to a spending trap, especially if they’re living and working in luxury locations such as Dubai, Paris, Switzerland or New York. Salary increases are good news, but can turn a carefully planned budget into a debt crisis within a surprisingly short time. Known as ‘lifestyle creep’, the syndrome is easy to understand but difficult to reverse....
2 Sep at 6 PM 2019

British government gives £3 million to help UK expats in EU get residency

The British government is setting up a £3 million fund aimed at helping UK citizens living in the EU prepare for Brexit. The money will be distributed to voluntary organisations and charities and will be focused on those having problems filling out the necessary forms for residency. Those helped will include the disabled, pensioners, Britons living in remote areas and those who need assistance with translations. It’s not known how many of the estimated 1.3 million British expats living in the European Union will need assistance,...