Expat Uae News

Latest 10 news items tagged Uae

20 Apr at 6 PM 2019

Friends Provident blaming UAE IFAs for poor takeup of unsuitable products

The row over whose fault it is that FPI’s products are no longer popular with expats in the UAE is ramping up, with the insurer accusing IFAs of giving bad advice. Over the past few years, a number of scandals have erupted, with expats accusing both advisors and product providers over mis-selling, extortionate charges and the general unsuitability of their products. Friends Provident Isle of Man is one of the most derided companies due to their high service charges and punitive conditions. In addition, UAE IFAs have received...
16 Apr at 6 PM 2019

UK expat professionals warned to check their occupational pensions LTA limits

British expat professionals in the UAE may be at risk of breaching pensions tax LTA limits. Warnings are being sent out to the estimated quarter of a million expats living and working in Gulf states that their occupational pensions may be in breach of the UK taxman’s LTA limits. Those likely to be affected are in receipt of generous pension schemes such as are offered in the construction, oil and gas and aviation sectors, with those in the energy sector most at risk. According to upscale IFAs in the region, many in the oil and gas...
12 Apr at 6 PM 2019

Expats in UAE livid over Skype ban

Expats living and working in the UAE who regularly use Skype to keep in touch with friends and family at home are furious about the emirate’s ban on the popular app. The announcement by Skype that its services could not now be used in the UAE sent a wave of expat fury heading to social media, with residents venting their frustrations in no uncertain terms. According to Skype, it’s working towards a solution which will re-enable the service, but with no results as yet. In addition to affecting the personal lives of the expat...
11 Apr at 6 PM 2019

EU expats prepared to leave UK due to British domestic policy

It’s not just UK expats in Europe who fear the effects of Brexit, as expatriates living and working in the UK are concerned about the country’s domestic politics. As the Brexit conundrum drags on and on, new research has revealed some 14 per cent of expatriates living and working in the UK would be prepared to return to their home countries solely for political reasons. Around one third of Britain’s expat community expressed serious concerns over the state of Britain’s domestic policies and their potential effect on expatriate...
2 Apr at 6 PM 2019

Female expat professionals in UAE unhappy about new sponsorship rules

Changes to the requirements for expats wishing to sponsor their families are expected to be welcomed by the majority, but will now be based on salary levels rather than job titles. Current laws set wages at a minimum of Dhs4,000 for men and Dhs10,000 for women, but the exact amounts required by the new rules aren’t yet declared. Prior to the announcement of the changes, expats wishing to bring their families to join them in the UAE must have been working at managerial level or higher, but no mention has been made as yet concerning...
29 Mar at 6 PM 2019

How secure are expat jobs in the GCC bloc?

Job security is an important part of the relocation decision, with GCC policies on drastic reductions of the number of expat employees causing would-be expatriate professionals to reconsider. Across the GCC, policies based on the reduction of expat professionals have increased foreign workers’ concerns about the safety of their jobs at a time when home country economic conditions are deteriorating. For example, government jobs across the region are now almost completely taken by locals, following the termination of expats’...
28 Mar at 6 PM 2019

Expat investors in Middle East now have financial advisory aggregator website

For the first time, would-be expat investors in the Middle East will be able to check out their IFAs via an online financial advisory aggregator site. UAE-based communications, consultancy and research agency Insight Discovery is the brains behind the website, with its aim to discourage cold-calling malpractice as well as financial scammers in general. Found at www.whichfinancialadvisor.com, the site is the first of its type in the Gulf States. Only financial advisory companies which have been pre-approved by the two major UAE...
26 Mar at 6 PM 2019

Expats lose Dh millions in UAE timeshare scam

Many hundreds of expats living and working in the UAE have lost millions of dirhams in total to a cleverly-worded timeshare scam. Expatriates both in Dubai and across the UAE are believed to have been tricked into the scam by a Dubai- based company calling itself Arabian Times Travel and Tourism. It’s believed around Dh4 million is involved, with victims still coming forward and an alert on the company first hitting local media as long ago as last September. The cleverly-worded prospectus offered lifetime memberships allowing...
26 Mar at 6 PM 2019

Bahrain shutting out expats whilst Dubai hangs out the welcome banner

Bahrain lawmakers are planning to restrict expat public sector contracts to a two-year maximum. The bad news from Bahrain seems to deliberately contradict a statement by Dubai officials that close on 700,000 expat resident entry permits were granted to GCC nationals over the past two years. Previously, the Bahraini government had already approved a scheme to get rid of all expat civil servants within the next four years, but a specially-appointed cabinet is now examining the new proposal in the light of two-year expat contracts which...
26 Mar at 6 PM 2019

Why are expats in the UAE reluctant to save for retirement?

The majority of expat professionals living and working in the UAE are planning to retire at around the age of 55, but few are saving enough to ensure a comfortable future. A new survey on behalf of a well-known offshore insurance company suggests less than half of expats in the UAE are saving enough to finance a long retirement either back in the home country or in another country of their choice. The survey itself was undertaken by the well-known YouGov poll, with its somewhat negative finding coming as no surprise to a good number...