Expat Australia News

Latest 10 news items tagged Australia

17 Jan at 6 PM 2019

Kuwait mulls cancellation of sponsorship system

After endless calls by Kuwaiti rights groups, the emirate is considering the cancellation of the sponsorship system. According to sources within the Kuwaiti government, Kuwait’s long-established sponsorship system is looking to be in its last days. For decades, the expat-aimed system has been criticised by rights groups and outside organisations for being a form of bonded labour, with the government now seemingly in agreement about its cancellation. It would seem lawmakers are finally aware that ending the system would be much...
10 Jan at 6 PM 2019

Survey shows most UAE expats don’t trust IFAs

A recent survey revealed more than half of expat respondents use financial advisors, but over two-thirds don’t trust them. The survey, carried out by the CFA Institute, was based on the trustworthiness of expat financial advisers working in the UAE’s retail sector, and brought no surprises to a retail audience now used to reports of yet another financial scandal. Some 3,000 expatriates living and working in the emirates took part in the study, with over half using IFAs in spite of their diminishing reputation as ‘honest...
9 Jan at 6 PM 2019

Cold calling pension scammers now banned from operating in the UK

Cold-calling pension fraudsters in the UK are now banned from targeting vulnerable elderly pensioners. Would-be expat retirees with private or work-related pensions should now be protected from pension fraudsters by a new law. Pension scammers who cold-call vulnerable pensioners offering free pension reviews are now banned from operating in the UK and face fines of £500,000 should they continue. The clampdown is long overdue, and is expected to end the practice of cold-calling by unscrupulous so-called IFAs. As many as eight scams...
9 Jan at 6 PM 2019

Expat professionals now shunning the Gulf States due to instability

Expat professionals and their companies are now leaving their lucrative Gulf State jobs due to political problems. Leading international companies, their expat employees and formerly enthusiastic investors are now either shunning or leaving the Gulf States due to the political shenanigans culminating in the murder of Jamal Kashoggi. As a result, one of the planet’s most promising regions is now a no-go as regards expatriate talent. Saudi Arabia and the UAE, the two major engines of development in the region, are both tightening...
2 Jan at 6 PM 2019

Saudi Fund hires top talent but can’t keep it

The Saudi Arabian Crown Prince is being blamed for the departure of expat experts involved in the Saudi Fund. Crown Prince Mohammed bin Salman is relying on the kingdom’s sovereign investment fund to drive diversification of the economy as part of a wider strategy to reduce dependence on oil revenues. However, the flagship investment scheme has suffered recent setbacks due to the departure of Western expatriate executives. The British head of legalities for the fund, its Spanish private executive associate and its Swiss head of...
2 Jan at 6 PM 2019

Expats in Istanbul enjoy varied social events during the Festive Season

Expats across the world celebrate the Festive Season in many different ways, with Istanbul’s expat community offering a great choice of social events spanning the entire month of January. Even for those who’re not exactly social butterflies, there’s something about Christmas and the New Year which draws the crowds to specially set-up events, performances and get-togethers. Perhaps it’s childhood memories of Christmas and New Year customs long past, when friends and relatives joined together to visit everyone in their circle...
31 Dec at 6 PM 2018

Expats in UAE warned over scam social media investment offerings

Expats in the UAE are being warned not to fall for fake investment scams on social media. Warnings about fake investment schemes promising quick returns at high rates are being given out by Kuwait’s Capital Markets Authority and its Ministry of Commerce. The enticing offers are found on social media and are phrased in such a way as to attract both Kuwaitis and expatriates working in the UAE. ‘Learn how to earn extra monthly income at as much as Dh1,500 to 1,700 a week’ is one phrase calculated to entrap those unfamiliar with the...
25 Dec at 6 PM 2018

Expats in Vietnam enjoy Christmas in Ho Chi Minh City

Expats across the world celebrate Christmas in their own ways, with Vietnam's community no exception. Whatever religion is practised by expatriates the world over, Christmas is a time for getting together with friends and family at parties and celebrations. The multinational expatriate residents of Ho Chi Minh City’s Ruby Home’s 34 apartments are no exception as, for the past several years, a mini Christmas festival has been held, to which all are invited. This year’s event was held in the residency’s front yard, decked...
20 Dec at 6 PM 2018

Brit expats in Gibraltar furious over exclusion from EU no-deal contingency plans

The EU’s just-announced plans to mitigate certain effects of a no-deal exit from the EU will not include Gibraltar. According to EU leader Jean-Claude Juncker’s plans for a no-deal Brexit, flights between the UK and EU member states are certain to be ‘interrupted’ once Britain leaves the EU. Any efforts made to ease the situation will be time-dependent and will not improve the situation for tourists or Britons with second homes in the EU. Following March 29, should a deal not have been made, contingency measures will be...
19 Dec at 6 PM 2018

UK now cheaper for expats due to Brexit effect on sterling

A recently released new survey has revealed the UK is now one of Europe’s cheapest countries for expat workers. Expat professionals living and working in London have seen a welcome drop in the capital’s cost of living due to Brexit, with the city dropping 81 places to 127th in the latest worldwide cost of living survey. Formerly one of the world’s most expensive destinations for expatriates, London is expected to drop still further in the rankings after 29 March next year. Visitors and incoming workers from Europe will now find...