Middle East expats feeling economic pinch

Professional Adviser
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Two-thirds of expat workers in the Middle East say the current global economic worries are having an impact on their financial priorities.

The latest research from Zurich International’s Expatriate Wealth Monitor, which surveyed 700 expats in the Gulf region and includes expats in Qatar for the first time, showed 37% saw saving for the future as their top priority at present, with a further 19% most focused on clearing debt. In the United Arab Emirates, the home of the majority of the expats surveyed, 30% said they were spending less on luxuries such as eating out, holidays and sports cars, and 70% said they are putting more into planning for their children’s education. But as in previous surveys, expats are still not gettin...

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