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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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 Posted: Thu Oct 22, 2009 7:56 pm Post subject: Middle Eastern Salaries all USD or pegged to the US dollar? |
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I am getting closer and closer (basically in my need for cash) to just doing the dirty deed and heading out to Saudi, more or less aware of the psychological destruction which will be wrought within my soul....but anyway... 
I have consistently noticed that all salaries are either in USD or in a local currency, which in turn in pegged to the dollar. Unfortunately, all my expenses and future plans are in � and � so earning green backs with the current and future (even worse) devalued USD is NOT good for me or my future plans. Is there anyway (other than Saudi getting some sense and dropping the green back) to negotiate a salary in Euros?
I am sorry if my question is weird or out there and as always I appreciate the input here! Cheers!
Last edited by Deicide on Thu Oct 22, 2009 8:47 pm; edited 1 time in total |
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Never Ceased To Be Amazed
Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...
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| Posted: Thu Oct 22, 2009 8:37 pm Post subject: |
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♫If you wish upon a star...♫
NCTBA |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Oct 22, 2009 8:47 pm Post subject: |
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| Never Ceased To Be Amazed wrote: |
♫If you wish upon a star...♫
NCTBA |
I don't do that. I am way too cynical for that. |
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veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
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| Posted: Thu Oct 22, 2009 9:19 pm Post subject: |
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Salaries are pretty much always in local currency. I have heard of a very few US companies that may pay in US$. But all of the Gulf currencies are pegged on the dollar, so it is about the same thing.
There may be some oil company jobs (Libya?) that pay in pounds sterling.
VS |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Thu Oct 22, 2009 9:31 pm Post subject: |
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| veiledsentiments wrote: |
Salaries are pretty much always in local currency. I have heard of a very few US companies that may pay in US$. But all of the Gulf currencies are pegged on the dollar, so it is about the same thing.
There may be some oil company jobs (Libya?) that pay in pounds sterling.
VS |
Have seen some but they require some super/duper qualifications out of this world...at least ones I don't have. Still, something to consider...what about working directly on an oil rig? Ever known anyone who has done that? |
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veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
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| Posted: Thu Oct 22, 2009 10:57 pm Post subject: |
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Do you mean teaching on a rig? Or doing whatever it is that they do out there to get the oil out of the bottom of the sea? Can't say that I have met either... 
VS |
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PattyFlipper
Joined: 14 Nov 2007
Posts: 572
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| Posted: Fri Oct 23, 2009 8:45 am Post subject: |
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| veiledsentiments wrote: |
Salaries are pretty much always in local currency. I have heard of a very few US companies that may pay in US$. But all of the Gulf currencies are pegged on the dollar, so it is about the same thing.
There may be some oil company jobs (Libya?) that pay in pounds sterling.
VS |
BAe pay in sterling, with a daily 'living allowance' in riyals. Libyan oil companies generally pay in dollars. |
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eflnoil
Joined: 08 Nov 2008
Posts: 23
Location: AKTAU
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| Posted: Fri Oct 23, 2009 8:49 am Post subject: |
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| Quote: |
| ....... what about working directly on an oil rig? Ever known anyone who has done that? |
Done that. First time was cool. Subsequent occasions pretty dull. Not like you can mosey off to a bar or sumfink. Send P.M. if u have any particular qs. |
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Deicide
Joined: 29 Jul 2006
Posts: 1005
Location: Caput Imperii Americani
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| Posted: Fri Oct 23, 2009 9:21 am Post subject: |
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| veiledsentiments wrote: |
Do you mean teaching on a rig? Or doing whatever it is that they do out there to get the oil out of the bottom of the sea? Can't say that I have met either...
VS |
Yup, getting your hands greasy....  |
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MrScaramanga
Joined: 12 Oct 2007
Posts: 221
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basiltherat
Joined: 04 Oct 2003
Posts: 952
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| Posted: Fri Oct 23, 2009 1:13 pm Post subject: |
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| Quote: |
| Libyan oil companies generally pay in dollars |
Really ? That's not the impression I get. Overseas workers from Asia .... perhaps, but on the ground here, it appears to be sterling; at least for English trainers. EL Training companies such as Bell, the Council, Kortag, Langsols, Elite College etc all pay in sterling as far as I know.
I doubt whether the Serbian/Bosnian nurses here would be paid in dollars either.
My impression is that there are currently far more European oil/gas rotational guys here than North American; thus currencies other than the dollar would seem more appropriate for them.
Best
Basil  |
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veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
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| Posted: Fri Oct 23, 2009 2:08 pm Post subject: |
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I forgot that you are teaching in Libya Basil... do you work those shifts where you have a month or two on... then time off?
I had forgotten that one too (memory going more rapidly by the moment). I make no claims of ever understanding currency markets, but I looked at some graphs from the Yahoo conversion site and it appears that this change has benefited those living on US$ and made it even worse for those on the Euro. (when it was pegged I recall it was 3.30 and today it is 3.50)
I wonder how that transfers to those on the ground...
VS |
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otuzbirci
Joined: 20 Oct 2009
Posts: 28
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| Posted: Fri Oct 23, 2009 2:47 pm Post subject: |
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| PattyFlipper wrote: |
| veiledsentiments wrote: |
Salaries are pretty much always in local currency. I have heard of a very few US companies that may pay in US$. But all of the Gulf currencies are pegged on the dollar, so it is about the same thing.
There may be some oil company jobs (Libya?) that pay in pounds sterling.
VS |
BAe pay in sterling, with a daily 'living allowance' in riyals. Libyan oil companies generally pay in dollars. |
NO, bae pay in pounds but you can receive part of your salary in riyals but it is paid into a local account on that day`s exchange rate. |
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basiltherat
Joined: 04 Oct 2003
Posts: 952
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| Posted: Fri Oct 23, 2009 2:59 pm Post subject: |
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| Quote: |
| do you work those shifts where you have a month or two on... then time off? |
Yep. Hitches where I am are a 2 to 1 ratio. My previous rotational gig was 3 to 1, so a slight improvement. Mind you, the one before wasn't in Libya, so i guess it balances out in the end.
Best
Basil |
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PattyFlipper
Joined: 14 Nov 2007
Posts: 572
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| Posted: Sat Oct 24, 2009 7:12 am Post subject: |
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| basiltherat wrote: |
EL Training companies such as Bell, the Council, Kortag, Langsols, Elite College etc all pay in sterling as far as I know. |
Bell, the BC and Elite are not oil companies though, are they?
| basiltherat wrote: |
| Really ? That's not the impression I get. |
I bow to your more current knowledge. It is years since I worked in Libya, and then everyone seemed to be paid in dollars; due, no doubt, to the stronger North American presence at that time. |
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