Israeli bank to pay $195M for US tax-avoidance scheme
One of Israel's largest banks has agreed to pay $195 million for helping U.S. citizens avoid paying taxes by stashing…
Regulation, Risk & Compliance
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UAE banking sector remained positive during the fourth quarter of 2018
Financial safety indicators for the UAE banking sector remained positive during the fourth quarter of 2018 after the UAE Central…
UAE legal overhaul could trigger adviser exodus
With up to 80% of current advisers getting ready to leave the market and life insurance companies under mounting pressure,…
UAE to allow flexibility in fund distribution
The UAE will allow flexibility for distribution of domestic funds by asset management companies by allowing passporting of funds under…
Watch: Dubai warns residents of these top 3 scams
Scammers will go to great lengths to lure victims; make sure you read these tips to avoid falling into their…
Central bank sees UAE GDP growth at 3.5% in 2019
The UAE's GDP will expand 3.5 per cent this year compared to 2.8 per cent in 2018, thanks to a…
Kuwait Refuses Release of Female CEO Held Over a Year on False Charges
The Port Fund confirmed today that a Kuwait court has refused to release Marsha Lazareva, a prominent member of the…
Aramco’s board to meet to approve SABIC bond plan
Saudi Aramco’s board is set to meet this week in Saudi Arabia where it will approve a bond issuance plan…
Egypt’s first sovereign wealth fund to tap unused assets
Seeking an efficient mechanism to utilize the state’s unused assets, Egyptian Prime Minister Mostafa Madbouly issued regulations for the country’s…
Dubai-based Oman Insurance says blocked from Qatar
Dubai-headquartered Oman Insurance Co has been banned from selling insurance in Qatar after the Gulf Arab state's central bank rejected…
EU to add Bermuda, Aruba to tax haven list, Italy against EAU listing
European Union finance ministers are set to add the British overseas territory of Bermuda and the Dutch Caribbean island of…
OurCrowd and Social Finance Israel Launch $30M Impact Fund
OurCrowd, a global investment platform and venture investor, is partnering with Social Finance Israel, an Israeli impact advisory firm, to…