Israeli Beneficiaries Subject to New Tax
For the first time, U.S. (and other) foreign trusts with Israeli beneficiaries will be liable for a substantial income tax.…
Regulation, Risk & Compliance
8951 articles found
Israel’s Bank Leumi Boosts Provisions for U.S. Tax Probe
Bank Leumi Le-Israel Ltd. said it’s setting aside more cash to cover the costs of an investigation by New York’s…
Bahrain offers one of the GCC's lowest operating cost environments for the financial services sector
A new report released by KPMG concludes that Bahrain has one of the lowest costs of operating a financial services…
UAE banks close to resolving credit bureau liability issue
Banks in the United Arab Emirates are close to resolving a liability issue over information provided by the Gulf Arab…
Identity crisis for Islamic finance
Islamic finance is flourishing as corporate and retail demand booms, but some question whether the industry is abandoning the values…
Asian bankers call for focus on complementary role
The thirty-first Asian Bankers Association (ABA) general meeting and conference hosted by Bank Muscat, the leading financial services provider in…
UAE launches money-laundering crackdown
United Arab Emirates banks have been banned from doing business with some Islamist groups including the Muslim Brotherhood, their representative…
Islamic finance body AAOIFI to revise four standards, eyes sukuk
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first…
Bahrain’s GFH completes capital reduction plan, cuts losses
It had received approval from the Bahraini authorities for the step, which reduces the nominal value of its shares by…
Qatar moves to increase business regulation
Qatar has approved draft legislation that increases the regulatory burden on small businesses, weeks after the Gulf state fell 11…
FAAIF Introduces the Dubai World Islamic Finance Arbitration Center in Europe
Camille Paldi, CEO of FAAIF introduces a proposal for a dispute resolution mechanism for the Islamic finance industry, namely, DWIFAC,…
Qatar moves to increase business regulation
Qatar has approved draft legislation that increases the regulatory burden on small businesses, weeks after the Gulf state fell 11…