U.S. tax-evasion probe turns to Israeli banks

The U.S. pursuit of offshore tax evaders is widening to include Israel, where U.S. authorities are scrutinizing three of Israel's largest banks over suspicions their Swiss outposts helped American clients evade taxes, people briefed on the matter sai


Deposit guarantee may stay longer

The UAE government is considering extending a three-year decision to guarantee bank deposits introduced just after the eruption of the 2008 global fiscal crisis to protect its financial system, an official has said.


International law firm opens Istanbul office

The Istanbul office expands the firm's substantial presence in emerging markets and will concentrate on mergers and acquisitions, private equity, capital markets, corporate finance, project finance, and tax.


IMF report exaggerated against money laundering

An experienced local banking industry professional has condemned last week's International Monetary Fund (IMF) report concerning what it claimed is the need for regulatory improvements in Kuwait to protect against money laundering.