public and private sectors

UK banks ‘handled’ $740m in laundered Russian money

London - Arab Today

Several British banks allegedly processed nearly $740 million in a multi-billion dollar Russian money-laundering scam, The Guardian newspaper reported on Monday. According to documents obtained by the Organized Crime and Corruption Reporting Project, at least $20 billion was moved out of Russia between 2010 and 2014 in a vast criminal operation called “The Global Laundromat.” The scam involved over 500Read more

Misr el Kheir to cover expenses of ferrying bodies of expats back home

Cairo - Arab Today

The Misr el Kheir Foundation will cover all expenses to ferry back home bodies of Egyptian expats, said Immigration Minister Nabila Makram Monday. Many Egyptians have trouble bringing back home the bodies of their loved ones at state expense because they have to submit certificates to prove that families of the deceased are poor, Makram said. She was speaking duringRead more

‘Cyber attacks pose challenge

Riyadh - Arab Today

The newly appointed EY advisory leader for Africa, India and the Middle East (AIM), Gerard Gallagher, has said that cyber threats are one of the top challenges facing businesses in the emerging markets. “EY is in the process of establishing a cybersecurity operations center in MENA to help (its) clients against online threats,” Gallagher said in an interview with Arab News.Read more

Saudi privatization workshop attracts public, private sector officials in Riyadh

Riyadh - Arab Today

More than 100 senior officials from the public and private sectors participated in the two-day Saudi Privatization Summit on Wednesday. Privatization of key sectors such as health care, education, postal services, airports, cultural tourism and municipality services with significant private sector involvement through Public-Private Partnerships (PPP) are the prime focus of the summit. Nispana Innovative Platforms hosted the workshop andRead more

Bahraini king: GCC-British summit to boost cooperation

Manama - Arab Today

Bahraini King Hamad bin Isa al Khalifa said that the first summit of the Gulf Cooperation Council (GCC) and the United Kingdom in Bahrain will push forward the march of historical cooperation that started more than two hundred years ago, the Bahraini news agency BNA reported. "Holding such a summit is a sound decision in view of the importance ofRead more

Dow workshop addresses Saudi urban infrastructural challenges

Riyadh - Arab Today

More than 60 senior representatives from the public and private sectors in Saudi Arabia recently converged in a workshop in Riyadh, designed to share and showcase Dow’s innovative solutions in addressing Saudi urban infrastructural challenges and underscore Dow’s commitment and support to the Kingdom in achieving its Vision 2030. Entitled “Supporting Vision 2030: Energy Efficiency and Advanced Local Manufacturing,” theRead more