Tech tycoon Lynch and Morgan Stanley chairman missing after yacht sinks in Sicily
The 56-meter British-flagged sailing yacht "Bayesian" was anchored with 10 crew and 12 passengers on board when it was struck...
Investigation
Middle East children are at grave risk in cyberworld
Across the region, parents struggle to shield children from unsavory elements prowling the cyber world, as risks grow with the...
Investigation
Investigation
Saudi gang gets 20 years in prison for laundering $4.5bn
A Saudi court sentenced twenty four Saudis and foreigners to up to 20 years in prison for laundering nearly $4.50...
- Group of 24 Saudis and expats channelled illicit funds through factories, companies, institutions and medical clinics
- The court said the group carried out their criminal operations within an organized framework, under the cover of commercial facilities
Research
Five cities poised to become GCC tech hubs
As part of economic transformation, some Gulf countries seek to achieve targets in digital transformation via long-term plans such as...
- The UAE has become a technological leader in hosting the world's largest event, Expo 2020 Dubai.
- In February 2021, 24 global firms had signed agreements to open regional offices in Riyadh.
Investigation
Police rescues Egyptian boy from kidnappers
The Egyptian boy snatched from his mother by two masked men while buying grocery has been reunited with parents, after...
- Video footage captured the terrifying moment two men snatched an eight-year-old boy from his mother’s side on an Egyptian street and bundled into a car
- his desperate mother falling to the floor as she tried to stop her son’s captors from escaping
Investigation
16,000 held in five days for violating Saudi laws
In a wide crackdown against offenders violating various laws of the kingdom, Saudi Arabia has arrested 16,000 people for contravening...
- The authorities transferred 58,317 offenders to their respective diplomatic missions to obtain travel documents
- The Ministry of Interior said that whoever facilitates the entry of violators to the Kingdom, transports them or provides shelter or any other form of support will face imprisonmen
Investigation
Drugs seized at Dammam airport
Alert officials of the Zakat, Tax and Customs Authority at King Fahd International Airport in Dammam have seized more than...
- The authority said that smugglers are “seeking to exploit everything” to smuggle drugs into Saudi Arabia
- The authority said that smugglers are “seeking to exploit everything” to smuggle drugs into the Kingdom
Investigation
GCC seeks to tap green hydrogen demand
The GCC countries see hydrogen as a key factor in fuel transition and have drawn up plans to export green...
- UAE first in GCC to reduce emissions by 24 percent by 2030 and to 50 percent by 2050
- GCC countries have plenty of space, sunshine wind energy in some areas
Investigation
Saudi customs seize drugs at port
Alert officials of Saudi customs prevented an attempt to bring in contraband drugs into the kingdom at Jeddah Islamic Port,...
- The floor of the truck had been hollowed out to hide the pills in
- Two people who were due to receive the drugs were arrested
Saudi British Bank posts $245m net profit in Q2, year after big losses
A year after posting billions in losses, Saudi British Bank (SABB), an affiliate of HSBC Holdings, has posted a sizeable...
Arab economies to grow by 2.9% in 2021, 3.6% in 2022: Report
Uneven recovery is expected as eleven Arab countries will likely recover by the end of 2022, while the recovery path...
‘Potential hijack’ of ship off UAE coast: UK maritime security agency
The MarineTraffic website, which categorises the vessel as an asphalt and bitumen tanker, said it was travelling to Sohar, a...
Tech tycoon Lynch and Morgan Stanley chairman missing after yacht sinks in Sicily
The 56-meter British-flagged sailing yacht "Bayesian" was anchored with 10 crew and 12 passengers on board when it was struck...
Investigation
Company News
Latest News
Cyberthreats put critical infra at risk in Middle East
Top cyber security experts speak to TRENDS about primary threats to critical infrastructure providers and how to build effective defenses.
Investigation
2016 EgyptAir disaster started by cigarette in cockpit: report
An EgyptAir crash in 2016 that killed 66 people in the Mediterranean was likely caused by a fire that started...
Investigation
Solar switch may put off electricity crisis in Lebanon
Lebanon's energy industry sees a loss of up to $2bn every year as state treasury pays over $50bn in advances...
Investigation
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Investigation
REVEALED: Billions of dollars missing from BDL
About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...
- Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
- The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds
Investigation
Iran intensifies cyber espionage in Middle East
Cyberattacks by Iranian spies have become more sophisticated and have intensified against Arab countries, say industry experts.
- Iranian espionage targeted aerospace and telecommunications companies in the Middle East, the US, Russia, and Europe
- Cybereason identified 10 companies impacted during their three-month investigation
Investigation
UAE prosecutors launch probe into Union Properties
The UAE prosecutors have begun an investigation into Union Properties, the Dubai-based real estate developer, after allegations arose of the...
- The prosecutors will also investigate accusations that the firm hid the name of the beneficiary of the sale
- The firm, Union Properties, known for building Dubai Motor City, has not reacted to the start of the investigation