Over a billion pounds of Coke plastic waste to enter waterways: study
Washington, United States -- By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of...
Geostrategy
Beirut blast victims’ relatives rally for probe judge
Families of victims killed in the 2020 Beirut blast rallied to support the judge probing the disaster, after he was...
Geostrategy
Investigation
Money laundering rose during Covid-19 pandemic, says UAE Central Bank
The Central Bank of the United Arab Emirates has disclosed that there has been an increase in the laundering of...
- Report also cites fraud, bribery, corruption, charity and disaster fraud as risks to financial institution
- The report also identified the methods of mitigation, identification and resolution implemented by selected financial institutions to address such risks
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...
Over a billion pounds of Coke plastic waste to enter waterways: study
Washington, United States -- By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of...
Geostrategy
Company News
Latest News
Clean beauty sector grows, so are greenwashing risks
In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic...
Business
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
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Investigation
Marka: From a star UAE retailer to a bankrupt firm
Flouting norms, massive mismanagement and lack of transparency and corporate governance have potential to take any company the Marka Holding...
- The recent Dubai court decision highlights that the funds of shareholders and creditors should be judiciously used. Else, the law of the land will catch you
- In October 2021, the UAE retail and leisure company Marka was declared bankrupt by a local court, and all of its assets were brought into liquidation
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