RIYADH: Bank fraud is low in the Kingdom compared to rising rates in other countries, Saudi Banks, the nation’s association of bankers, said on Thursday.
While money transfer fraud, ATM and online banking fraud have become a worldwide threat, prudent banking measures meant the country had one of the world’s least-registered rates of financial fraud, a Saudi Banks spokesman said.
Talat Zaki Hafiz, the secretary-general of the media and banking awareness committee for Saudi Banks, was speaking at the launch in Riyadh of the ninth public awareness campaign, “Mo_Alaina”, about the risks of financial and banking fraud.
“This campaign is basically aimed at educating the public about the techniques of banking fraud, how to deal with it and avoid it by being cautious while using an ATM or making online transactions,” he said.
“In doing this we are not trying to scare people, but just alerting them to banking fraud. We have had some cases reported in the Kingdom which we need to avoid, for example an unknown person asking to transfer money to an unidentified account saying he has no account.”
“If you take the number of total transactions taking place on a daily or a yearly basis, the number in the Kingdom is in the acceptable range, especially if you compare it to the global standard,” he said.
Hafiz said that financial fraud was on the rise and had become a costly burden to the world economy. In 2016, financial fraud cost companies around the world 5 percent of their annual revenue — $6.3 billion annually.
Ibrahim Saad Abu Muti, head of the banking information and awareness-raising team at Saudi Banks, said that this year’s campaign will deal with fake and unlicensed investments.
Saudi Arabia ‘has one of world’s lowest bank fraud rates’
Saudi Arabia ‘has one of world’s lowest bank fraud rates’
Saudi Arabia embassy resumes diplomatic activities in Afghanistan
- Saudi Arabia to 'provide all services to the brotherly Afghan people'
- Ties between Saudi Arabia and Afghanistan date back to 1932
RIYADH: The Saudi embassy in the Afghani capital, Kabul, resumed its diplomatic activities on Sunday.
"Based on the desire of the government of the Kingdom of Saudi Arabia to provide all services to the brotherly Afghan people, it has been decided to resume the activities of the mission of the Kingdom in Kabul starting on December 22," the embassy posted on X platform on Sunday.
Ties between Saudi Arabia and Afghanistan date back to 1932 when the Kingdom became the first Islamic country to provide aid to the Afghan people during their ordeals.
In recent years, Saudi Arabia launched numerous projects in Afghanistan through its humanitarian arm KSRelief, focusing on aid relief, health, education services, water and food security.
Riyadh also participated in all international donor conferences and called for establishing security and stability in Afghanistan following years of armed conflicts.
Saudi Arabia withdrew its diplomats from Kabul in August 2021 when the Taliban returned to power in Afghanistan following the US withdrawal from the country.
However, it said it was resuming consular services in the country in November 2021 and also provides humanitarian aid through its King Salman Relief Center organization.
Saudi delegation led by Royal Court advisor meets with Syria’s Al-Sharaa
- Earlier this week, Al-Sharaa praised progress made by Saudi Arabia
RIYADH: A Saudi delegation headed by an advisor from the Royal Court met with the head of the new Syrian administration, Ahmed Al-Sharaa, at the People’s Palace in Syria on Sunday, according to an Al Arabiya report.
Earlier this week, Al-Sharaa praised progress made by Saudi Arabia and neighboring Gulf countries in an interview with Asharq Al-Awsat.
“We admire the development in Gulf countries, particularly Saudi Arabia’s bold plans and vision, and we aspire to achieve similar progress for Syria,” he told the newspaper’s Bissane El-Cheikh during an interview the the Presidential Palace in Damascus.
“There are many opportunities for cooperation, especially in economic and developmental areas, where we can align our goals,” he added.
Shattering expectations: Saudi artist’s journey into glass art
- Aseel Al-Maghlouth breaks glass to break through in the local art scene
RIYADH: Saudi artist Aseel Al-Maghlouth is hammering a niche for himself by using glass as his canvas.
He stumbled upon the technique while working on his graduation project in mechanical engineering. “I discovered the potential to employ broken glass to create distinctive artistic designs,” he told Arab News.
The intricate details that appear when glass breaks inspired him to create shapes and visuals and developed a technique that reflected his artistic vision.
Al-Maghlouth had a love for drawing from a young age, but it was not until he discovered his ability to express ideas in unconventional ways that his true passion for art crystallized.
“I have always drawn inspiration from the surrounding nature and the intricate details of daily life,” he said. This connection to his environment, combined with his experiences in exploring artworks, helped shape his unique style.
He finds beauty in the mundane and translates that into his creations, often using glass to convey emotions and narratives that might resonate with viewers.
HIGHLIGHT
By embracing the fragility of glass and transforming it into something beautiful, Saudi artist Aseel Al-Maghlouth challenges perceptions of what art can be.
Al-Maghlouth has gained significant recognition on social media, where his works are widely admired.
This newfound fame has allowed him to sell his works and create custom pieces for clients, including various artists and celebrities. “Creating for such esteemed individuals is an honor, and it motivates me to push my artistic boundaries,” he said.
“The best work I own is the painting of Crown Prince Mohammed bin Salman. Frankly, I consider it the most valuable painting I have ever owned, but I refuse to sell it because it was a special gift from me to the crown prince,” he said.
“I have received many offers but I refuse to sell it. As for the rest of my paintings, I prefer not to mention the prices because the value of art for me is not limited to a number. Each painting has its own place and story that distinguishes it.”
One of the greatest challenges Al-Maghlouth faced as an artist was transforming his creations into messages that resonated with his audience. “The biggest challenge was ensuring that my art conveyed a clear idea,” he said.
I want to highlight the beauty of arts in our Saudi culture and connect it with Saudi Vision 2030.
Aseel Al-Maghlouth, Saudi artist
Through experimentation with the nature of glass fractures and the control of his technique, he minimized errors and created pieces that told meaningful stories.
Each strike of the hammer is deliberate, aimed at producing not just a fragment but a narrative that can be interpreted and appreciated by those who view it.
“I want to highlight the beauty of arts in our Saudi culture and connect it with Saudi Vision 2030,” he added, emphasizing the importance of cultural representation in his work.
Al-Maghlouth’s vision for the future is ambitious. He aspires to participate in international exhibitions, representing Saudi Arabia on a global stage. “I dream of organizing a personal exhibition in Riyadh to showcase my works and exchange inspiration with other artists,” he said.
For emerging artists, Al-Maghlouth has simple yet profound advice: “Don’t be afraid of trial and error. Each piece of art reflects a part of you.”
He encourages newcomers to continue developing and learning from every experience, and emphasizes the importance of perseverance in the face of challenges.
His journey is testament to the idea that creativity flourishes in an environment where risks are taken and failures viewed as stepping stones rather than obstacles.
Al-Maghlouth’s work serves as a reminder that art can emerge from the most unexpected materials and methods, encouraging others to explore their creativity without constraints.
By embracing the fragility of glass and transforming it into something beautiful, he challenges perceptions of what art can be.
Al-Maghlouth remains committed to honoring the stories behind each piece, proving that even the most broken fragments can come together to create something truly extraordinary.
Saudi Joint Forces commander meets Yemeni Presidential Leadership Council member for security cooperation talks
- Meeting focused on strengthening cooperation between Joint Forces Command and Yemeni Presidential Leadership Council
RIYADH: Lieut. Gen. Fahd bin Hamad Al-Salman, commander of the Joint Forces, met with Faraj Salmeen Al-Bahsani, member of the Yemeni Presidential Leadership Council, at the Joint Forces Command headquarters in Riyadh on Sunday.
The meeting focused on strengthening cooperation between the Joint Forces Command and the Yemeni Presidential Leadership Council, the Saudi Press Agency reported.
Discussions also centered on enhancing the ongoing support provided by Saudi Arabia through the Joint Forces to promote security and stability in Yemen.
During the reception, Al-Bahsani commended the Kingdom’s role in supporting Yemen’s efforts to achieve stability.
He emphasized the importance of continuing strategic cooperation between the two countries to address the challenges currently facing Yemen.
Al-Bahsani thanked the Saudi leadership for their unwavering support across various fields, noting that this collaboration plays a vital role in advancing stability in Yemen and the wider region, SPA reported.
The meeting underscored the Kingdom’s commitment to fostering peace and stability in Yemen as part of its broader efforts to address regional security challenges, SPA added.
Saudi justice minister announces comprehensive legal system development project
- The minister highlighted a range of training programs offered by the Judicial Training Center and Saudi Bar Association, targeting law graduates and practicing lawyers
RIYADH: The Ministry of Justice, in collaboration with the Saudi Bar Association, has announced the launch of a comprehensive project to review and develop the lawyers’ system, according to Saudi Justice Minister Walid Al-Samaani.
The project aims to strengthen the legal profession by empowering practitioners, improving access to legal services, and keeping up with the Kingdom’s legal, social and developmental advances, Al-Samaani, also chairman of the association, said.
On Sunday, Al-Samaani inaugurated the first Saudi Lawyers Conference in Riyadh, themed “Developments in the Lawyers and Legal Consultations Sector.”
With participation from government and private entities, the two-day conference focuses on the future of the legal profession within the Kingdom’s evolving legislative landscape.
It also highlights the significant impact of professional and educational developments on enhancing the local legal environment and fostering a vibrant business and investment climate.
About 30 experts and specialists are participating, leading discussions on various aspects of the profession. On Monday, 19 workshops will be held, led by specialists to enrich attendees’ knowledge and professional experience.
Al-Samaani said that the renewal of law licenses will be processed automatically and completed within 15 days of a complete application, aiming to empower and support lawyers.
He said that the demand for lawyers had grown significantly and would likely continue with the Kingdom’s expanding business landscape and ongoing developments.
“This growth is tied to strengthening institutional work, enhancing legal foundations, and developing model contracts, documentation systems and legislative tools,” he said.
The minister highlighted a range of training programs offered by the Judicial Training Center and Saudi Bar Association, targeting law graduates and practicing lawyers.
These programs combine practical and theoretical training, including the Lawyer Qualification Program, Lawyer Development Program, Saudi Professional Accreditation for Legal Practitioners, and Cooperative Training Program for university students, among others.
