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 GEA chief named most influential personality of last decade at MENA Effie Awards
- Turki Alalshikh’s contribution to Kingdom’s entertainment sector honored
RIYADH: The head of Saudi Arabia’s General Entertainment Authority was named the most influential personality of the last decade at the MENA Effie Awards ceremony in Riyadh, the Saudi Press Agency reported.
The event, which was held on Thursday as part of this year’s Riyadh Season calendar, honored Turki Alalshikh’s contribution to the Kingdom’s entertainment sector and its emergence as a global hub for world-class events, the SPA added.
Alalshikh thanked Saudi Arabia’s leadership for their support in his acceptance speech, attributing the achievement to the “collaborative efforts of the nation’s people.”
He added that the recognition was a nod to the Kingdom’s growing global stature in the entertainment sector.
The 15th year of the MENA Effie Awards, which were hosted in Saudi Arabia for the first time, celebrated innovation and excellence in the marketing and advertising sectors across the Middle East and North Africa.
This latest accolade followed Alalshikh’s recent distinction as one of the 50 most influential figures in the world of boxing and mixed martial arts, awarded by the British online newspaper The Independent earlier this year.
Under Alalshikh’s leadership, the GEA has transformed the Kingdom’s entertainment sector, with Riyadh Season becoming a flagship event attracting millions of visitors each year.
Gaming community in Saudi Arabia catches them all with Pokemon Go
- Maan Al-Qurashi, one of the community leaders at Pokemon Go Saudi, told Arab News that the game holds a special place in his heart because he has played different versions for more than 20 years
RIYADH: The official launch of Pokemon Go in Saudi Arabia has brought together a community of gamers who have embraced their inner child while competing and connecting in a world of nostalgic adventure.
Pokemon Go is an augmented reality game that creates an immersive experience of a world where human beings co-exist with colorful creatures with otherworldly superpowers, known as Pokemon.
The game, launched internationally in 2016, uses GPS to track movement and invites players to travel to real-world locations to catch Pokemon and battle with others.
A local gaming group, “Pokemon Go Saudi,” has created a lively community with members from Riyadh and the Eastern Province who have a shared love of the game.
Maan Al-Qurashi, one of the community leaders at Pokemon Go Saudi, told Arab News that the game holds a special place in his heart because he has played different versions for more than 20 years.
“Pokemon accompanied me in all stages of my life, from childhood to teenager, and still is a part of my daily life after marriage. Hopefully, I will pass down the same passion to my kids.”
HIGHLIGHT
Pokemon Go is an augmented reality game that creates an immersive experience of a world where human beings co-exist with colorful creatures with otherworldly superpowers, known as Pokemon.
Al-Qurashi said Pokemon Go Saudi began with 10 members in 2017, after the international launch of the game.
Today, the community comprises a diverse group of 500 members from all age groups who have made lasting friendships with their Pokemon partners. As a team, they go on adventures, train to improve their skills, and battle in friendly competitions.
Al-Qurashi said that it is more than a game. It is a community that fosters growth and friendship.
“Multiple in-person activities and relationships have been linked to Pokemon Go. For example, the daily routine is not only going to work and staying with family, it includes playing Pokemon Go even if it’s for a few minutes during the day or an hour or so.”
Last week, more than 5,000 Pokemon Go fans gathered at Boulevard City to celebrate the official launch of the Saudi application. Omar Tellez, vice president at Niantic, said that the event was the largest Pokemon Go event of its kind in the region to date.
“Seeing the joy of the thousands of attendees, of all ages, has been such a delight. The success of today’s event is a testament to the popularity of Pokemon Go here in the Kingdom. The community has really responded.”
Fans from more than 20 countries around the globe registered at the event.
“It’s been incredible to see them unite to catch some of their favorite Pokemon and enjoy their time together in person. That’s what our game is all about.
“We have loved seeing their passion and excitement firsthand – whether through cheering on their teams during the PvP battles, or celebrating that iconic button-press moment — or join forces to catch Mewtwo as the legendary Pokemon took over the Boulevard Screens. The atmosphere was truly something special,” Tellez said.
Saudi Arabia is experiencing incredible growth in gaming with more than 67 percent of the population — more than 23.5 million people — being passionate gamers, Tellez said.
“We are excited to welcome many of them into our global trainers community, and we know this event is just the start of our adventure together as we create new experiences and ways for them to connect here in KSA.”
Today, more than 100 million people play Pokemon Go every year in more than 150 countries and regions, making for more than a billion downloads. Trainers have walked more than 8 billion kilometers collectively while playing the game.
Saudi Orchestra dazzles audiences in Tokyo
- Hosted with support of Prince Badr bin Abdullah bin Farhan, Saudi minister of culture
- Concert culminated in collaboration between Saudi Orchestra and Tokyo University of Music Orchestra Academy
TOKYO: The Saudi National Orchestra and Choir gave a finale performance on Friday at the Tokyo Opera City Theater of its “Masterpieces of the Saudi Orchestra” concert, Saudi Press Agency reported.
The Tokyo show marked the fifth leg of the Saudi Orchestra’s global run, following critically acclaimed performances in Paris, Mexico City, New York City, and London.
Hosted with the support of Prince Badr bin Abdullah bin Farhan, Saudi minister of culture and chairman of the board of directors of the Saudi Music Authority, the event showcased a blend of the Kingdom’s rich musical heritage and Japan’s renowned musical traditions, SPA added.
The concert featured 100 musicians and performers, and attracted an audience of officials, business leaders, media professionals, and music enthusiasts.
Paul Pacifico, CEO of the Saudi Music Authority, praised the global impact of the Masterpieces of the Saudi Orchestra performances in his address at the event.
He said the concerts had introduced Saudi musical heritage to the world and represented a step toward sharing the Kingdom’s diverse traditions on an international stage.
The evening featured a performance by the Japanese Imperial Orchestra, presenting ancient Japanese court music with a history spanning over 1,300 years.
The Saudi National Orchestra and Choir also performed an anime medley infused with Saudi musical motifs, followed by a performance of the theme of AlUla, composed by celebrated artist Omar Khairat.
The concert culminated in a collaboration between the Saudi Orchestra and the Tokyo University of Music Orchestra Academy, alongside Japanese artist Hotai.
The Saudi Music Authority said it has plans to continue the tour in new destinations in the coming years.
Riyadh Design Law Treaty signed at intellectual property conference in Saudi Arabia
- Document aims to enhance designers’ rights, unify design registration procedures
RIYADH: Member states of the World Intellectual Property Organization officially adopted the Riyadh Design Law Treaty on Friday, the Saudi Press Agency reported.
The treaty, which aims to enhance designers’ rights and unify design registration procedures, was finalized at the Diplomatic Conference to Conclude and Adopt a Design Law Treaty at the King Abdulaziz International Conference Center in Riyadh, which finished on Friday.
By establishing a robust legal framework, the Riyadh treaty is set to bolster innovation and creativity across multiple industries worldwide, the SPA added.
Abdulaziz Al-Suwailem, the CEO of the Saudi Authority for Intellectual Property, spoke of the significance of the treaty’s adoption.
He said: “The name Riyadh treaty reflects Saudi Arabia’s pivotal role as a bridge between cultures and a hub for supporting global initiatives.
“Adopting this treaty is a historic achievement highlighting Saudi Arabia’s cooperation and contribution to the international intellectual property framework. It opens new avenues for collaboration among member states.
“This treaty will lay the foundation for vital legal frameworks that benefit designers and bolster innovation and creativity worldwide.”
The event, which was hosted by the SAIP, gathered high-level representatives and decision-makers from the WIPO’s 193 member states.
Environment minister opens international dates exhibition in Riyadh
- About 100 local, international bodies participating
RIYADH: Saudi Arabia’s environment minister has opened an exhibition in Riyadh which showcases a range of date products and their history.
Abdulrahman Al-Fadli, the Saudi minister of environment, water and agriculture, officially opened the International Dates Conference and Exhibition 2024, organized by the National Center for Palms and Dates. It runs until Nov. 28 with about 100 local and international entities participating.
It is a “global platform to showcase Saudi dates, drive innovation in their processing industries, and enhance their global export potential,” according to organizers.
The exhibition aims to enhance the competitiveness of Saudi products, contributing to the development of the palm and dates sector as a key pillar in driving economic growth.
Visitors can taste date varieties from the different regions of the Kingdom, including Al-Ahsa, Al-Qassim, AlUla, and Al-Jouf.
The exhibition also includes a variety of entertainment activities such as folklore shows, regional poetry, and cooking competitions.
On the sidelines of the opening ceremony, a carbonated sugar-sweetened date drink was launched by Al-Madinah Heritage Company, a subsidiary of the Public Investment Fund.
The exhibition also features a museum which takes visitors on a journey through time to explore the history of palm trees and dates over 1,000 years.
The museum showcases manuscripts and agricultural tools that highlight the significance of dates in daily life and literary culture.
It also houses archaeological collections showing the different uses of palm trees through the ages, including as tools.
In addition, there is a live cooking area that brings together local and international chefs to present a range of date-based dishes.
Al-Fadli, along with several officials and foreign delegations, toured the exhibition’s pavilions and explored a range of date-based products, such as juices, baked goods, and date chocolate.
