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New Saudi law boosts efforts to combat financial fraud


New Saudi law boosts efforts to combat financial fraud
Dimah Talal Al-Sharif
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https://arab.news/65p5h
Authorities in Saudi Arabia last week approved a new law designed to combat financial fraud and breach of trust. The new legislation defines all aspects of financial crimes in detail and sets out the maximum penalties, while attempting to take into account the rapid pace of technological advances around the globe.
The Saudi Central Bank defines fraud as “any act involving deceit to obtain a direct or indirect financial benefit by the perpetrator or by others with his help, causing a loss to the deceived party.” ....

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Violators of anti-commercial concealment law given last chance


Violators of anti-commercial concealment law given last chance
Dimah Talal Al-Sharif
Short Url
https://arab.news/bwnfm
Saudi authorities are working relentlessly to combat commercial concealment to ensure a transparent business environment in the Kingdom.
Commercial concealment is defined as any illegal business practice that enables non-Saudi individuals or businesses to illegally engage in commercial activities.
The Saudi Ministry of Commerce recently announced new regulations that offer a way for such operators to rectify their status via a series of easy steps.
The rules include a corrective period that ends on Aug. 23 during which time violators can correct and legalize their status. ....

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Nazaha oversees 176 arrests in Saudi corruption crackdown


Philosophers from outside the Arab world contributed to the first issue, specifically from Germany and the US
Updated 14 April 2021
April 13, 2021 23:11
JEDDAH: Saudi Arabia’s first philosophy journal has been issued, with its editor-in-chief saying that the country was witnessing a “tangible philosophical renaissance.”
The Saudi Journal of Philosophical Studies (SJPS) was launched by the cultural platform Mana, which was set up two years ago.
According to its editor in chief, Sarah Al-Rajhi, the principal aim of the journal was to help researchers in the Kingdom, the Arab world and the West to publish their work without any financial cost and in line with accurate scientific standards. ....

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