Beware of new tricks used by expat con men

March 9, 2015

Alkhobar, Mar 9: If you are approached by a well-clothed young man explaining his medical condition in fluent English, don’t dish out any money to help that “needy.”

Expat con men copy

Con men operating in the Eastern Province have taken beggary to a new level. Panhandlers of various nationalities, with a convincing tone, claim to be university students suffering from chronic diseases and in need of treatment.

These beggars in their 20s and 30s have been seen lately in the city’s Corniche area, close to restaurants, ready to approach diners.

According to witnesses, they carry around papers to prove they are students taking important courses at universities in the region.

They claim they are not asking for money for food or other needs, but to get treatment for chronic diseases. They even say they are ready to pay back any money given to them through their respective embassies in Riyadh.

Many of these con men claim they prefer to access medical care and treatment in government hospitals, which prohibit the treatment of expatriates. For treatment at private hospitals, they seek money from unsuspecting do-gooders.

“Such cases are handed directly by police and representatives of the Ministry of Social Affairs and Haia, who conduct field visits and hand over identified cases to relevant authorities,” Col. Ziad Al-Riqaiti, spokesman of the Eastern Province Police, told Arab News.

“It’s important to fight this phenomenon. Citizens and residents should not encourage that. If they are genuine needy, they should be reported to authorities concerned so that they are provided with assistance by the region’s charities.”

Meanwhile, police in the Eastern Province have arrested 278 beggars during the first quarter of the year, out of which 72 percent are Saudis, and the majority are women.

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News Network
January 12,2020

Dubai, Jan 12: Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a so-called "greenshoe option" to sell millions more shares to meet investor demand.

The company said that the sale of an additional 450 million shares took place during the initial public offering process.

The oil and gas company, which is majority owned by the state, began publicly trading on the local Saudi Tadawul exchange on December 11. It hit hit upwards of $10 a share on the second day of trading. This gave Aramco a market capitalization of $2 trillion, making it comfortably the world's most valuable company.

Aramco's additional sales mean the company has publicly floated 1.7% of its shares. It's IPO, even before the added sales, was the world's largest ever.

The shares sold in the over-allotment option "had been allocated to investors during the book-building process and therefore, no additional shares are being offered into the market today," Aramco said.

Company shares traded down on Sunday, dipping to around 34.7 riyals, or $9.25 a share, amid heightened tensions in the Persian Gulf between Iran and the United States. Aramco was a target of rising tensions over the summer when a missile and drone attack, which Saudi Arabia and the US blame on Iran, temporarily halved its production.

Sunday's trading figures value Aramco at $1.85 trillion, still well ahead of Apple, the second largest company in the world after Aramco, but below the $2 trillion mark sought by Crown Prince Mohammed bin Salman.

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News Network
March 16,2020

Cairo, Mar 16: Saudi crown prince Mohammed bin Salman said G20 summit will work to combat coronavirus and coordinate efforts to ease its economic burdens, state news agency SPA said on Sunday.

In a phone call with British Prime Minister Boris Johnson, Salman discussed international efforts to fight the flu-like disease, saying the next G20 summit, which will be hosted by the Kingdom, will work on finding medical solutions, SPA added.

The G20 Summit is an annual gathering of representatives of the world's largest economies.

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Agencies
July 5,2020

Iraq’s deputy parliament speaker Hassan Karim al-Kaabi on Saturday described the move as provocative and in violation of international law.

Kaabi also called on the Iraqi government to take swift measures to halt such actions.

The Embassy’s move to fire in a residential area in the heart of Baghdad is an unacceptable act and another challenge for the Arab country, adding to the mass of its provocations and illegal actions in Iraq, he noted.

According to Iraqi media, the US tested a patriot missile system inside Baghdad’s heavily fortified Green Zone.

Anti-US sentiments have been running high in Iraq since Washington assassinated top Iranian commander Qassem Soleimani and the second-in-command of the Iraqi popular mobilization units, Abu Mahdi al-Muhandis, in January.

Following the attack, Iraqi lawmakers unanimously approved a bill on January 5, demanding the withdrawal of all foreign troops.

Baghdad and Washington are currently in talks over the withdrawal of American troops. Iraqi resistance groups have vowed to take up arms against US forces if Washington fails to comply with the parliamentary order.

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