Search Results for: Lebanese

The nearly two-month long Israeli military attacks on Lebanon, an escalation of a year-long conflict between Israel and Lebanese Shia militant group Hizbullah, has hit the country’s higher education sector hard. The impact is all the worse given Lebanon’s universities and colleges have been struggling with financial and economic problems for the past five years.…

The October 7, 2023, attacks on Israel, and Israel’s wars in Gaza and Lebanon, have hit the country’s higher educational sector hard, with roughly a quarter of all students, as well as faculty, called up to the armed forces, while budget cuts are expected as more money is allocated to the military.…

The paint markets of the Levant – Syria, Lebanon, Israel and Palestine (now recognised by the UN as a state, even though it has no unified governance) – are all reeling from ongoing conflict and economic instability. The more developed and export-orientated markets of Lebanon and Israel are however releasing new innovative paint products.…

Since the Hamas-led attack on Israel on 7 October 2023, and the ensuing Israeli war on Gaza, the Palestinian banking sector has been caught in the crosshairs. Meanwhile, Hamas continues to get funding as the war enters its 10th month.

The Palestinian banking sector, overseen by the Palestinian Authority (PA), has been under heightened pressure from the Israeli government following the Hamas-led attacks.…

A UK High Court judge has condemned Emirati-Lebanese shipbuilder Privinvest over its role in the ‘tuna bond’ corruption scandal that landed Mozambique with USD2 billion in hidden debts, crashing its previously buoyant economy in 2016 when it defaulted on an IMF loan.…

As wars and civil wars intensify worldwide, international and national sanctions are being issued thick and fast and are expanding in scope and complexity. Financial institutions are scrambling to keep up, while regulators are clamping down hard on sanctions violators. The outlook is for a broadening of sanctions ahead.…

Money launderers continue to develop layering techniques to insert criminal proceeds into legitimate financial transactions, and these typologies are becoming increasingly varied.

‘Cuckoo smurfing’ is one new technique attracting attention, for instance, said a briefing note from Australian FIU Austrac (1).…

The professional life of a money laundering reporting officer (MLRO) is of critical importance to the organisations that they serve, but many of their colleagues in separate roles maybe unaware of what happens in the typical day of an MLRO. Shilpa Arora, Senior Director of Anti-Financial Crime Segment Solutions at ACAMS (Association of Certified Anti-Money Laundering Specialists) stressed that a key element of MLRO work is not necessarily actively hunting down dirty money flows, but consultation.…

The Muslim world is extremely diverse culturally, so it is no surprise that colour cosmetics trends are many and varied. However, one clear universal trend is that Muslim women are on average becoming more knowledgeable about make-up, especially with internet influencers spreading advice on products and techniques.…

Global haircare brands are starting to recognise a gap in the Muslim market as they launch products for hijab-wearing women and include them in marketing campaigns. L’Oréal’s Kérastase is the latest international brand to target this segment, having positioned its first anti-hair fall (loss) range, Genesis, to appeal to hijab-wearing women in Malaysia.…