UNHCR to hold meeting on MENA child refugees

Updated 21 August 2014

UNHCR to hold meeting on MENA child refugees

The United Nation High Commission for Refugees (UNHCR) will hold a regional conference under the slogan “investing in the future” to protect child refugees and teens from war-torn regions, on Oct. 15 and 16 in Sharjah, United Arab Emirates.
The event, which will see the participation of over 300 leaders, government officials and regional and international experts involved in refugee affairs and child protection in war zones, will be held under the patronage of Sheikh Sultan Al-Qasimi, member of the Supreme Council and ruler of Sharjah, and Sheikha Jawaher bint Mohammed Al-Qasimi, wife of the ruler of Sharjah and UNHCR eminent advocate for refugee children.
The conference will discuss ways of protecting refugee children and adolescents in the Middle East and North Africa (MENA) region.
António Guterres of the UNHCR said that this conference comes at a crucial time.
“Children currently constitute more than half of refugees in the region,” he said. “The impact of displacement is immense on these children’s childhood.
As such, the aim of this event is not only to determine how we can work together to better protect refugee children and adolescents today.


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”