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Najm Company signs MoU with Naif Arab University to strengthen cooperation in traffic safety
Najm Company signs MoU with Naif Arab University to strengthen cooperation in traffic safety

Zawya

time08-07-2025

  • Automotive
  • Zawya

Najm Company signs MoU with Naif Arab University to strengthen cooperation in traffic safety

Riyadh – Najm for Insurance Services has signed a Memorandum of Understanding (MoU) with Naif Arab University for Security Sciences (NAUSS), aiming to enhance cooperation in the fields of traffic safety, accident analysis, the development of training programs, and joint research. The (MoU) seeks to leverage the shared expertise between parties to support national efforts in improving road safety and developing specialized human capital in this field that aligns with technological and knowledge-based practices. On this occasion, Mr. Abdullah Al-Khalaf, Acting CEO of Najm, stated: "We are proud of this distinguished partnership with Naif Arab University for Security Sciences, which comes in the context of Najm's plan to enhance traffic safety and support the university's efforts to implement the Arab Safety Strategy. Through this partnership, we strive to harness advanced technologies and scientific research to improve accident analysis and elevate road safety standards, in line with the Kingdom's aspirations to build a safer and more efficient traffic system." The MoU outlines key areas of cooperation, including the development of specialized training programs in the field of road safety and security, exchanging expertise and knowledge transfer, and organizing workshops and training courses between the Parties, as well as conducting joint studies and research on traffic accidents using innovative methods and technologies. Additionally, the collaboration includes providing technical consultations, contributing to capacity building and development concerning modern technical systems used in traffic and road safety domains. The MoU signing ceremony was held at the university's headquarters in Riyadh by the presence of His Excellency Dr. Abdulmajeed Al-Bunyan, President of Naif Arab University. Najm was represented in the signing of the MoU by Acting CEO Mr. Abdullah Al-Khalaf, and NAUSS represented by Dr. Ali Alrashaidi, Supervisor on the Road Traffic Safety Center. The ceremony concluded with an emphasis on the importance of this strategic partnership as a model for constructive collaboration between national specialized institutions, particularly Naif Arab University for Security Sciences, as a leading academic and security institution, plays a pivotal role in supporting applied scientific research, developing security and technical competencies, and advancing national initiatives aimed at improving road safety policies and procedures. The partnership is expected to make a meaningful impact on society and the insurance sector, aligning with broader national security and development goals. It is worth mentioning that Najm for Insurance Services is a Saudi closed unlisted joint stock company established in 2007 to promote the vehicle insurance sector in Saudi Arabia. Najm offers a complete range of solutions and insurance services for citizens, residents, and visitors in more than 40 Saudi cities through an experienced and competent Saudi staff that constitutes 98% of the company's total workforce.

Najm showcases traffic accident response system
Najm showcases traffic accident response system

Arab News

time07-06-2025

  • Automotive
  • Arab News

Najm showcases traffic accident response system

Abdullah Al-Khalaf, acting CEO of Najm for Insurance Services, announced that the company has developed an integrated digital system for its traffic accident inspection service. This development contributes to improving the efficiency and speed of handling and responding to traffic accidents, ensuring the safety of road users, reducing traffic congestion, and supporting environmental sustainability. This announcement came during Najm's participation in a workshop organized by Naif Arab University for Security Sciences, titled 'Mechanisms for Dealing with Road Accident Offenders Under the Influence of Drugs.' The event was held on May 28–29, with the participation of Arab and international experts specializing in security and safety. Al-Khalaf emphasized Najm's role in supporting the goals of Saudi Vision 2030 through the development of a smart, digital insurance sector.

Najm showcases the evolution of traffic accident response procedures in the Kingdom
Najm showcases the evolution of traffic accident response procedures in the Kingdom

Zawya

time01-06-2025

  • Business
  • Zawya

Najm showcases the evolution of traffic accident response procedures in the Kingdom

Riyadh – Mr. Abdullah Al-Khalaf, Acting CEO of Najm for Insurance Services, announced that the company has developed its traffic accident inspection service to be through an integrated digital system. This development contributes to improving the efficiency and speed of handling and responding to traffic accidents, ensuring the safety of road users, reducing traffic congestion, and supporting environmental sustainability. This announcement came during Najm's participation in a workshop organized by Naif Arab University for Security Sciences titled 'Mechanisms for Dealing with Road Accident Offenders Under the Influence of Drugs.' The event was held over two days, May 28–29, 2025, with the participation of group of Arab and international experts specializing in security and safety. Al-Khalaf emphasized Najm's role in supporting the goals of Saudi Vision 2030 through the development of a smart, digital insurance sector that ensures fairness for policyholders, contributes to a safer and more sustainable traffic system, and protects the economy and society from the repercussions of road accidents. On the sidelines of the workshop, Mr. Abdullah Al-Khalaf met with His Excellency Dr. Abdulmajeed Al-Banyan, President of Naif Arab University for Security Sciences. They discussed opportunities for joint cooperation and the university's training programs aimed at enhancing the skills and capabilities of accident investigators at Najm. This collaboration is expected to positively impact accident-handling mechanisms, promote transparency, and safeguard the rights of all parties involved. During the workshop, Al-Khalaf delivered a presentation titled 'Najm's Pioneering Role in Managing Minor Accidents,' where he highlighted the company's wealth of experience in responding to traffic accidents. He showcased Najm's field procedures for accident inspections and the transformative changes implemented to achieve a qualitative shift in inspection practices and response times. He also emphasized the use of Najm's digital platforms and advanced technology in accident data analysis and report generation. Al-Khalaf noted that Najm offers its inspection and liability determination services through specialized field teams operating in over 40 cities across the Kingdom. Additionally, the company provides more than 20 insurance and traffic services and solutions developed to enhance road, vehicle, and driver safety. Najm also leads initiatives to address the root causes of traffic accidents, reinforce traffic law compliance, and improve driving behavior. The workshop organized by Naif Arab University, in line with its security and academic mission, addressed several specialized topics focused on enhancing methods for dealing with offenders involved in accidents under the influence of drugs. It also sought to promote integration among relevant entities to mitigate this phenomenon. Additionally, the event aimed to improve public safety by discussing legal and criminal frameworks, showcasing local and international best practices, and exploring the roles of security, health, and insurance sectors in providing a comprehensive and integrated response.

Fraud control room: A key proactive prevention measure
Fraud control room: A key proactive prevention measure

Arab News

time31-05-2025

  • Business
  • Arab News

Fraud control room: A key proactive prevention measure

In response to growing concerns over the scale and sophistication of financial fraud globally, the Council of Ministers has approved the creation of a dedicated operations room tasked exclusively with combating such crimes in Saudi Arabia. This move reflects increased awareness of the significant economic and social impacts of financial fraud and the urgent need for a specialized, well-equipped body to address complex misconduct. By establishing this operations room, lawmakers aim to strengthen institutional defenses, restore public trust, and ensure greater accountability across financial systems. According to Nasdaq Verafin's 2024 Global Financial Crime Report, illicit funds flowing through the global financial system were estimated at $3.1 trillion in 2023. Of this, money laundering played a major role in enabling various crimes, including $346.7 billion tied to human trafficking, $782.9 billion linked to drug trafficking, and $11.5 billion in terrorist financing. Fraud scams and bank fraud schemes also caused an estimated $485.6 billion in global losses in 2023. In the Arab world, a study by Naif Arab University for Security Sciences, in cooperation with Interpol, revealed that daily visits to fraudulent websites by individuals of Arab nationalities exceeded 137,000. The study also identified five major types of financial crimes prevalent in Arab countries: Investment fraud, business email compromise, romance fraud, sextortion, and phishing. It further outlined 24 criminal methods used by fraudsters to trap victims. Prominent tactics include impersonating bank employees to extract sensitive information, exploiting artificial intelligence in fraudulent ad campaigns, using trusted online platforms to post fake ads, and employing cryptocurrencies to conceal fund trails. Given these findings, the establishment of a dedicated financial fraud control room is crucial to proactively enhance coordination among authorities and strengthen efforts to combat financial crimes. This initiative will enable swift responses to fraud-related distress calls, improve recovery of stolen funds, enhance tracking of perpetrators, and ensure the enforcement of legal and regulatory penalties, especially in cross-border cases. The control room will also streamline information exchange between authorities, overcoming challenges such as slow processes and poor coordination. By fostering more efficient collaboration, it will allow officials to intervene early and prevent fraud from escalating. Additionally, the control room will introduce electronic reporting systems, making it easier for victims to report fraud quickly, thus increasing the chances of stopping scams and recovering stolen funds. This initiative underscores the critical need to raise public awareness about fraud prevention and strengthen regional and international cooperation against a crime that transcends borders. The establishment of this specialized unit also aligns with Vision 2030, which aims to bolster cybersecurity and protect the national economy, financial systems, and monetary institutions from fraud and cyber threats. While creating a dedicated financial fraud control room is essential, preventing fraud is a shared responsibility that extends beyond government entities to all individuals — citizens and residents alike. Raising public awareness and vigilance is crucial. People must be cautious of suspicious messages, unsolicited investment offers, and unlicensed entities posing as investment firms. Moreover, individuals should avoid sharing personal or banking information outside official channels and remain alert to calls from those claiming to represent financial institutions requesting confidential details. Legitimate bank representatives will never ask for sensitive information such as PINs or passwords. • Talat Zaki Hafiz is an economist and financial analyst. X: @TalatHafiz

Saudi Interior Ministry participates in Arab security conference in Tunisia
Saudi Interior Ministry participates in Arab security conference in Tunisia

Arab News

time17-05-2025

  • Politics
  • Arab News

Saudi Interior Ministry participates in Arab security conference in Tunisia

TUNIS: The Saudi Ministry of Interior participated in the 16th Arab Conference of Heads of Security Media Agencies in Tunisia this week. The Saudi delegation was headed by Col. Talal bin Abdul Mohsen bin Shalhoub, head of the ministry's General Administration of Media and Corporate Communication. The conference explored the role of security media in raising awareness of cybercrime, the use of artificial intelligence in security media, and the experiences of member states in drug prevention. It was attended by heads and representatives of security media agencies in Arab countries, the Arab States Broadcasting Union, and Naif Arab University for Security Sciences.

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