With GCC based organizations increasingly investing overseas, reliance on and managing risk with third parties can be a challenge and adequate controls and monitoring must be put in place, said an industry expert.
Russia and Qatar could be stripped of their World Cup hosting rights if evidence emerges of bribery in the bidding process, the independent chairman of Fifa's audit and compliance committee told a Swiss newspaper.
US prosecutors believe Fifa president Sepp Blatter's top lieutenant made $10 million in bank transactions that are central to the bribery investigation of the world soccer body, a source familiar with the matter said on Monday.
Several people in Bahrain have rallied behind the 2022 World Cup being held in Qatar following an investigation into bribery allegations.
They believe Bahrain's economy will grow during the month-long footb
A new report has alleged that the disgraced Qatari football official Mohamed Bin Hammam made payments totalling $5 million to football officials in return for their support for the Qatar's 2022 World Cup bid.
The Sunday Times
A former Omani commerce minister was jailed for three years for corruption on Sunday, the most senior government figure to be convicted in a campaign against graft in the sultanate.
Mohammed bin Nasir Al-Khusaibi was found guilty
Oman's National Gas confirmed on Wednesday that its chief executive had been detained by the public prosecutor over suspected bribery, and said the firm's financial controller would take over as acting CEO.
A source in the
Alcoa has agreed to pay $384 million to settle charges by the US Securities and Exchange Commission and the US Department of Justice that its subsidiaries bribed foreign government officials, the agencies said on Thursday.
Fallen Chinese politician Bo Xilai appeared in public for the first time in more than a year on Thursday to face trial in eastern China, the final chapter of the country's most politically charged case in more than three decades.
Bernie Ecclestone's eye for a deal has made him a fortune and turned Formula One motor racing into a global money-spinner, but bribery allegations threaten to end his long reign as the head of the business.
Ecclestone, who is