Monday, 28 May 2012

Corruption 'rife among Middle East companies' - The National

Two thirds of business executives in the Middle East believe corruption is widespread.

Backhanders and bribes are often used to win contracts and deals, according to a survey commissioned by the international audit firm Ernst & Young (E&Y).

The research found that a fifth of respondents felt it was not possible to conduct business in the region without engaging in bribery or other forms of corruption.

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