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黑料社区 urges global cooperation to build trust, strengthen cybersecurity frameworks

黑料社区 urges global cooperation to build trust, strengthen cybersecurity frameworks
A panel session at the Global Cybersecurity Forum held in Riyadh. AN
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Updated 03 October 2024

黑料社区 urges global cooperation to build trust, strengthen cybersecurity frameworks

黑料社区 urges global cooperation to build trust, strengthen cybersecurity frameworks

RIYADH: 黑料社区鈥檚 efforts to spearhead global聽cooperation in digital defense took center stage at the Global Cybersecurity Forum held in Riyadh, as building trust via a global partnership is key, according to an official.

Speaking during a panel session at the event,聽the Minister of State for Foreign Affairs, Adel Al-Jubeir, highlighted the Kingdom鈥檚 proactive stance in building international聽trust聽in the digital space.

鈥淭here are areas where that can be used in order to build confidence, and that confidence helps us work better with each other,鈥 Al-Jubeir said.

He added: 鈥淏ecause one, I understand two issues, one on the protection of children, and one on the empowerment of women. I don鈥檛 believe anyone on this globe can not appreciate and support the importance of protecting our children from evil on the Internet.鈥

Al-Jubeir pointed out that cybersecurity is no longer just a technical issue but a crucial factor in attracting investment.聽

鈥淲hen investors look at countries, they look at cybersecurity. It鈥檚 become now one of the main, if not the main issue,鈥 he said.聽

Al-Jubeir continued: 鈥淲ould you invest in a company in which you cannot use the Internet safely? Of course not, so this is an incentive for countries to do something about enhancing and protecting their networks.鈥

Adding to the discussion, the former Indian Minister of Foreign Affairs, Shyam Saran, underlined the urgency of keeping pace with the quick advancements in cyber technology.聽

鈥淭he speed of change is so rapid that states are constantly playing catch-up, both in terms of domestic laws and international agreements,鈥 he said.聽

Saran added: 鈥淏ecause of the speed of change that is taking second here you have a technology which is, in fact, in the nature of what I would call a multiplicator. That is, it has an impact across various domains.鈥

He highlighted that cybersecurity impacts multiple sectors, including defense and energy, making collaboration even more essential.

Al-Jubeir stressed the complexities of cybersecurity compared to other global challenges, such as trade or environmental issues.聽

鈥淲ith cyber, a single individual sitting in a dorm room can wreak havoc on a nation鈥檚 electricity system, banking system, or defense system,鈥 he said.聽

This global nature of cyber threats, he explained, necessitates a collaborative effort among nations to develop a unified framework of laws and procedures that protect cyberspace.

This proactive approach is part of 黑料社区鈥檚 broader strategy to position itself as a responsible global actor, connecting continents through its strategic geographic location.聽

鈥淥ur policy has always been about connectivity 鈥 whether it鈥檚 data lines, sea lanes, or air traffic. We are cognizant of the responsibilities and opportunities our position offers the global community,鈥 Al-Jubeir said.聽

He added: 鈥満诹仙缜 is all about bridge building. Just look at our geographic location cases between three continents: Asia, Africa, and Europe. The more bridges we build, the more connectivity we have, whether that connectivity is shipping, whether it鈥檚 data lines, whether it鈥檚 cyber, whether it鈥檚 thought connectivity.鈥

Additionally, the minister underscored the comprehensive nature of the Kingdom鈥檚聽approach to cybersecurity, which aligns closely with its聽Vision 2030 initiative.聽

This sweeping reform plan aims to diversify the economy and create a secure digital environment conducive to technological innovation and investment.

Al-Jubeir highlighted how the digital age has transformed global job creation and industries, making it easier for countries to benefit from outsourcing through cyber technologies.

鈥淚n the past, nations hosted call centers which created jobs and spin-off industries,鈥 he said, adding that today鈥檚 technologies, such as 3D printing, enable production across borders, creating even more opportunities. However, he warned that these advantages will only be realized by countries that establish a solid legal framework and secure their networks from vulnerabilities.

Al-Jubeir pointed to 黑料社区鈥檚 Vision 2030 as a prime example of a comprehensive reform initiative that integrates economic and social development with a focus on cybersecurity.

鈥淲hat we have done in 黑料社区 when you look at Vision 2030 is very comprehensive,鈥 he said. The minister emphasized the importance of ensuring every aspect of society is connected and protected from cyber threats, stressing that even a single weakness in the system could lead to widespread disruption.

Reflecting on the need for agility in the digital economy, Al-Jubeir urged nations to be quick and adaptable to maintain their competitive edge.聽

鈥淚f you鈥檙e not quick on your feet and comprehensive, you鈥檙e going to lose, and you are going to forfeit opportunities,鈥 he said.聽

Al-Jubeir also emphasized the importance of global collaboration in cybersecurity, advocating for shared baselines and codes of conduct that will help create a secure international framework.聽

He added: 鈥淰ery optimistic that we can get there, but the key is to get globally everyone to think in terms of baselines.鈥


Foreign investor rule changes for Saudi stock market out for consultation

Foreign investor rule changes for Saudi stock market out for consultation
Updated 02 October 2025

Foreign investor rule changes for Saudi stock market out for consultation

Foreign investor rule changes for Saudi stock market out for consultation

RIYADH: Foreign investors may soon be able to buy Saudi stocks without restrictions, under a draft plan aimed at boosting liquidity and expanding the Kingdom鈥檚 $3 trillion equity market. 

The proposal, now out for a 30-day consultation, would allow all categories of non-resident investors to purchase shares directly on the Tadawul Main Market.

It would dismantle the Qualified Foreign Investor framework and scrap swap agreements, long seen as barriers to international participation, according to an official release.

Gulf markets such as Dubai, Abu Dhabi, and Qatar, as well as Kuwait, Bahrain, and Oman, already allow foreign investors to buy shares directly, boosting liquidity, attracting global capital, and modernizing their exchanges. 

Foreign ownership in Saudi equities has already climbed sharply, exceeding SR528 billion ($141 billion) by the second quarter of 2025, Capital Market Authority data shows. If approved, the changes would mark the most significant market opening since direct foreign access was first introduced in 2015. 

鈥淭he draft aims to broaden and diversify the base of investors eligible to participate in the Main Market, while also attracting additional investments and increasing market liquidity,鈥 the CMA said. 

The consultation runs until Oct. 31, with final rules to follow after feedback is reviewed. 

Once approved, foreign investors would be able to purchase shares in listed companies on the main market directly, without going through these extra layers. Non-resident investors would be able to open accounts and invest directly in listed securities. 

黑料社区鈥檚 move fits into a broader program of capital-market modernization aimed at boosting liquidity and global participation. 

In July, the CMA eased rules for foreign investors to open accounts, while amendments to investment fund regulations aligned the market more closely with global standards. 

The latest draft follows a late-September policy signal that fueled a rally in Saudi equities and comes as officials weigh lifting the long-standing 49 percent cap on foreign ownership. 

The CMA pointed to strong growth in overseas participation as a foundation for the change. 

The regulator framed the draft as part of a phased approach to position Riyadh as an international marketplace capable of attracting larger, more diverse flows of foreign capital. 

The initiative, it said, is intended to strengthen confidence among market participants and support the broader local economy. 

Stakeholders can submit comments through the Unified Electronic Platform for Consulting the Public and Government Entities or via a prescribed email form. The CMA said it will review all relevant submissions before finalizing the amendments. 


Cybersecurity not 鈥榗ompliance checkbox鈥 but enabler of trust for investment, GCF experts say聽

Fifth Global Cybersecurity Forum convened global decision-makers and experts in Riyadh Oct. 1-2 to shape future of cyberspace.
Fifth Global Cybersecurity Forum convened global decision-makers and experts in Riyadh Oct. 1-2 to shape future of cyberspace.
Updated 02 October 2025

Cybersecurity not 鈥榗ompliance checkbox鈥 but enabler of trust for investment, GCF experts say聽

Fifth Global Cybersecurity Forum convened global decision-makers and experts in Riyadh Oct. 1-2 to shape future of cyberspace.

RIYADH: On the second day of the Global Cybersecurity Forum, discussions focused sharply on the critical role of cybersecurity in influencing foreign direct investment. 

鈥淚nvestors want to know that leaders both in government and in business take cybersecurity seriously at the very top, they want to see budgets allocated, regulations enforced, and results reported,鈥 Bocar A. Ba, CEO of SAMENA Telecommunications Council, said. 

鈥淭hat visible prioritization is what gives them confidence that risks are managed, opportunities are sustainable, and the capital, most importantly, is protected,鈥 he added.

In a session focused on securing investment, experts emphasized that cyber readiness directly shapes investor confidence and national risk profiles, urging top-level prioritization of cybersecurity, noting that nations and companies able to demonstrate robust cyber defenses are better positioned for economic success.

In what he called the single most important action, Ba stated: 鈥淢aking cybersecurity a leadership priority and not a cost to be managed quietly in an IT department, and not a box to tick for compliance but a central pillar for national and corporate economic strategy.鈥

During the session, he stressed that 鈥渃ybersecurity is not the enemy of investment, it is the enabler of trust in investment.鈥 

He added: 鈥淐ybersecurity has been the guarantor of stability and the foundation of investment trust.鈥

The SAMENA Telecommunications Council called for joint action on several fronts, 鈥渇irst by developing a cyber readiness framework with measurable benchmarks ... practising more transparency, and third by creating regulatory sandboxes where cybersecurity solutions could be tested in partnerships with regulators.鈥

Speaking alongside Ba on the panel were Wael Fattouh, chief of advisory at SITE, and Christopher Steed, CIO and managing director of Paladin Capital Group. 

The panelists discussed how strengthening cyber resilience, governance, and transparency can attract investment and position economies as secure hubs in an interconnected world.

Fattouh stated: 鈥淭he Saudi market has reached a level of maturity and capability that we are now looking to be cocreators, co-investors, in innovation, innovators with the IP.鈥 

During the forum, Site stated that they are preparing to launch 鈥渢he first Saudi IP for next generation firewall and HDR.鈥 

This marks the fifth Global Cybersecurity Forum, which convened global decision-makers and experts in Riyadh Oct. 1-2 to shape the future of cyberspace under the theme 鈥淪caling Cohesive Advancement in Cyberspace.鈥


Closing Bell: Saudi main index closes in red at 11,495聽

Closing Bell: Saudi main index closes in red at 11,495聽
Updated 02 October 2025

Closing Bell: Saudi main index closes in red at 11,495聽

Closing Bell: Saudi main index closes in red at 11,495聽

RIYADH: 黑料社区鈥檚 Tadawul All Share Index dipped on Thursday, losing 33.64 points, or 0.29 percent, to close at 11,495.72. 

The total trading turnover of the benchmark index was SR6.49 billion ($1.72 billion), as 96 of the listed stocks advanced, while only 148 retreated. 

The MSCI Tadawul Index also decreased, down 6.68 points, or 0.44 percent, to close at 1,499.76. 

The Kingdom鈥檚 parallel market Nomu lost 283.31 points, or 1.11 percent, to close at 25,306.09. This comes as 37 of the listed stocks advanced, while 56 retreated. 

The best-performing stock was Sport Clubs Co., with its share price surging by 5.24 percent to SR10.64. 

Other top performers included Almoosa Health Co., which saw its share price rise by 4.37 percent to SR179, and Sustained Infrastructure Holding Co., which saw a 4.30 percent increase to SR34.48. 

Al Moammar Information Systems Co. jumped 4.21 percent to SR143.60, while Rabigh Refining and Petrochemical Co. gained 4.13 percent to SR7.81. 

On the downside, Bupa Arabia for Cooperative Insurance Co. recorded the steepest drop of the day, falling 4.36 percent to SR158.10. 

Al Gassim Investment Holding Co. fell 3.24 percent to SR18.23, while Walaa Cooperative Insurance Co. slipped 2.68 percent to SR11.97. 

Nahdi Medical Co. fell 2.65 percent to SR121, while Dar Alarkan Real Estate Development Co. slipped 2.52 percent to SR19.35. 

On the announcements front, the Saudi Telecom Co., known as stc, said that its subsidiary, the Public Telecommunications Co. 鈥 Specialized, has secured a SR5.5 billion Islamic Murabaha facility. 

According to a Tadawul statement, the 12-year financing agreement, effective from Oct. 1, includes a SR3.5 billion participation from the Saudi National Bank and SR2 billion from the Arab National Bank. 

Secured by a corporate guarantee from stc, the funds will be used to finance the capital and operating expenditures for building, operating, and providing telecommunications infrastructure services. 

Shares of stc rose 1.45 percent in the session on the main market, closing at SR44.64. 


尝鈥橭谤别补濒 taps 黑料社区 as global beauty innovation launchpad

尝鈥橭谤别补濒 taps 黑料社区 as global beauty innovation launchpad
Updated 02 October 2025

尝鈥橭谤别补濒 taps 黑料社区 as global beauty innovation launchpad

尝鈥橭谤别补濒 taps 黑料社区 as global beauty innovation launchpad
  • 黑料社区 has become a strategic hub for 尝鈥橭谤别补濒鈥檚 global beauty tech innovation, driven by high digital penetration and a vibrant beauty culture
  • 尝鈥橭谤别补濒鈥檚 socio-economic footprint in the Kingdom includes 8,765 jobs supported and more than 35,000 individuals reached through empowerment and education programs

RIYADH: As 黑料社区 accelerates its transformation under Vision 2030, the beauty industry is not only keeping pace 鈥 it is helping to lead the charge. 

At the forefront of this dynamic is 尝鈥橭谤别补濒, whose latest socio-economic impact study, conducted by Asteres, reveals a commitment to shaping the future of beauty.

Speaking on the sidelines of the report鈥檚 release, Vismay Sharma, President of 尝鈥橭谤别补濒鈥檚 South Asia Pacific, Middle East and North Africa division, shared how 黑料社区 is fast becoming a global epicenter for beauty innovation, digital transformation, and youth empowerment.

鈥満诹仙缜 is one of the fastest growing and most dynamic beauty markets worldwide. 尝鈥橭谤别补濒 views the Kingdom as a cornerstone of our future, a $2 billion market with immense growth potential,鈥 said Vismay.

With 99 percent internet penetration and 134 percent mobile connectivity, 黑料社区 stands among the most digitally connected societies in the world. This connectivity is revolutionizing the consumer landscape, making multichannel retail and beauty tech standard practice rather than futuristic fantasy.

鈥淎 typical Saudi woman uses nine makeup products every day 鈥 more than the average of seven in Europe,鈥 Vismay noted. 鈥淪audi consumers are digitally-savvy and highly connected, and this is driving growth in social commerce and interest in beauty tech.鈥

From artificial intelligence-powered hair diagnostics to augmented reality virtual try-ons, 尝鈥橭谤别补濒 is embedding cutting-edge tech into everyday routines. The Lancome 黑料社区 website already offers such immersive experiences, allowing customers to find their ideal foundation, lipstick or mascara with just a click.

鈥淭hree-quarters of Saudi consumers buy beauty products both online and offline, reflecting this 鈥榦mnichannel鈥 shopping trend,鈥 said Vismay. 鈥淲e partner with leading e-commerce players to create outstanding experiences.鈥

With nearly 50 percent of the population under the age of 30, 黑料社区鈥檚 youth are not only the largest consumer segment but also the future workforce of the beauty industry.

鈥淕en Z consumers are redefining cultural shifts and consumption trends, demanding personalized, digital-first experiences,鈥 said Vismay.

Campaigns like Garnier鈥檚 鈥淩amadaniyat,鈥 a culturally relevant talk show that engaged young Saudis during Ramadan, exemplify how 尝鈥橭谤别补濒 is speaking the language of the next generation. On the workforce side, the 尝鈥橭谤别补濒 Professional Hairdressing Academy has already trained over 100 Saudi women, with an ambitious goal of 1,000 graduates by 2029.

尝鈥橭谤别补濒鈥檚 influence is not only economic, but social. The group鈥檚 initiatives have reached over 35,000 individuals, with programs supporting women鈥檚 empowerment, education, upskilling and entrepreneurship.

鈥淲e鈥檙e incredibly proud that to date, over 100 Saudi women have already graduated from five academies across the Kingdom,鈥 Vismay shared. 

鈥淭hese programs directly support Saudi Vision 2030鈥檚 goal of increasing female workforce participation,鈥 he added.

FASTFACT

Key figures from 尝鈥橭谤别补濒鈥檚 socio-economic impact study:

鈥 8,765 jobs supported in 黑料社区 via the 尝鈥橭谤别补濒 value chain

鈥 SR3.2 billion in total sales generated

鈥 35,000+ individuals impacted by social programs

鈥 348 tons of waste recycled through the Garnier Green Beauty initiative

鈥 100+ Saudi women trained through the 尝鈥橭谤别补濒 Professional Hairdressing Academy

鈥 57 Arab female scientists supported since 2014, including 16 from 黑料社区 as part of the 尝鈥橭谤别补濒-UNESCO For Women in Science Middle East Regional Young Talents

The Kingdom is not just a market 鈥 it is a testing ground for global innovation.
鈥淒riven by Vision 2030 and events like LEAP, 黑料社区 is a leading incubator for tech innovation. For 尝鈥橭谤别补濒, we see the Kingdom as a gateway to scale beauty innovation,鈥 said Vismay.

尝鈥橭谤别补濒鈥檚 presence at LEAP 2025, where it was the only beauty company exhibiting over 20 AI-driven innovations, underscored 黑料社区鈥檚 role as a launchpad for beauty tech across emerging markets.

FASTFACT

Other standout initiatives in the region include:

鈥 30,000+ people trained via the Stand-Up Against Street

鈥 Harassment program in partnership with Himayah Organization

鈥 600+ women supported through the Safe Homes initiative in partnership with 尝鈥橭谤别补濒 黑料社区

鈥 1,000 chemotherapy patients assisted by the Fight With Care program, a partnership between La Roche-Posay and King Faisal Specialist Hospital Foundation

鈥 16 Saudi female scientists supported via the 尝鈥橭谤别补濒-UNESCO For Women in Science awards

鈥淥ur journey in the Kingdom is grounded in our belief that business performance and positive impact must go hand-in-hand,鈥 said Laurent Duffier, managing director of 尝鈥橭谤别补濒 Middle East and 尝鈥橭谤别补濒 黑料社区.

As 黑料社区 continues to reimagine its future, 尝鈥橭谤别补濒鈥檚 presence offers a compelling model for how the beauty industry can drive economic inclusion, social progress, and sustainable innovation 鈥 from the Kingdom and far beyond.


Bahri signs deal with IMI for first Saudi-built large-scale fleet

Bahri signs deal with IMI for first Saudi-built large-scale fleet
Updated 02 October 2025

Bahri signs deal with IMI for first Saudi-built large-scale fleet

Bahri signs deal with IMI for first Saudi-built large-scale fleet

RIYADH: 黑料社区鈥檚 national shipping carrier Bahri has ordered six Ultramax bulk carriers from International Maritime Industries, marking the Kingdom鈥檚 first large-scale commercial vessel project. 

The ships will be built at IMI鈥檚 Ras Al-Khair yard, the largest maritime facility in the Middle East, and are designed for efficiency and access to ports with limited infrastructure, according to a press release. 

The move to build its first Saudi-made vessels comes as part of Bahri鈥檚 ongoing fleet modernization program. 

The initiative recently saw a significant boost in August, when the company signed a $1 billion deal to purchase nine very large crude carriers from Greece-based Capital Maritime and Trading Corp.

Ahmed Ali Al-Subaey, CEO of Bahri, said: 鈥淭his agreement marks a strategic milestone for Bahri and a defining moment for the maritime industry in the Kingdom.鈥 

He added: 鈥淭hrough our partnership with International Maritime Industries to launch the first large-scale national shipbuilding program, we are not only modernizing our fleet but also laying the foundations for a sustainable and globally competitive maritime sector.鈥 

Al-Subaey noted that the construction of these new carriers will allow the company to expand into strategic markets, elevate service levels, strengthen supply chain resilience, and create long-term value for customers and stakeholders. 

The newly designed Ultramax carriers are engineered for high levels of flexibility and operational efficiency. A key feature is their ability to access ports with limited infrastructure, which will allow Bahri鈥檚 dry bulk sector to expand into specialized markets and emerging trade routes. 

This capability is expected to reduce exposure to market volatility and enhance the resilience, competitiveness, and sustainability of the rapidly evolving shipping industry. 

The agreement reflects Bahri鈥檚 support for the Kingdom鈥檚 maritime industry and its role in strengthening the national economy and supply-chain capabilities to enhance 黑料社区鈥檚 trade competitiveness.

The company posted solid financial results in the first quarter of 2025, with net profits increasing 18 percent year on year to SR533 million ($142 million), supported by fleet efficiency, proceeds from vessel sales, and diversified shipping operations.