黑料社区

2.5m Syrians in 黑料社区 to benefit from Dammam-Damascus flights

Routes between the two cities resumed on March 19 after a 13-year hiatus, with a Syrian Air plane departing King Fahd International Airport in Dammam for Damascus. File
Routes between the two cities resumed on March 19 after a 13-year hiatus, with a Syrian Air plane departing King Fahd International Airport in Dammam for Damascus. File
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Updated 20 March 2025

2.5m Syrians in 黑料社区 to benefit from Dammam-Damascus flights

2.5m Syrians in 黑料社区 to benefit from Dammam-Damascus flights

JEDDAH: Over 2.5 million Syrian residents in 黑料社区 will benefit from direct flights between Dammam and Damascus, reconnecting families and enhancing transport between the two countries.

Routes between the two cities resumed on March 19 after a 13-year hiatus, with a Syrian Air plane departing King Fahd International Airport in Dammam for Damascus.

The morning flight complements the direct service from the Kingdom鈥檚 three major cities to Syria after Syrian Air resumed operations at Saudi airports last year.

Passenger flights between the two countries were halted聽in 2012 when Riyadh severed ties with Damascus over Bashar Assad鈥檚 crackdown on anti-government protesters at the start of the country鈥檚 civil war.

Services between Syria and the Kingdom resumed temporarily in May for pilgrims participating in the annual Hajj pilgrimage. The first group of 270 Syrian travelers arrived in Jeddah on May 28, just a few days after 黑料社区 appointed Faisal bin Saud Al-Mujfel as its ambassador to Syria.

Commercial flights between 黑料社区 and Syria resumed in July following a 12-year freeze amid improving relations. A Syrian Air plane carrying 170 passengers from Damascus landed in Riyadh, marking the return of regular services.聽

This was followed聽by the reinstatement of聽flights between Damascus and King Abdulaziz International Airport in Jeddah in November.聽

Mohammed Ayman Soussan, Syria鈥檚 ambassador to the Kingdom, who took office in Riyadh in January 2024, said the two countries had agreed to operate one round-trip flight per week between the two capitals.

After the diplomatic gap, 黑料社区 and Syria agreed to resume consular services in April 2023 and restored full relations in May 2023.聽

Global flights resumed at Damascus International Airport in January for the first time since the ouster of President Bashar Assad last month.

黑料社区 has sent relief planes to Syria following the fall of the former president to assist with the ongoing crisis. These humanitarian efforts, organized by the King Salman Humanitarian Aid and Relief Center, also known as KSrelief, have delivered essential supplies, including food, shelter, and medical aid, to help the Syrian people cope with their challenging circumstances.

Additional flights to Syrian destinations are expected soon, following the reopening of Aleppo International Airport 鈥 the country鈥檚 second major airport 鈥 after nearly three months of closure.

The airport was closed in November during the offensive by rebel groups against the regime of Bashar Assad in early December.


Cyber threats demand increased investment to secure global power grids, experts say

Margarete Schramboeck, board member of Aramco Digital. (AN photo by Abdulrahman Bin Shalhoub)
Margarete Schramboeck, board member of Aramco Digital. (AN photo by Abdulrahman Bin Shalhoub)
Updated 02 October 2025

Cyber threats demand increased investment to secure global power grids, experts say

Margarete Schramboeck, board member of Aramco Digital. (AN photo by Abdulrahman Bin Shalhoub)

RIYADH: As global momentum builds toward cleaner and smarter energy systems, cyberattacks on power grids and transmission lines are emerging as a growing challenge to resilience.

Speaking to Arab News on the sidelines of the Global Cybersecurity Forum in Riyadh, Heidi Crebo-Rediker, senior fellow at the Council on Foreign Relations, said that investment in energy infrastructure was critical to protect against cyberattacks, which were becoming a major threat to energy systems worldwide.

鈥淚 think that the under-investment in the energy grid and energy related infrastructure is obviously a critical priority,鈥 she said. 鈥淔inding the money to do that, and the will to do that, is is a challenge, and it falls on both public and private hands. So it鈥檚 really whose responsibility is it to pay for it, who prioritizes, but at the end of the day, if we don鈥檛 have a resilient energy infrastructure, then we have potentially massive, catastrophic shocks to businesses and to the economy at large.鈥

A recent Boston Consulting Group report said that quantum computing could unlock more than $50 billion in value across industries, with energy representing the largest opportunity. In oil and gas alone, the potential savings range from $6 billion to $30 billion.

鈥淲e already know that attacks from traditional types of threats can be catastrophic for the energy infrastructure, but cyber is a dominant risk,鈥 Crebo-Rediker said.

She emphasized that resilience depended on effective cooperation, both domestically and internationally. 鈥淚t鈥檚 not just collaboration between public and private,鈥 she said. 鈥淓nergy is global, and having cooperation between different countries on cybersecurity is imperative.鈥

Crebo-Rediker said that governance models also mattered, noting that 鈥測ou have to have a much better working relationship between the public sector and the private sector.鈥

She added that it was difficult to know if enough was being invested until an effective cyberattack occured. 鈥淵ou never know if you鈥檝e spent enough and invested enough, and if you鈥檙e resilient enough, until you are able to counter an attack that would otherwise shut you down,鈥 she said.

鈥淭he idea is really to minimize the impact of cyberattacks, because as part of critical infrastructure you can鈥檛 have a functioning economy without your energy systems working.鈥

Crebo-Rediker added that the stakes were particularly high in regions where extreme climates or advanced industries demanded constant power. 鈥淔or parts of the world that are either very hot, very cold, or dependent on high-tech industries, chip manufacturing companies, fabs (high-technology fabrication plants), all require constant energy to keep their systems operational, otherwise you have cascading negative effects on industry as a result,鈥 she said.

Margarete Schramboeck, board member of Aramco Digital, said that energy security must be treated as the backbone of every economy.

鈥淭he energy sectors are the lifelines of each economy. We have seen this. If these lifelines are cut or not functioning anymore, the whole economy can go down,鈥 she said. 鈥淎 good energy sector is therefore key for each economy, and therefore it becomes a target for cybersecurity attacks, and it needs to be protected.鈥

Schramboeck highlighted the challenge of modernizing outdated systems. 鈥淚n a lot of countries around the world, energy sectors are sometimes an infrastructure that is old,鈥 she said. 鈥淪o how can you combine innovations from the digital sector with these old investments which are actually not connected, which is difficult to handle.

鈥淭o find solutions, there is the key role for the next generations, and these generations, especially a lot of startups, but also existing big tech companies, invest a lot of their brains into solving this topic.鈥

She highlighted the importance of ongoing investment. 鈥淔or the energy industry, there is continuous spending needed and, in my view, it will grow over the years,鈥 she said. 鈥淲hen we see the next generations of threats coming ahead, there will be new investments needed. And I want to mention especially one big investment, which is absolutely necessary. It is into human capital. It鈥檚 into the next generation, the young people, training them, educating them.鈥

Schramboeck said that the Kingdom was also driving innovation in energy. 鈥淔or the energy infrastructure, 黑料社区 is really doing a lot ... There is a lot of investment in startups and an ecosystem of next-generation energy solutions. And this has started a few years ago and is continuing, and I am convinced it will have a positive impact soon.

鈥淚t鈥檚 always about these two factors. It鈥檚 in investment in hardware, software and innovative solutions on the one hand side, but even more in people. Only when both are considered and taken care of, then we鈥檙e looking into a safe and secure future.鈥

The Global Cybersecurity Forum concluded on Thursday after two days of discussions with policymakers and industry leaders, under the theme 鈥淪caling Cohesive Advancement in Cyberspace.鈥


Palestinian food company sees sales soar as UK consumers show solidarity聽

Palestinian food company sees sales soar as UK consumers show solidarity聽
Updated 02 October 2025

Palestinian food company sees sales soar as UK consumers show solidarity聽

Palestinian food company sees sales soar as UK consumers show solidarity聽
  • Zaytoun, which sells olive oil, dates and other foodstuffs, saw a 50% rise in sales last year
  • 鈥楾he hardiness of the olive tree, what it can withstand, is very much symbolic to Palestinians鈥

LONDON: A Palestinian food company says it believes a 50 percent increase in sales in the UK is due to customers showing solidarity with people in the West Bank and Gaza.

Zaytoun had revenues of 拢3.2 million ($4.289 million) in 2024, driven by sales of its extra virgin olive oil and medjool dates, as well as almonds and giant couscous.

Meaning olive in Arabic, Zaytoun is a fair trade enterprise looking to help Palestinian agricultural communities.

It launched in 2004 and sales have steadily risen, with 500 milliliter bottles of its oil selling for around 拢15 in the UK.

Manal Ramadan White, Zaytoun鈥檚 managing director, told The Guardian that the sales show people 鈥渨anting to make a difference with their purchasing power.鈥

She added: 鈥淔rom 2023 to 2024 we grew by about 50 percent due to the UK market wanting to show support in some way.鈥

Ramadan White said questions had dogged Zaytoun about the expense of the product from the outset required to give Palestinian farmers a fair income.

鈥淭he products are really expensive to buy, so there鈥檚 not much profit margin,鈥 she said. 鈥淵et 21 years later, here we are.鈥

The Fairtrade Foundation ensures that producers receive proper remuneration and an additional premium on their goods. In the UK last year, 拢28 million were generated in sales for the Fairtrade premium alone.

Zaytoun, however, has been unable to carry the Fairtrade logo on its products for over a year due to the security situation in the region preventing official checks from taking place.

鈥淲e haven鈥檛 been able to get Fairtrade organic certified olive oil out of Palestine for almost a year now,鈥 said Ramadan White. 鈥淭he certifier pulled out at very short notice and without a handover.鈥

Zaytoun has not changed its suppliers, working with the same producers across the West Bank, and says it hopes to have auditors certify its products by the time of the next harvest.

鈥淭he landscape is dotted with olive trees 鈥 Most families have some whether it鈥檚 20 or thousands,鈥 said Ramadan White. 

鈥淭he hardiness of the olive tree, what it can withstand, is very much symbolic to Palestinians. It鈥檚 a metaphor for their resilience and hardiness through all these challenging times.鈥

As well as certification, the war in Gaza has made transportation of goods difficult, with extra security 鈥 including checkpoints and sniffer dog inspections 鈥 hampering exports through the Israeli port of Haifa.

In a statement, Fairtrade said it would 鈥渞aise our voices in solidarity with the people of Gaza and the West Bank whose futures are being deliberately dismantled.鈥

The foundation鈥檚 CEO Eleanor Harrison said: 鈥淲e believe that every person has the right to live and work in safety and determine their own future.鈥

She added: 鈥淲e stand for fairness, solidarity, and the empowerment of people to decide on their own futures. We cannot remain silent while the foundations of life are being destroyed.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.