AI to play a part in future of education: minister

Yousef Al-Benyan addressing the Global Cybersecurity Forum. AN.
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Updated 17 April 2024
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AI to play a part in future of education: minister

RIYADH: Cybersecurity conversations in schools need to extend beyond security concerns, the Saudi education minister has insisted.

In what he described as his first appearance in a business setting since being appointed to the role in September 2022, Yousef Al-Benyan addressed the Global Cybersecurity Forum, calling for a new approach within the sector. 

During the discussion, he encouraged a more comprehensive, individualized process focusing on awareness, prevention, and “change management programs,” eliminating the emphasis on fear factors. 

“We need to expand the view on cybersecurity to a different approach. I think if we look at it only from a compliance perspective, or basically a system issue, continuously we will struggle,” Al-Benyan said.

“It's beyond security. It requires a huge change in management programs. Let’s move away from the terminology ‘security’ or ‘protection.’ I'm not fond of this because you cannot really operate on a fear factor. You need to operate on a more sophisticated transformation awareness protocol … because we need to protect ourselves, our family, our society, and the entire community we operate,” he added.

He further noted that within the Kingdom, organizations such as the National Cybersecurity Authority and the Saudi Data and Artificial Intelligence Authority are assuming measures to ensure that new power technologies, such as AI, are harnessed to aid rather than harm the educational sector. 

“As of today, we in the ministry formed a team to look at how the school will look like in 2035/2040. I do believe technology and AI is going to play a major role in this. It’s going to be an integral part of our education. Cybersecurity is going to be an integral part of it,” the minister said.

“Any new technology has its own risks. But as of today, I think we have a very strong technology innovation and indications, more or less in a controlled environment. They will be less risk than others. They will allow teachers and also faculty in universities to enhance their skill set, their research using AI, in a more safe way,” he added

In October, the ministry initiated test runs utilizing AI in various schools, as well as developmental programs for teachers that the minister noted are in their “final stages.”

Al-Benyan said the trials showed the Kingdom has “very innovative teachers” who used the technology in their own ways.

“Those (developmental) programs will basically touch every aspect of teachers’ developmental needs, and their digital needs, because teachers have to be digitally equipped in terms of knowledge in order for them to deal with the current and future generations – and cybersecurity is going to be part of it,” he said.

 


GCC banks post record $16.6bn profit in Q3 on lending, revenue growth 

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GCC banks post record $16.6bn profit in Q3 on lending, revenue growth 

RIYADH: Gulf Cooperation Council banks posted a record $16.6 billion in net profit in the third quarter of 2025, an 11.6 percent increase from the same period a year earlier, according to an analysis., an analysis showed. 

Net profit at listed GCC banks also rose 2.2 percent from the previous quarter, marking the third consecutive quarterly increase, driven by broad-based revenue growth and improved cost efficiency, according to Kuwait-based Kamco Invest. 

The performance aligns with a projection made by accounting firm Ernst & Young in March, which said the GCC banking sector was poised for robust growth in 2025, supported by ongoing economic diversification and favorable global financial conditions. 

In its latest report, Kamco stated: “The sequential increase (of net profit) was once again mainly led by a broad-based increase in revenues for the sector and lower cost-to-income ratio that more than offset an increase in impairments during the quarter.”  

It added: “Loan impairments once again witnessed a double-digit increase, reaching a three-quarter high level of $2.6 billion during the third quarter of 2025 vs $2.4 billion during the second quarter of this year.”  

Aggregate banking sector revenues reached a new record high of $36.8 billion during the quarter, registering a three-quarter high sequential growth of 3.3 percent, according to Kamco Invest. 

Qatari banks recorded the strongest sequential revenue growth at 5.9 percent in the third quarter, compared to the previous three months. 

Bahrain-listed banks followed with revenue growth of 5 percent, while UAE-listed banks posted an expansion of 3.4 percent. 

Kuwaiti and Saudi-listed banks were next, with revenue growth of 3.3 percent and 2.1 percent, respectively. 

Lending activity among listed GCC banks rose by 3.7 percent in the third quarter, one of the strongest increases in more than four years, bringing net loans to $2.31 trillion by the end of September. 

“The growth (in lending) reflected resilient non-oil sector growth in the region with non-oil manufacturing consistently well above the growth mark for key economies in the region,” said Kamco Invest.  

Gross loans increased by 3.6 percent during the quarter to $2.41 trillion. 

The aggregate net loan-to-deposit ratio for the GCC banking sector remained elevated above 80 percent at the end of the third quarter, reaching a record high of 82.8 percent. 

Saudi banks posted a record loan-to-deposit ratio of 97.6 percent in the third quarter, up 330 basis points from the previous quarter, driven by higher lending and a decline in customer deposits. 

Qatari banks followed with a loan-to-deposit ratio of 91 percent in the third quarter, up from 90.3 percent in the previous three months. 

UAE-listed banks recorded an increase in the loan-to-deposit ratio for the second consecutive quarter after a decline in the first quarter. The aggregate ratio for the UAE banking sector stood at 69.4 percent — one of its highest levels, but still the lowest in the GCC.