Experts to discuss cybersecurity issues at Riyadh forum

Under the patronage of King Salman, the National Cybersecurity Authority is organizing the event on Oct. 2 and 3. File
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Updated 18 March 2024
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Experts to discuss cybersecurity issues at Riyadh forum

RIYADH: Top decision-makers and entities will convene to discuss pivotal issues in the digital realm at the fourth edition of the Global Cybersecurity Forum in Riyadh, scheduled for October.

Under the patronage of King Salman, the National Cybersecurity Authority is organizing the event on Oct. 2 and 3, centered around the theme “Advancing Collective Action in Cyberspace.” 

The objective is to bolster international cooperation on critical digital issues, attracting elite participants and prominent global entities in the cybersecurity domain.

This year’s forum will build on the principles and objectives established during previous events, contributing to the enhancement of international cooperation in cybersecurity and stimulating economic and social development in this field, according to the Saudi Press Agency.

The conference will feature several dialogue sessions focusing on key areas, including addressing cyber disparities and understanding online behavior and social dynamics in the digital world to foster integration. 

An additional topic will include how to bridge social gaps between communities, organizations, and nations.

Additionally, talks will delve into the cyber economy, exploring how it can spur development by cultivating markets in the sector. 

Participants will explore strategies for harnessing emerging technologies to propel progress and innovation.

The forum acts as a global platform that gathers decision-makers, government officials, businesses, cybersecurity experts, academics, and nongovernmental organizations. It operates in accordance with the strategic objectives of the GCF Institute to strengthen cybersecurity globally, foster economic and social development, and coordinate with and support relevant international initiatives.

A forum recently held in Geneva, organized in partnership with Saudi Arabia’s UN Mission, emphasized collaborations in addressing challenges and opportunities in cyberspace.

The event on Jan. 23, organized by the GCF, drew over 60 diplomats, UN representatives, and NGO officials. They participated in the GCF Institute’s endeavors to foster global dialogue, research, and initiatives related to cyberspace.

In his opening speech, Abdulmohsen Majed bin Khothaila, ambassador and permanent representative of Saudi Arabia to the UN, underscored the GCF as a symbol of the Kingdom’s commitment to strengthening global cybersecurity efforts. 

He highlighted that the GCF reflects Saudi Arabia’s resolve to unify international cybersecurity endeavors and promote initiatives that foster peace, prosperity, and positive socio-economic impact worldwide.


Marine insurance companies are considering canceling, repricing policies in the Middle East

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Marine insurance companies are considering canceling, repricing policies in the Middle East

RIYADH: Marine insurance companies are considering canceling or repricing policies in the Middle East, according to the Financial Times

This comes after the US and Israeli strikes on targets inside Iran, followed by missile attacks and retaliatory military actions in several countries in the region.

Marine brokers expect insurance premiums for ships to rise by up to 50 percent, given the region’s classification as a “war zone.”

Ship owners are considering rerouting their vessels to avoid the Strait of Hormuz and reduce risks to crews and cargo.

20% of the global oil supply passes through the Strait of Hormuz.

Regarding oil prices, a rise is expected as 20 percent of global oil supply passes through the Strait of Hormuz, amid concerns about continued tensions in the region.

Air traffic in the Middle East was severely disrupted after several countries closed their airspace completely or partially, while regional and international airlines suspended or rescheduled flights.

On the morning of March 1st,  the Iranian capital, Tehran, witnessed several large explosions following Israel's announcement of what it described as a “preemptive strike.”

Flights to countries in the region suspended due to attacks

In a video message, US President Donald Trump announced that the US had begun “major combat operations” in Iran, asserting that the goal was to defend the American people by neutralizing what he described as the “imminent threat” from the Iranian regime.

Several regional and international airlines announced the suspension of their flights to some countries in the region due to the attacks.

These military developments come at a time when major shipping companies had already avoided the Red Sea and Suez Canal routes due to security tensions, reverting to the Cape of Good Hope route, which increases shipping costs and puts pressure on global supply chains.

With the closure of airspace in several countries in the region, the risk of disruption to air traffic and trade is increasing, while oil markets are watching closely for any signs of potential supply disruptions from a region that is one of the world's most important energy production hubs.