Global Cybersecurity Forum launches major initiatives to strengthen online resilience and child protection

Governor of the National Cybersecurity Authority Majed Al-Mazyed. AN
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Updated 02 October 2024
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Global Cybersecurity Forum launches major initiatives to strengthen online resilience and child protection

RIYADH: A center for bolstering economic resilience against online threats and a new child protection initiative were among the announcements at the opening of the Global Cybersecurity Forum in Riyadh.

In his opening speech at the two-day event, Governor of the National Cybersecurity Authority Majed Al-Mazyed emphasized the event’s focus on advancing collective action and the roadmap set by previous editions of the forum. 

He highlighted the GCF’s commitment to ensuring a safe and secure digital world, saying: “The GCF activities and partnerships embody this year’s theme: advancing collective action in cyberspace, building on the road map established in previous editions, and setting the direction for the UN.” 

The Center for Cyber Economics is a global initiative by the GCF created in collaboration with the World Economic Forum. 

This center aims to empower decision-makers across public and private sectors with insights into how to tackle cyber threats, and it will also develop models to quantify the economic impacts of cyber activities, foster an ecosystem for knowledge sharing, and ensure that cybersecurity remains central to economic growth, particularly in promoting inclusivity in the digital economy.

Al-Mazyed also underlined the forum’s role in launching new projects that address vital issues in cyberspace, from economic resilience to child safety.

This includes the Child Protection in Cyberspace initiative, which focuses on safeguarding children in the digital world.

The forum aims to introduce a “child safe” label for tech products, educational content for parents, and a centralized reporting platform to combat cybercrimes against children.

A significant collaboration with UNICEF will see the launch of a global program spanning over 30 countries, contributing to safer cyberspace for youth. This initiative will also develop the CPC Index, a comprehensive measure of child protection in cyberspace, in partnership with Digital Intelligence Quotient. 

Further strengthening global cybersecurity efforts, the forum unveiled the Women Empowerment in Cybersecurity initiative. 

This effort aims to broaden the talent pool in the sector by encouraging young girls to pursue STEM education while also addressing gender stereotypes in the cybersecurity profession. 

The WEC initiative will support progressive recruitment policies and mentorship programs, empowering women to take on leadership roles in the industry.

These developments reflect Saudi Arabia’s broader strategy to position itself as a leader in the cybersecurity space, in line with its Vision 2030 goals. 

The Kingdom has invested heavily in technology and online safety, recognizing the vital role a secure digital infrastructure plays in economic diversification. 

As Al-Mazyed highlighted during the opening ceremony, the forum is dedicated to pushing the boundaries of knowledge and ensuring a unified, secure global cyberspace.


Closing Bell: Saudi main index climbs to 10,485 

Updated 21 December 2025
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Closing Bell: Saudi main index climbs to 10,485 

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Sunday, gaining 34.32 points, or 0.33 percent, to close at 10,484.59. 

The total trading turnover of the benchmark index stood at SR2.59 billion ($690 million), with 168 listed stocks advancing and 87 declining. 

The Kingdom’s parallel market Nomu also gained 100.37 points to close at 23,454.65. 

The MSCI Tadawul Index advanced by 0.13 points to 1,377.44. 

The best-performing stock on the main market was Nama Chemicals Co., whose share price increased by 9.98 percent to SR22.38. 

The share price of Al Masar Al Shamil Education Co. rose by 9.15 percent to SR23.85. 

Saudi Paper Manufacturing Co. also saw its stock price climb by 8.42 percent to SR57.95. 

Conversely, the share price of Canadian Medical Center Co. dropped by 6.37 percent to SR6.03. 

The stock price of Kingdom Holding Co. also declined by 3.16 percent to SR8.28. 

In the parallel market, Alfakhera for Mens Tailoring Co. was the top performer, with its share price advancing by 16.40 percent to SR8.80. 

On the announcements front, Theeb Rent a Car Co. said it had signed a long-term vehicle leasing services contract valued at SR110.4 million with Hungerstation Co. 

Under the deal, Theeb will lease 2,000 vehicles to HungerStation for a period of four years starting from 2026, according to a Tadawul statement. 

The statement added that the vehicles will be delivered in batches within the first six months from the contract start date, taking into consideration global logistical circumstances and procedures beyond the control of both the agents and the company. 

The contract is expected to have a positive impact on the company’s financials from the first quarter of 2026. 

The share price of Theeb Rent a Car Co. declined by 0.79 percent to SR37.80.