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Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace

Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace
The fifth Global Cybersecurity Forum in Riyadh announced major initiatives to scale cohesive advances in cyberspace as well as strengthen online resilience. (Abdulrahman Fahad Bin shulhub/AN)
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Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace

Global Cybersecurity Forum launches initiatives to scale cohesive advances in cyberspace
  • Riyadh’s governor opens two-day event

RIYADH: The fifth Global Cybersecurity Forum opened in Riyadh on Wednesday and announced major initiatives to scale cohesive advances in cyberspace as well as strengthen online resilience.

Majed bin Mohammed Al-Mazyed, the governor of the National Cybersecurity Authority, spoke of the annual forum’s focus on advancing collective action, and the road map set by previous editions over the five years.

He said the GCF and the World Economic Forum had established the Centre for Cyber Economics to work together for inclusive and secure cyberspace.

The GCF and the WEF in January this year signed an agreement to establish the CCE in Riyadh, aimed at increasing knowledge and understanding of the economic challenges and opportunities emerging in the rapidly evolving cyber landscape. The agreement was signed at the WEF Annual Meeting 2025 in Davos.

Al-Mazyed said: “The global economy depends on cyberspace, yet our collective understanding of the economic dimensions of cybersecurity remains limited.”

The CCE will focus on the economic dimension of cybersecurity, driving research, fostering cross-sector collaboration, and developing robust, evidence-based frameworks to enhance global cyber resilience, economic stability, and prosperity.

“In this spirit, I am pleased to announce that the Kingdom is launching a global initiative for capacity building in cyberspace in partnership with the UN,” said the NCA’s governor.

By harnessing the expertise of a wide range of international stakeholders, this initiative will deliver accelerated capacity development in the areas of greatest need, from training and education to research and development, he added.

The UN Secretary-General Antonio Guterres delivered a video address to the GCF community at GCF 2025, emphasizing how working together will secure cyberspace.

He said: “We must act together to ensure cyberspace serves the common good.

“The United Nations remains committed to advancing a vision of cyberspace that is open, secure and anchored in international law. To achieve this vision, we are working to ensure all countries have the capacity to maximize digital opportunities while minimizing risks.”

Opening the annual forum, Riyadh Gov. Prince Faisal bin Bandar expressed positivity, saying: “We are quite confident that global experts and specialists who are attending the forum will contribute in scaling cohesive advancement in cyberspace and together we will achieve cybersecurity.”

The opening session emphasized scaling progress in cyberspace. Key initiatives announced included the Child Protection and Cyberspace Initiative, launched with DQ Institute, to safeguard children online, and the CPC Index framework.

The Child Protection in Cyberspace Index at the GCF marks a groundbreaking milestone in the global effort to safeguard children online. The CPC initiative, instated by Crown Prince Mohammed bin Salman, underscores a global commitment to promoting the digital well-being of children worldwide.

Bridging the gender gap, the GCF aims to bridge the 2.8 million workforce gap in cybersecurity, focusing on women’s participation, with joint research from Duke University and leadership training programs.

In addition, a new knowledge community on aviation cybersecurity was launched, in partnership with Riyadh Air.

The two-day GCF 2025, being held with the theme “Scaling Cohesive Advancement in Cyberspace,” and under the patronage of King Salman, brings together global leaders, senior decision-makers, policymakers, industry experts and other international stakeholders for action-oriented collaboration around key challenges and opportunities in cyberspace.

It aims to scale the cohesive advancements accomplished by the GCF community, elevating their scope, capacity, and impact to advance toward a more secure and resilient cyberspace for all.

It focuses on five sub-themes: “Beyond the Inflection Point,” “Cyber Economics Redefined,” “Strengthening Cyber Inclusion,” “Behavioral Lens in Cyberspace,” and “Opportunities at the Cyber Horizon.”

Across the sub-themes, the GCF 2025 advances dialog toward building a secure and reliable cyberspace that supports economic growth, societal prosperity, individual security, and national stability.

Within this framework, it will address shared priorities such as fostering alignment in a rapidly evolving global landscape; advancing cyber economic cohesion to enable scalable growth and shared prosperity; strengthening collective action for a human-centered and inclusive cyberspace; leveraging behavioral insights to influence actions, counter manipulations, and foster safe cyber environments; and harnessing technological advancements to tackle fast-evolving challenges in cyberspace.

From its inception as an annual event in 2020, the GCF has evolved into a platform that works year-round to strengthen the safety and resilience of cyberspace.


Saudi POS transactions climb 3% to $3.4bn on strong consumer spending 

Saudi POS transactions climb 3% to $3.4bn on strong consumer spending 
Updated 25 sec ago

Saudi POS transactions climb 3% to $3.4bn on strong consumer spending 

Saudi POS transactions climb 3% to $3.4bn on strong consumer spending 

RIYADH: Consumer spending in Ƶ accelerated last week, with point-of-sale transactions rising 3 percent to SR12.77 billion ($3.40 billion), driven by higher spending across most sectors, official data showed. 

According to figures from the Saudi Central Bank, also known as SAMA, the number of transactions edged up 1.7 percent to 221.43 million in the week ending Sept. 27. 

The sustained momentum highlights consumer confidence and the Kingdom’s ongoing digital payments transformation under Vision 2030 initiatives. 

Spending on recreation — the fastest-growing subsector — surged 16 percent during the week to SR255.27 million, with 2.77 million transactions, boosted by anticipation of Riyadh Season, the Kingdom’s flagship entertainment festival set to begin later this month. 

Telecommunication spending came second, rising 12 percent to SR155.73 million. Personal care rose by 10.3 percent to SR114.01 million, while the number of transactions increased by 7.2 percent to 2.37 million. 

Expenditure on apparel and clothing rose 7.9 percent to SR951.08 million, with transaction volumes climbing 9.5 percent to 8.63 million. 

On the downside, education posted the steepest drop, falling 34.3 percent to SR113.43 million. Freight transport, postal and courier services also declined, down 11.2 percent to SR28.23 million. 

Food and beverages — the sector with the biggest share of total POS value — recorded a 2.3 percent increase to SR1.85 billion, while the restaurants and cafes sector saw a 9.7 percent increase, totaling SR1.59 billion and claiming the second-biggest share of this week’s POS. 

Notably, spending in gas stations claimed the third biggest share at SR948.56 million despite a 0.7 percent decline. 

The top three categories accounted for approximately 34.37 percent of the week’s total spending, amounting to SR4.39 billion. 

Furniture and home supplies saw an 11.9 percent increase to SR682.05 million, expenditure on laundry services rose 2.5 percent to SR44.56 million. 

Geographically, Riyadh dominated POS transactions, with expenses in the capital reaching SR4.55 billion, a 1.5 percent increase from the previous week.  

Jeddah followed closely with a 1.9 percent rise to SR1.80 billion, while Dammam ranked third, up just 0.8 percent to SR640.83 million. 


Saudi unemployment eases to 3.2% in Q2 on continued labor market strength 

Saudi unemployment eases to 3.2% in Q2 on continued labor market strength 
Updated 01 October 2025

Saudi unemployment eases to 3.2% in Q2 on continued labor market strength 

Saudi unemployment eases to 3.2% in Q2 on continued labor market strength 

RIYADH: Ƶ’s overall unemployment rate stood at 3.2 percent in the second quarter of 2025, down 0.1 percentage point year on year, underscoring ongoing labor-market resilience. 

According to the General Authority for Statistics, the yearly decline came even with a slight 0.4 point rise compared with the preceding quarter. 

The data also showed the total labor force participation rate reached 67.1 percent, up 0.9 points year on year, indicating that more people are engaged in work or actively seeking jobs.

The year-on-year improvement in headline unemployment, alongside higher overall participation, aligns with the Kingdom’s broader diversification push under Vision 2030, which seeks to expand private-sector opportunities and sustain non-oil growth. 

A central pillar of this strategy has been Saudization policies, designed to increase the share of nationals in the workforce, especially in sectors traditionally dominated by expatriates. These efforts have been reinforced by record gains in female participation, which has nearly doubled over the past decade and remains a critical driver of labor-market expansion. 

Among Saudi nationals, the unemployment rate registered 6.8 percent, improving by 0.3 points year on year. The employment-to-population ratio for Saudis came in at 45.9 percent, while Saudi participation stood at 49.2 percent, both lower on a yearly basis, reflecting a temporary easing in engagement after strong gains in recent periods. 

In its latest release, GASTAT stated: “The results showed that 95.8 percent of unemployed Saudis are willing to accept job offers in the private sector.” 

By gender, Saudi women saw an unemployment rate of 11.3 percent in the second quarter, up 0.8 percentage points compared to the preceding quarter. Female participation eased 1.8 points to 34.5 percent, and the female employment-to-population ratio slipped 1.9 points to 30.6 percent, moves consistent with the broader quarterly cool-down. 

The report added: “Additionally, 61.1 percent of unemployed Saudi females and 45.1 percent of unemployed Saudi males are willing to commute to work for at least one hour.” 

For Saudi men, participation declined 2.4 points to 64 percent, and their unemployment rate ticked up to 4.3 percent during the same period. 

While quarter-on-quarter easing in participation and a slight rise in unemployment reflect normal variability during a heavy project delivery cycle, the annual trend remains favorable. 

Youth indicators offered a mixed but generally stabilizing picture quarter to quarter. The unemployment rate for Saudi female youth, aged 15 to 24, edged down 0.1 points to 20.6 percent, with participation at 17.4 percent and an employment-to-population ratio of 13.8 percent. 

Saudi male youth unemployment also dipped 0.1 points to 11.5 percent, with participation at 31.6 percent and employment-to-population at 28 percent. 

Among core working-age Saudis aged 25 to 54, participation was 67.3 percent and unemployment 5.9 percent in the second quarter, reflecting a quarter-on-quarter softening from elevated first quarter levels. 

The survey also shed light on job-search behavior. Unemployed Saudis used an average of 3.6 active methods, led by direct applications to employers at 72.4 percent, use of the national platform Jadarat at 56.3 percent, and tapping friends or relatives at 50.5 percent, a snapshot of how jobseekers are engaging with both formal and informal channels. 

Furthermore, the findings noted that 68.1 percent of unemployed Saudi females and 85.7 percent of unemployed Saudi males indicated that they are willing to work for eight hours or more per day. 

Globally, the average unemployment rate across the Organization for Economic Co-operation and Development countries is just 4.9 percent as of mid-2025, according to the OECD’s latest data, underscoring how Saudi is performing below many advanced economies. 

Ƶ’s 3.2 percent positions it well below many advanced economies. 

Within the Gulf Cooperation Council region, unemployment rates and labor dynamics vary significantly. Ƶ’s joblessness remains higher than some Gulf peers with small national populations and high migrant ratios, such as the UAE or Kuwait, whose official unemployment rates are often reported in the low single digits. 


Saudi Economic Council reviews growth as Vision 2030 advances

Saudi Economic Council reviews growth as Vision 2030 advances
Updated 01 October 2025

Saudi Economic Council reviews growth as Vision 2030 advances

Saudi Economic Council reviews growth as Vision 2030 advances

RIYADH: The Council of Economic and Development Affairs held a video conference to review a series of key economic and strategic reports.

The council examined the Ministry of Economy and Planning’s periodic report, which assessed the global economy, including forecasts for trade volume in 2025, performance trends in major economies, and ongoing external challenges to the Kingdom. 

The report affirmed the continued resilience and diversification of Ƶ’s economy in line with Vision 2030, noting a recovery in non-oil activities, which now account for 56 percent of gross domestic product, and highlighting sustained private-sector growth.

The council also reviewed the Strategic Management Office’s quarterly update on Vision 2030 realization programs and national strategies for the second quarter. The report showcased achievements across national plans, performance indicators, and future aspirations, underscoring steady progress under Vision 2030’s three core pillars: a vibrant society, a thriving economy, and an ambitious nation.

The council reviewed the second-quarter performance report of public agencies, submitted by the National Center for Performance Measurement, also known as Adaa. The report outlined efforts to support and empower government bodies in achieving Vision 2030 goals, presented overall results of national strategies, and included data on beneficiary satisfaction with government services, as well as future aspirations and planned steps.

A joint presentation by the Saudi Halal Center and the Halal Products Development Co. highlighted progress in the halal sector, including its size, key achievements, development pathways, targeted sub-sectors, and proposed solutions to challenges.

The council also reviewed other agenda items, among them a semi-annual update from the National Center for Privatization and PPP on supervisory committee reports, along with annual summaries from the Quality of Life Program Center and the Digital Content Council.

The council also reviewed a range of policy and procedural matters, including unified Gulf Cooperation Council rules to empower persons with disabilities and intellectual property initiatives covering patents, utility models, plant varieties, integrated circuit layouts, and design systems.

It was also briefed on the annual report of the Citizen Account Program and received executive summaries on key economic indicators such as GDP and national accounts, foreign trade, the Consumer Price Index, and wholesale prices, along with the underlying reports.

The council concluded by adopting the necessary decisions and recommendations on these matters.


Thai AirAsia X announces Riyadh-Bangkok direct service to connect capitals

Thai AirAsia X announces Riyadh-Bangkok direct service to connect capitals
Updated 01 October 2025

Thai AirAsia X announces Riyadh-Bangkok direct service to connect capitals

Thai AirAsia X announces Riyadh-Bangkok direct service to connect capitals
  • New service set to begin in December
  • Route will cut journey time, making travel easier for leisure, business

RIYADH: Thai AirAsia X, which operates under a low-cost business model, has announced its first-ever direct flights between Riyadh and Bangkok.

The new route will commence on Dec. 2, with four weekly flights every Tuesday, Thursday, Saturday, and Sunday, reinforcing AirAsia’s strategy of expanding its network into the Middle East.

Thailand’s Ambassador to Ƶ Darm Boontham congratulated Thai AirAsia X on the move, which will connect the capitals of Thailand and Ƶ.

Speaking at Thailand’s Embassy on Tuesday, he said: “This route marks a new era of connectivity between the two kingdoms, building bridges for trade, investment, cultural exchange, and personal connections.

“It will strengthen our relationship, fostering friendship and mutual understanding, and open new opportunities for both nations.

“Thai AirAsia X’s expansion to this region is a prime example of how to grasp the immense growth potential the Middle East offers to Thai businesses.”

He thanked Ƶ’s Ministry of Foreign Affairs, the General Authority of Civil Aviation, and King Khalid International Airport for their support. 

Thailand ambassador Darm Boontham speaking at press conference at the embassy in Riyadh. (AN photo/Rashid Hassan)

Ahman Mad-Adam, director of the Tourism Authority of Thailand in Dubai, said: “The launch of Thai AirAsia X’s Riyadh-Bangkok service is a milestone that will strengthen tourism and people-to-people ties between Thailand and Ƶ.

“This direct connectivity makes travel more seamless and opens opportunities for Saudi visitors to explore Thailand’s diverse offerings — from world-class hospitality, shopping, and medical tourism to halal-friendly services and natural attractions.

“With this new route, we are confident Ƶ will be one of Thailand’s fastest-growing source markets, driving sustainable tourism growth in the years ahead.”

Pattra Boosarawongse, CEO of Thai AirAsia X, said: “The launch of flights between Riyadh and Bangkok is a significant milestone in connecting the people of Thailand and Ƶ and strengthening ties between the two countries.

“For travelers from Riyadh, this new route gives them access to the best of Bangkok — from its rich culture and cuisine to its shopping and world-class hospitality — as well as connectivity to AirAsia’s extensive network across ASEAN, and Asia. 

Pattra Boosarawongse, CEO of Thai AirAsia X speaking at press conference at Thailand embassy in Riyadh. (AN photo/Rashid Hassan)

“We view Riyadh as a strategic destination that aligns with AirAsia Group’s fleet expansion and network development. This launch will not only serve Thai travelers but also guests from across ASEAN — including Malaysia, Indonesia, and the Philippines — as well as from Japan, who can now conveniently connect to Riyadh through our extensive network.”

She added that the new service will not only serve as a bridge between Riyadh and Bangkok, but also connect the two countries and their cultures.  

For Saudi travelers, Bangkok is a gateway to Thailand’s renowned destinations such as Phuket, Chiang Mai, and Krabi, which are especially popular for leisure and family travel.

In addition, Thailand has long been recognized as a leading destination for medical tourism, with world-class healthcare facilities, while also catering to Muslim travelers with halal-friendly services and diverse lifestyle options.

The new direct route will shorten the journey time between Riyadh and Bangkok to just seven-and-a-half hours, making travel easier and more accessible for both leisure and business purposes.

Saudi nationals will also benefit from Thailand’s e-visa and visa-on-arrival facilities, which simplify entry procedures and enhance convenience for inbound visitors.

Thai AirAsia X operates under a low-cost business model. Guests have the option to purchase additional services according to their preferences, including seat selection, baggage allowance, and hot meals.

The flights will be operated by Thai AirAsia X’s widebody Airbus A330 aircraft, configured with 285 seats, including 30 premium flatbeds and 255 standard economy seats.


Saudi fund leads investors in $55bn buyout of games maker Electronic Arts

Saudi fund leads investors in $55bn buyout of games maker Electronic Arts
Updated 30 September 2025

Saudi fund leads investors in $55bn buyout of games maker Electronic Arts

Saudi fund leads investors in $55bn buyout of games maker Electronic Arts
  • Deal will give Ƶ larger presence in esports industry, according to analysts
  • Jared Kushner’s Affinity Partners, private equity firm Silver Lake joining consortium to acquire 100% of EA, largest leveraged buyout in history

LONDON: Ƶ’s Public Investment Fund is leading a consortium of investors, including Jared Kushner’s Affinity Partners and private equity firm Silver Lake, to acquire Electronic Arts, the popular video game developer, in an unprecedented $55 billion deal.

The buyout will involve a combination of about $36 billion in cash, equity already held by the PIF, and about $20 billion in debt, as announced on Monday, to be financed by JPMorgan.

The deal will give Ƶ a larger presence in the esports industry, according to analysts. The Kingdom has hosted the Esports World Cup in Riyadh, and the gaming and esports sectors are significant contributors to the PIF’s efforts to diversify the Saudi economy.

EA has been creating popular video games since its establishment in Redwood City, California, in 1991. Some of its well-known titles include EA FC, Battlefield, and Madden NFL. EA FC has sold 325 million copies since its first release in 1993. These games were initially available on PCs and later gained popularity on PlayStation and other consoles in the late 2000s.

The deal will “position EA to accelerate innovation and growth in building the future of entertainment,” the company said.

It is believed to be the largest leveraged buyout in history, where a substantial portion of the purchase is financed through borrowing, according to the BBC.

The PIF, Affinity Partners, and Silver Lake will acquire all publicly traded shares of EA and take the company private. As a result, EA will no longer be listed on any stock exchange.

EA said in a statement to its shareholders: “The transaction represents the largest all-cash sponsor take-private investment in history, with the consortium partnering closely with EA to enable the company to move faster and unlock new opportunities on a global stage.”

The PIF will maintain its current 9.9 percent stake in EA, and the transaction is anticipated to close in the first quarter of 2027. Andrew Wilson, EA’s chairman and CEO, who will remain in his position, said that the deal was a strong acknowledgment of the company’s efforts.

He said: “Looking ahead, we will continue to push the boundaries of entertainment, sports, and technology, unlocking new opportunities.”

Turqi Alnowaiser, deputy governor and head of international investments at the PIF, said the company “is uniquely positioned in the global gaming and esports sectors, building and supporting ecosystems that connect fans, developers, and IP creators.”

He added: “PIF has demonstrated a strong commitment to these sectors, and this partnership will help further drive EA’s long-term growth, while fueling innovation within the industry on a global scale.”

The PIF acquired the gaming division of Niantic in March for $3.5 billion. Saudi companies have also invested in major gaming firms, such as Nintendo and Take-Two Interactive.

Egon Durban, co-CEO at Silver Lake, said that the consortium aimed to accelerate innovation at EA and enhance its international reach.

Jared Kushner, CEO of Affinity Partners, called EA an extraordinary company with a top-notch management team and a bold future vision, adding: “As ​someone ​who ​grew up playing their ​games, and now enjoys them with his ​kids, I couldn’t be ​more ​excited about ​what’s ​ahead.”