Cisco Says Networks Are Core to AI, Saudi Arabia Faces Readiness Test

Cisco CEO Chuck Robbins delivers the opening keynote before tens of thousands of attendees. (Cisco)
Cisco CEO Chuck Robbins delivers the opening keynote before tens of thousands of attendees. (Cisco)
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Cisco Says Networks Are Core to AI, Saudi Arabia Faces Readiness Test

Cisco CEO Chuck Robbins delivers the opening keynote before tens of thousands of attendees. (Cisco)
Cisco CEO Chuck Robbins delivers the opening keynote before tens of thousands of attendees. (Cisco)

Cisco used its annual Cisco Live 2026 event to present artificial intelligence as a new test for infrastructure, not merely a software wave or a move toward smarter applications.

The main message at the event was that as organizations move from chatbots to AI agents capable of carrying out tasks, networks, security, observability, identity, and digital resilience are becoming part of one operating equation.

That idea featured strongly in the keynote speech by Cisco Chair and CEO Chuck Robbins, who returned to the company’s history in networking to explain that the power of any technological revolution is not complete unless its elements are connected to one another.

He said models, graphics processing units, applications and agents are all important, but they become more powerful when linked through a network capable of supporting and securing them.

He noted that network traffic linked to AI could triple over the next three years, as robots, manufacturing and physical AI enter operating environments.

One platform to run and defend infrastructure

The most prominent announcement at Cisco Live 2026 was the launch of Cisco Cloud Control, a unified platform to manage, monitor and secure technology infrastructure, designed so humans and AI agents can operate in the same environment and rely on the same operational data.

Cisco says the platform brings together networking, security, computing, observability and collaboration in a single interface. It allows users to build applications and agents using natural language and connect them to an ecosystem of external tools.

The company describes the platform as the operational foundation for its Agentic Ops vision, meaning infrastructure operations assisted by agents capable of detecting problems, analyzing their causes, proposing fixes, testing changes before they are implemented and then confirming that the user experience has returned to normal.

Jeetu Patel, Cisco’s President and Chief Product Officer, said AI agents reason and act continuously at software speed, and that changes everything about how we scale, manage and defend critical infrastructure.

He said the platform serves as a command center for agentic AI, where human teams and AI agents operate in the same environment and share the same information, while humans remain in control.

Saudi Arabia and the difficult readiness test

Asked by Asharq Al-Awsat about the biggest readiness gap facing Saudi organizations as they move toward agentic AI, and about the role Cisco wants to play in closing that gap, from secure connectivity and observability to identity, governance and skills, Robbins said the challenge is not limited to Saudi Arabia alone, but is linked to every organization’s effort to balance the desire to move quickly with maintaining a trusted security posture.

He said organizations are trying to understand the “fine line” between benefiting from new AI capabilities and dealing with the trust and security issues everyone knows are present.

On the same issue, Patel said the readiness gap in markets such as the Middle East is not only about the strategic decision to adopt AI, but also about the complexity of building the infrastructure itself.

These projects, he said, need time because every stage carries a level of complexity, from securing power, obtaining permits and preparing the right architecture, to managing data movement and capacity inside data centers so the infrastructure is not placed under pressure beyond its capability. Government regulatory requirements also enter the equation, making large-scale AI projects complex undertakings rather than a matter of buying ready-made technology.

Patel said, however, that the pace of movement in the Middle East has become faster than he would have expected a few years ago. He pointed to “significant momentum” in the region and said Cisco leaders had visited it several times and planned to return in the coming months, signaling continued work with its markets.

Liz Centoni, Cisco’s Executive Vice President and Chief Customer Experience Officer, linked the readiness gap in her remarks to Asharq Al-Awsat to two main areas.

The first is that organizations can no longer view infrastructure devices as ordinary operating assets, because these devices have become central to a new generation of attacks. Owning the technology is therefore not enough.

Organizations must change their internal operating model, especially how they handle vulnerabilities and security updates. Patching cycles that once took days or months are no longer suitable, and organizations may need to move toward a response measured in hours, or perhaps minutes.

The second area is quantum readiness. Centoni pointed to the risks of “harvest now, decrypt later” attacks, in which encrypted data may be collected today in the hope of decrypting it later as quantum computing advances.

She said many organizations may not even understand the level of their exposure to this type of risk and may be surprised by the results of quantum readiness assessments when they discover weaknesses in their current infrastructure.

The network is no longer a technical background

In a special interview with Asharq Al-Awsat on the sidelines of the event, Gordon Thomson, Cisco’s President for Europe, the Middle East and Africa, said the biggest change in the move from chatbots to agentic AI is that organizations are becoming more dependent on the network than ever before.

He said AI agents may not be in the same location. They may operate from desktops or small computers, inside data centers or across multiple cloud environments, making the network’s performance, reliability and security decisive factors in achieving returns from AI.

AI moves the world, but Cisco moves AI, according to Thomson, referring to the network as the layer that connects models, agents, systems and users.

Thomson added that GPUs are important, but they need a network to connect them, and that network is often built on Cisco technologies or on Ethernet. In this sense, he does not see the network as a silent technical layer, but as a foundation for operating AI itself, whether inside Saudi Arabia or beyond.

On the gaps that hinder the adoption of agentic AI, Thomson distinguished between infrastructure, trust and data, but said differences between Europe, the Gulf and Africa may not be geographical as much as sectoral. Government entities, banks, telecommunications companies and industrial sectors may approach trust, governance and security in different ways.

But he said what he sees in the Middle East and Saudi Arabia is a growing awareness of the importance of data, and clear investment in observability technologies and in understanding what is happening inside digital environments.

That point shifts the discussion from “Do we have the data?” to “Can we use it to operate AI safely?” Organizations may have vast amounts of data, but they need to link it to an operational context and understand what is happening across networks, applications, devices and agents.

Security as a layer inside the infrastructure

Cisco’s announcements in Las Vegas reflect a clear conviction that security is no longer a layer added after infrastructure is built but must be part of it from the beginning. The new platform brings together data from networking, security, observability, and collaboration, allowing humans and agents to work on the same context.

The company is also expanding Live Protect to shield its products from new vulnerabilities during operation, without rebooting, upgrading or opening a maintenance window.

According to Cisco, this approach is linked to the collapse of the time between vulnerability discovery and exploitation from weeks to minutes. The company also says reactive defense is no longer enough in an environment where attacks can accelerate with the help of advanced AI models.

The announcements also include Hybrid Mesh Firewall, which expands protection across networks, applications and firewalls from Cisco and third parties, with the aim of reducing the scope of damage when an incident occurs. On agents, Cisco speaks of protecting agents from the outside world and protecting enterprise resources from the agents themselves, through tools such as AI Defense, Zero Trust for agents and Agentic SOC.

Thomson said Cisco is not speaking only about delivering AI but about delivering “secure AI.”

He said the issue is about defining policy, enforcing it, and having the ability to mitigate the impact of any exposure or problem when it occurs. He said this is what Cisco brings to the table, drawing on its ability to capture data and use it to address customer challenges.

Is this a boardroom issue?

One notable shift in Cisco’s language this year is its move to take the network out of the category of invisible infrastructure and place it in the category of strategic risk. In his meeting with Asharq Al-Awsat, Thomson said that every company’s infrastructure has now become digital infrastructure, and that boards are beginning to understand that “the things that connect everything” are important and vital to business continuity.

He said the central issue boards must consider is digital resilience, adding that Cisco’s purchase of Splunk came in the context of using data more effectively to support it.

He said a conversation with a board 12 or 18 months ago about the importance of the network might not have received the same attention. Today, however, any board understands the importance of the network and the need to protect it, modernize it, and improve its reliability.

This point leads directly to Saudi Arabia and the Gulf, where government services, energy, transport, smart cities, health services and financial services are being transformed into interconnected digital systems. In such environments, a network outage is not a technical problem inside a server room, but a matter of service continuity, trust and operations.

From abundant data to decision-making power

Cisco places observability and data at the center of its new message. Cisco Cloud Control not only provides unified visibility, but relies on cross-domain telemetry, meaning the collection of operational data from networks, security, applications, users and agents, and linking it in one context.

The goal is for humans and agents to work on the same information to address issues such as uptime, agent behavior, and tokenomics.

In Gulf markets, this discussion does not appear theoretical. Large organizations in Saudi Arabia, especially in regulated sectors, need to link speed with control. AI agents may soon enter customer service, security, network management, data analysis, supply chains, programming, and internal operations.

But the question is not only what an agent can do, but who allowed it to do so? With what authority? Under what policy? And how can what it did be known later?

For this reason, Thomson stressed that the Zero Trust approach is essential, saying that everything starts there, with identity and privileges built on top, so that no user or agent gains access except through the required privileges and credentials.

Quantum security: Tomorrow’s threat enters today’s agenda

Cisco dedicated part of its conference announcements to the post-quantum computing track, pointing to “harvest now, decrypt later” attacks, in which encrypted data is collected today in the hope of decrypting it later as quantum capabilities develop.

The company said it is committed to enabling quantum secure communication capabilities across most of its core portfolio by December 2026, with the launch of a new series of routers, switches, and firewalls equipped with quantum safe secure boot, as well as Quantum Ready Assessments through Cisco IQ to identify the assets most exposed to these risks.

This does not mean every organization needs to change its infrastructure immediately, but it reflects a shift in thinking.

Organizations building AI infrastructure today in long-life sectors such as energy, government, telecommunications and finance cannot separate their current decisions from risks that will emerge over the coming years. Quantum readiness, therefore, becomes part of a broader concept of digital resilience.

The Middle East between speed and sovereignty

In the Middle East, three factors intersect to make Cisco’s message more relevant to the region: the speed of investment, the sensitivity of data and the need for sovereignty.

Saudi Arabia, in particular, is moving from the stage of announcing strategies to the stage of building infrastructure, operating it and linking it to sectors. But this shift raises questions about where data is operated, who has the right to access it, how agents are monitored, and which model is most appropriate for cloud, on-premises infrastructure, or hybrid environments.

In his remarks to Asharq Al-Awsat, Thomson did not see differences between the Middle East and Europe as always geographical in nature, but he acknowledged that priorities may differ.

The region is moving quickly and has clear ambition, but that increases the importance of control, resilience, and security. Sovereignty, from this perspective, becomes more than a question of where data is stored. It is also linked to control over infrastructure, operating choices, the ability to recover and trust in the support chain.

The test of the next phase

What emerged from Cisco Live 2026 is an attempt to redefine the network’s role in the age of AI. The network is no longer a silent background, nor merely a transport layer. The company says the network is becoming the place through which agents’ decisions pass, policies are enforced, data is captured and resilience is measured.

For Saudi Arabia and the Gulf, this vision carries a clear significance. The next phase of AI will not be measured only by the size of data centers, the number of processors, or the speed at which services are launched, but by institutions’ ability to operate this system securely, reliably and resiliently.

As AI systems move from answering to acting, the infrastructure that connects, protects and monitors them becomes part of strategic decision making, not merely a technical detail.



SpaceX Leveraged Fund Providers Hit by Day-one Launch Setback, Sources Say

The SpaceX logo and a rising stock graph in this illustration, taken June 11, 2026. REUTERS/Dado Ruvic/Illustration
The SpaceX logo and a rising stock graph in this illustration, taken June 11, 2026. REUTERS/Dado Ruvic/Illustration
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SpaceX Leveraged Fund Providers Hit by Day-one Launch Setback, Sources Say

The SpaceX logo and a rising stock graph in this illustration, taken June 11, 2026. REUTERS/Dado Ruvic/Illustration
The SpaceX logo and a rising stock graph in this illustration, taken June 11, 2026. REUTERS/Dado Ruvic/Illustration

Asset managers eager to roll out leveraged exchange-traded funds tied to SpaceX on its first trading day have been told to delay the launch until Monday, four sources familiar with the matter said.

The setback denies speculators and traders a chance to capture what many expect could be a strong first-day pop in the shares of the blockbuster IPO, while managers will have to wait for the influx of capital into their products, Reuters said.

"We had really wanted to be out on Friday," said Matt Markiewicz, head ‌of product and ‌capital markets at Tradr ETFs, declining to comment on the ‌delay. ⁠The firm's 2x ⁠long and 2x short ETFs will now debut Monday on Cboe Global Markets .

"There is a lot at stake; these products could end up holding a total of more than $10 billion" in assets, Markiewicz added.

Asset managers seeking SEC approval to launch the ETFs had hoped to trade in lockstep with SpaceX's market debut, several of the issuers said.

Instead, exchanges told them on Wednesday the listings would need to be pushed to the first trading day following ⁠the IPO, according to four sources. The exchanges cited SEC concerns ‌that coupling the ETF launches with leveraged products could complicate ‌the SpaceX debut, three sources said.

The SEC did not respond to requests for comment. ‌A spokesman for the Nasdaq Stock Market, which will be home to the SpaceX IPO ‌as well as some of the ETFs, declined comment. Cboe Global Markets and the New York Stock Exchange could not immediately be reached for comment.

While there is no precedent for leveraged funds - introduced in the US less than four years ago and surging in number over the past ‌12 months - to launch alongside an underlying stock, asset managers had hoped to gain an edge in what analysts say could be ⁠a multibillion-dollar race ⁠for assets in the first weeks of trading.

"There are billions at stake in the first few weeks alone," said Todd Sohn, an ETF analyst at Strategas.

Major players in the leveraged stock arena, including Direxion, GraniteShares, ProShares and Defiance, plan to roll out 2x leveraged long ETFs as soon as they are permitted to do so, according to their filings and advertisements on investment forums and social media sites.

"Investors will have multiple options; they will be able to get SpaceX exposure because of early entry on the part of passive index providers, or through the stock itself, or through the leveraged (ETF) ecosystem, which adds up to a pretty robust mechanism for price discovery," said Simeon Hyman, global investment strategist at ProShares.

He said his firm had no plans to launch early and was comfortable waiting until Monday. "The intent of everybody is to have this (IPO) work smoothly."


Türkiye Central Bank Commits to Continued Disinflation Path

 A man carries goods on his shoulder on a hot day in Istanbul, Wednesday, June 3, 2026. (AP)
A man carries goods on his shoulder on a hot day in Istanbul, Wednesday, June 3, 2026. (AP)
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Türkiye Central Bank Commits to Continued Disinflation Path

 A man carries goods on his shoulder on a hot day in Istanbul, Wednesday, June 3, 2026. (AP)
A man carries goods on his shoulder on a hot day in Istanbul, Wednesday, June 3, 2026. (AP)

Turkish Central Bank Governor Fatih Karahan said on Friday that price stability remains the top priority and that the disinflation process will continue despite recent ‌geopolitical tensions.

The ‌governor said ‌policy ⁠tools and strong ⁠reserves provide the means to sustain disinflation, and that a rebalancing in domestic demand is ⁠expected to continue ‌supporting ‌the process.

Governor said ‌the central bank ‌will continue to monitor all factors affecting the inflation outlook.

Loan ‌growth is moving toward a more ⁠balanced ⁠path, the governor said, citing the latest policy measures.

Strong reserves alongside policy tools act as buffers against geopolitical risks to disinflation.


Dollar Steadies as Traders Weigh Prospects for Iran Ceasefire

A US $100 dollar bill is seen on December 17, 2009. (Reuters)
A US $100 dollar bill is seen on December 17, 2009. (Reuters)
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Dollar Steadies as Traders Weigh Prospects for Iran Ceasefire

A US $100 dollar bill is seen on December 17, 2009. (Reuters)
A US $100 dollar bill is seen on December 17, 2009. (Reuters)

The dollar found its footing on Friday after sliding the previous day as traders waited for confirmation that a ceasefire deal in the Middle East could be imminent.

The euro bounced around and was last very slightly higher at $1.158, near its strongest in a week after the European Central Bank's first interest rate hike in three years on Thursday.

The US dollar was up 0.1% against Japan's currency at 160 yen, keeping it around a key level at which traders tend to get nervous about intervention from Tokyo.

The British pound fell very slightly to $1.341. Data showing the economy contracted in April appeared to have little impact, with the focus on Iran ‌talks.

US President Donald ‌Trump said on Thursday the United States and Iran could ‌sign ⁠a peace deal ⁠as soon as this weekend that would reopen the Strait of Hormuz to shipping. Brent crude slid 3.6% to $87 a barrel on Friday.

Iran's semi-official Mehr news agency said on Friday the memorandum, which contained US commitments to lifting sanctions and its naval blockade, required finalization by the relevant authorities.

Yet analysts and investors sounded a skeptical note, saying potential breakthroughs have previously failed to materialize.

"There's a question around the hopes of a deal, ⁠and questions around whether it will be met and agreed upon ‌by Iran and the United States," said Michael ‌Wan, senior currency analyst at Mitsubishi UFJ Financial Group in Singapore.

"It sounds like it's quite ‌close, but they're not exactly at the finish line."

The US dollar index, which ‌measures the greenback's strength against a basket of six currencies, was flat at 99.68 after slumping to its weakest in a week on Thursday.

Investors have flocked to the safe-haven dollar when tension in the Iran war has flared, and sold it to buy stocks when peace talks ‌have appeared to make progress.

"For today, the market will again be headline-driven. Will Vice President JD Vance be getting ⁠on a plane ⁠to Europe to sign some kind of agreement?" asked Chris Turner, global head of markets at ING.

"And more importantly, will we receive confirmation from Iran that it is happy with a deal and will also be sending a delegation to Europe this weekend? Expect the dollar to be bounced around."

Data on Thursday showed US producer prices increased more than expected in May, ahead of Kevin Warsh's first rate-setting meeting as chair of the Federal Reserve next week.

Traders expect the Fed to keep rates steady at 3.5% to 3.75%but see a more than 50% chance that it raises them by the end of the year, with pricing pulled slightly lower on Thursday by Trump's comments about a potential deal.

In cryptocurrencies, bitcoin was up 0.1% at $63,430 but down 13% for the month so far.