Saudi Arabia to Host MENA’s Largest Cybersecurity Event

Saudi Arabia develops cybersecurity capabilities to limit cyberattacks (Asharq Al-Awsat)
Saudi Arabia develops cybersecurity capabilities to limit cyberattacks (Asharq Al-Awsat)
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Saudi Arabia to Host MENA’s Largest Cybersecurity Event

Saudi Arabia develops cybersecurity capabilities to limit cyberattacks (Asharq Al-Awsat)
Saudi Arabia develops cybersecurity capabilities to limit cyberattacks (Asharq Al-Awsat)

Saudi Arabia will host the international Black Hat event in mid-November, the largest cybersecurity event in the Middle East and North Africa region (MENA), bringing together the most important cybersecurity experts worldwide.

The event is organized in cooperation between the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP) and Informa Tech, in partnership with the General Entertainment Authority (GEA), as part of the Riyadh Season 2022 activities.

The three-day event starts on Nov. 15 at the Riyadh Front Center.

The Black Hat event brings together a group of the most prominent experts and speakers in the field of cybersecurity, with more than 200 officials of the most important authorities in the world.

Black Hat includes training courses with accredited certificates, sessions, workshops, and several competitions with prizes amounting to more than $266,000.

The event targets experts, amateurs, and those interested in cybersecurity.

It also includes an activity area sponsored by NEOM. It has a “Capture the Flag” competition, where competitors take on many challenges to gather the largest number of flags, such as exploiting the loopholes of websites, digital forensic analysis, reverse engineering, encryption, and others.

The competition includes the participation of 1,000 contestants representing 200 teams from 35 countries, competing over three days for the competition prizes, amounting to $186,000.

The activity area also includes the “Gap Rewards Platform” competition, which motivates participants to discover security gaps in actual companies and the total prizes totaling $80,000.

The activity area also includes the “Cyber Village,” with six different challenges, including the car hacking challenge, which aims to educate security experts about the functions of vehicle systems and provide them with practical experience.

The second is the unlocking challenge, a physical security experience where visitors can identify weaknesses in different locks.

The room escape challenge is based on team cooperation, where the contestants solve a series of puzzles within a limited time frame.



Gold Gains on Safe-haven Demand as Trump Expands Trade War

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
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20

Gold Gains on Safe-haven Demand as Trump Expands Trade War

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices rose for a third straight session on Friday, as US President Donald Trump's announcement of new tariffs on Canada and broader tariff threats against other trading partners lifted demand for the safe-haven asset.
Spot gold was up 0.5% to $3,339.99 per ounce, as of 0755 GMT. US gold futures gained 0.8% to $3,351.
"We're seeing some growing demand for gold as a haven. There are investors looking for some safety asset despite stock markets hitting highs. And any dip in gold is seen as a buying opportunity now," said Carlo Alberto De Casa, an external analyst at Swissquote.
On Thursday, Trump said US would impose a 35% tariff on imports from Canada and planned to impose blanket duties of 15% or 20% on most other trade partners, Reuters said.
This follows Wednesday's announcement of a 50% tariff on US copper imports and a similar levy on goods from Brazil, along with tariff notifications sent earlier to other trading partners.
Trump also said the European Union could receive a letter on tariff rates by Friday, throwing into question the progress of trade talks between Washington and the 27-nation bloc.
"Rising trade tensions have reinvigorated demand for haven assets such as gold amid the prospect of an economic slowdown. The more dovish Fed is also boosting investor appetite," analysts at ANZ wrote in a note.
Data on Thursday showed weekly jobless claims in the US fell unexpectedly to a seven-week low, indicating stable employment levels.
Federal Reserve Governor Christopher Waller on Thursday reiterated his belief the central bank could cut interest rates at its policy meeting later this month.
Meanwhile, Fed Bank of San Francisco President Mary Daly said two rate cuts remain on the table for this year.
Lower rates boost non-yielding gold's appeal.
Elsewhere, spot silver rose 0.9% to $37.37 per ounce, platinum fell 1% to $1,346.81 and palladium climbed 1.3% to $1,156.44.