عربي English Türkçe اردو فارسى
Logo
Latest News
Technology

Saudi National Cybersecurity Authority to Hold Global Cybersecurity Forum in Nov.

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
TT
20
TT

Saudi National Cybersecurity Authority to Hold Global Cybersecurity Forum in Nov.

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

Under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, the

The Saudi National Cybersecurity Authority (NCA) will hold the Global Cybersecurity Forum (GCF) in Riyadh on November 8-9.

The event will be held under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz under the theme “Charting Shared Priorities in Cyberspace”.

It will build directly on the outcomes and insights of the successful 2022 GCF event, aiming to advance the global cyber community towards aligning strategic priorities, expanding future opportunities, and deepening multi-stakeholder engagement.

GCF 2023 seeks to expand dialogue on these diverse challenges and opportunities, advance knowledge generation, and steer collaborative efforts. The forum will be charting the shared priorities through five sub-themes: Cyberspace Amidst Polycrisis, Cyber Growth Unlocked, Across Cyber Divides, Inside Cyber Minds, and Emerging Cyber Horizons.

The GCF was launched in February 2020 during Saudi Arabia’s G20 Presidency as a global platform to build a more resilient and better cyberspace. The platform emphasizes the importance of international collaboration among diverse stakeholders and nations to accomplish this goal.

Most Viewed

 
Technology

France’s Ubisoft Full-Year Net Bookings Fall 20.5%

A man passes by the main entrance of Ubisoft video firm company where a strike call is planned on February 14, 2024, in Montpellier, south of France, on February 13, 2024. (AFP)
A man passes by the main entrance of Ubisoft video firm company where a strike call is planned on February 14, 2024, in Montpellier, south of France, on February 13, 2024. (AFP)
TT
20
TT

France’s Ubisoft Full-Year Net Bookings Fall 20.5%

A man passes by the main entrance of Ubisoft video firm company where a strike call is planned on February 14, 2024, in Montpellier, south of France, on February 13, 2024. (AFP)
A man passes by the main entrance of Ubisoft video firm company where a strike call is planned on February 14, 2024, in Montpellier, south of France, on February 13, 2024. (AFP)

France's largest video game maker Ubisoft on Wednesday posted a 20.5% fall in full-year net bookings as the company has faced issues with delayed releases and the underperformance of some of its leading titles.

The maker of the blockbuster franchise "Assassin's Creed" reported net bookings of 1.85 billion euros ($2.07 billion) for the year to March 31, slightly below its guidance of around 1.9 billion euros.

Ubisoft plans to announce a new overall group organization by the end of the year, with the objective to best serve player needs, deliver superior game quality and drive disciplined capital allocation, it said in a statement.

It expects full-year 2025-2026 stable net bookings year-on-year and roughly break-even non-IFRS operating income. Net bookings for the first quarter are forecast at 310 million euros.

Ubisoft also expects to return to positive non-IFRS operating income and free cash flow generation in 2026-2027, it said.

"After a review of our pipeline, we have decided to provide additional development time to some of our biggest productions to create the best conditions for success," CEO Yves Guillemot said in the statement.

As a result, he said, the next two years would see "significant content coming from our largest brands."

In March, the company faced a make-or-break moment with the launch of the newest instalment in "Assassin's Creed" franchise as the company grappled with falling revenue, a sinking stock price and takeover speculation.

"Aware of the challenges ahead, we took decisive steps to continue strengthening the company's future. The launch of 'Assassin's Creed Shadows' was a defining moment," Guillemot said.

The release had reaffirmed the power of the brand, he added, and had received a "highly favorable community response".

Ubisoft said that the game delivered the second-highest Day 1 sales revenue in franchise history and set a new record for Ubisoft's Day 1 performance on the PlayStation digital store.