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2nd Edition of World’s Fastest Growing Cybersecurity Event ‘Black Hat’ Launched in Riyadh

The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA
The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA
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2nd Edition of World’s Fastest Growing Cybersecurity Event ‘Black Hat’ Launched in Riyadh

The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA
The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC). SPA

The second edition of the world’s fastest growing cybersecurity event "Black Hat" was launched Tuesday at the Riyadh Front Exhibition & Conference Center (RFECC) featuring the participation of experts, speakers, and investors.

The opening ceremony was attended by top officials and the Chairman of the Saudi Federation for Cybersecurity, Programming & Drones, Faisal Al-Khamisi.

During his speech he conveyed the significance of the three-day event, saying the gathering “embraces InfoSec experts and innovators from major global companies, enthusiastic to share their expertise through more than 600 hours of content over the next three days.”

"We are proud that last year, Black Hat Riyadh edition became the world’s most attended cybersecurity event, with 30,000 attendees," he added.

"With the opening of this edition, we are prepared to surpass our own record, welcoming more participants from all over the world, with more than 60,000 registered, more than 250 sessions, 350 leading companies from 70 countries, as well as prizes exceeding SAR1 million for the competitions and challenges during the event.”

He also referred to the role of Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, saying “We attribute every milestone in the technology sector to our visionary and inspiring leader.”

Annabelle Mander, Senior Vice President of Tahaluf expressed her gratitude to the Saudi Federation For Cybersecurity, Programming & Drones, saying “The growth of Black Hat Middle East and Africa can be attributed to a partnership, in one of the thrilling markets globally. I would like to express my gratitude to our partners and friends at (SAFCSP) for their contribution, in making this achievement possible”

During the event there was an announcement regarding the collaboration between "HABOOB", owned by the Saudi Federation for Cybersecurity and Programming & Drones, and Mandiant by Google Cloud, aiming to deliver "Chronicle Cyber Shield" solution to the Kingdom.

This collaboration represents a step towards enhancing cybersecurity services across the government entities. The "Chronicle Cyber Shield" offers an integrated solution that empowers government entities to proactively and effectively detect cyber threats using technologies and resources while staying updated on the developments in this field.

The opening day of the Black Hat conference covered a range of subjects including discussions on cyber risks, the impact of software in warfare, techniques utilized in transportation hacking and the application of AI in development and security enhancement. The sessions were enriched by the presence of speakers like Sam Curry, Zscalers Chief Security Officer, Chris Wysopal, Veracodes Co-founder and CTO Graham Ludlow, Chief Cybersecurity Officer at Marriott Vacations Worldwide, and Camille Fasquez, a partner at Brown Rudnick.

The Cyber Seed Startups have commenced unveiling four distinct awards: the Innovative Ideator for startups in their infancy with promising ideas poised to enter the market, the Shining Seedling for startups in the early stages of development beyond the ideation phase, Established Excellence for experienced startups making significant waves, and the Saudi Superstar, providing an opportunity to showcase and promote the wealth of cybersecurity talent within the Kingdom.

Simultaneously, the Activity Zone promises awards exceeding SAR1 million across various competitions, including the CTF Competition, Bug Bounty Cup, Cyber Escape Room, Smart City Simulation, Chip-off Village, Drones Zone, Smart Contract Hacking, Medical Hacking, and Lock pick Village.

The Black hat event runs until November 16, featuring the participation of renowned exhibitors such as IBM, Cisco, Huawei, Spire Solutions, Trend Micro, Mandiant, Google Cloud, Cloud flare, Qualys, Illumio, SITE, Mobily, Cyberani, Al Moammar Information Systems, Haboob, and Sirar by stc, DSS Shield, Cipher, among many others.

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Lagarde Dampens ECB Exit Talk, Expects to Finish her Term

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde reacts during an address to the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, December 18, 2025. REUTERS/Heiko Becker/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde reacts during an address to the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, December 18, 2025. REUTERS/Heiko Becker/File Photo
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Lagarde Dampens ECB Exit Talk, Expects to Finish her Term

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde reacts during an address to the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, December 18, 2025. REUTERS/Heiko Becker/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde reacts during an address to the media after the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, December 18, 2025. REUTERS/Heiko Becker/File Photo

European Central Bank President Christine Lagarde has attempted to calm speculation about her stepping down early that has called into question the central bank's separation from politics, telling the Wall Street Journal she expects to complete her term.

Lagarde's status as leader of Europe's most important financial institution
was plunged into doubt this week after the Financial Times reported she planned to leave her job ahead of next spring's French presidential election, giving outgoing leader
Emmanuel Macron a say in picking her successor.

In an interview with the WSJ on Thursday, Lagarde dampened speculation about an imminent exit but still left the door slightly ajar to the possibility that she might leave before the end of her contract in October 2027.

“When I look back at all these years, I ‌think that we have ‌accomplished a lot, that I have accomplished a lot,” she told the ‌paper. “We ⁠need to consolidate ⁠and make sure that this is really solid and reliable. So my baseline is that it will take until the end of my term.”

Reuters exclusively reported that Lagarde had sent a private message to fellow policymakers reassuring them that she was still concentrating on her job and that they would hear it from her, rather than the press, if she wanted to step down.

The ECB has said that Lagarde has not made a decision about the end of her term, but stopped short of denying the FT report.

Some analysts thought an ⁠early exit risked tangling the ECB up in European politics as it could ‌give the impression of trying to make sure France's eurosceptic far ‌right, which could win next year's presidential vote, had no say in her succession.

Lagarde said last year she intended ‌to complete her term, a commitment she has conspicuously failed to repeat this week.

Bank of France Governor Francois ‌Villeroy de Galhau announced plans to step down from his job last week, in a move that gives President Macron a chance to pick the next French central bank chief, drawing sharp criticism from the far-right who called the move anti-democratic.

Villeroy's early departure and the confusion about Lagarde's future come just as US President Donald Trump is attacking the Federal Reserve, ‌further stoking debates about central bank independence from politics.

"After the recent events in the US, this is another reminder that although central banks are nominally ⁠independent, who leads them and ⁠their worldview is a matter for high politics," economists at Oxford Economics wrote on Friday.

As the head of the euro zone's second largest economy, the French president plays an important role in wider negotiations to select the head of the ECB.

Polls show either far-right National Rally leader Marine Le Pen, or her protege Jordan Bardella, could win the French presidency.

While the party has long dropped a call for France to leave the euro, it is still seen as something of an unknown quantity in central banking circles.

According to Reuters, Lagarde told the WSJ that she viewed her mission as price and financial stability, as well as "protecting the euro, making sure that it is solid and strong and fit for the future of Europe."

She also said that the World Economic Forum was "one of the many options" she was considering once she left the central bank.

When Lagarde's name first emerged as a possible candidate for ECB president in 2019, she said she had no interest in the job and would not leave the International Monetary Fund, where she was the managing director.

Business

Stocks Drop, Oil Rises after Trump Iran Threat

Donald Trump has deployed warships, fighter jets and other military hardware to the Middle East as he puts pressure on Iran. Hannah Tross / US NAVY/AFP
Donald Trump has deployed warships, fighter jets and other military hardware to the Middle East as he puts pressure on Iran. Hannah Tross / US NAVY/AFP
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Stocks Drop, Oil Rises after Trump Iran Threat

Donald Trump has deployed warships, fighter jets and other military hardware to the Middle East as he puts pressure on Iran. Hannah Tross / US NAVY/AFP
Donald Trump has deployed warships, fighter jets and other military hardware to the Middle East as he puts pressure on Iran. Hannah Tross / US NAVY/AFP

Most Asia equities fell and oil prices rose on Friday after Donald Trump ratcheted up Middle East tensions by hinting at possible military strikes on Iran if it did not make a "meaningful deal" in nuclear talks.

The remarks fanned geopolitical concerns and cast a pall over a tentative rebound in markets following an AI-fueled sell-off this month.

Traders are also looking ahead to the release of US data later in the day that will provide a fresh snapshot of the world's top economy, said AFP.

A slew of forecast-beating figures over the past few days have lifted optimism about the outlook but tempered expectations for more interest rate cuts.

The US president told the inaugural meeting of the "Board of Peace", his initiative to secure stability in Gaza, that Tehran should make a deal.

"It's proven to be over the years not easy to make a meaningful deal with Iran. We have to make a meaningful deal otherwise bad things happen," he said, as he deployed warships, fighter jets and other military hardware to the region.

He warned that Washington "may have to take it a step further" without any agreement, adding: "You're going to be finding out over the next probably 10 days."

Israeli Prime Minister Benjamin Netanyahu earlier warned: "If the ayatollahs make a mistake and attack us, they will receive a response they cannot even imagine."

The threats come days after the United States and Iran held a second round of Omani-mediated talks in Geneva as Washington looks to prevent the country from getting a nuclear bomb, which Tehran says it is not pursuing.

The prospect of a conflict in the crude-rich Middle East has sent oil prices surging this week, and they extended the gains Friday to sit at their highest levels since June.

Equity traders were also spooked.

Hong Kong fell as it reopened from a three-day break, while Tokyo, Sydney, Wellington and Bangkok were also down. However, Seoul continued to rally to a fresh record thanks to more tech buying, with Singapore, Manila and Mumbai also up.

City Index market analyst Matt Simpson said a strike was not certain.

"At its core, this looks like pressure and leverage rather than a prelude to invasion," he wrote.

"The US is pairing military readiness with stalled nuclear negotiations, signaling it has credible strike options if talks fail. That doesn't automatically translate into boots on the ground or a regime-change campaign.

"While military assets dominate headlines, diplomacy is still in motion. The fact talks are continuing at all suggests both sides are still probing for a diplomatic off-ramp before tensions harden further."

Shares in Jakarta slipped even after Trump and Indonesian President Prabowo Subianto reached a trade deal after months of wrangling.

The accord sets a 19 percent tariff on Indonesian goods entering the United States. The Southeast Asian country had been threatened with a potential 32 percent levy before the pact.

Jakarta also agreed to $33 billion in purchases of US energy commodities, agricultural products and aviation-related goods, including Boeing aircraft.

Business

Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
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Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)

The third edition of the “Mirkaz ABalad AlAmeen”, a leading platform for exchanging opportunities in Makkah, will kick off on Sunday, under the theme “Makkah Inspires the World.”

The platform, organized by the Holy Makkah Municipality, will feature 15 exceptional Ramadan evenings focused on dialogue, knowledge exchange, and cross-sector engagement.

Makkah Mayor Musad Aldaood said the platform redefines development from Makkah, where faith meets inspiration and values are transformed into a comprehensive civilizational experience.

He noted that the initiative reflects the ambitions of Saudi Vision 2030 and showcases Makkah to the world as a living model of creativity, leadership, and innovation.

The upcoming edition will host more than 65 speakers, including executive leaders and decision-makers from across all three sectors, alongside futurists, entrepreneurs, and leading voices in culture and inspiration from artists, writers, media professionals, and innovators.

The program targets 12 key sectors: technology and digital transformation, financial investment, communications and media, real estate development, transport and logistics, banking services, youth and sports, tourism and culture, hospitality and catering, Hajj and Umrah, the third sector, and healthcare.