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.



Maersk, Hapag-Lloyd Resume Further Services Through Suez Canal

FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo
FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo
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Maersk, Hapag-Lloyd Resume Further Services Through Suez Canal

FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo
FILE PHOTO: Shipping containers sit on a Maersk vessel docked at the port of Los Angeles in Long Beach, California, US, March 10, 2026. REUTERS/Caroline Brehman/File Photo

Shipping group Maersk said on Monday it will resume four further of its container services with Germany's Hapag-Lloyd through the Suez Canal, as they gradually ⁠return to using the ⁠shortcut between Asia and Europe.

The Asia-Europe trade corridor through the Suez Canal was abandoned ⁠by most shippers earlier this decade after attacks in the Red Sea by Yemen's Houthis, forcing ships to take the much longer trip around Africa's Cape of Good Hope.

The two ⁠companies ⁠in early July and later again in August announced that they would resume some services connecting Asia, the Mediterranean and Europe through the Suez Canal.


Goldman Sachs, JP Morgan Expect September Fed Hike as Inflation Lingers

Federal Reserve building in Washington (Reuters)
Federal Reserve building in Washington (Reuters)
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Goldman Sachs, JP Morgan Expect September Fed Hike as Inflation Lingers

Federal Reserve building in Washington (Reuters)
Federal Reserve building in Washington (Reuters)

Goldman Sachs and J.P. Morgan now expect the US Federal Reserve to raise interest rates this week after a string of stronger-than-expected inflation readings challenged hopes that price pressures would continue to ease without additional policy tightening.

The Wall Street banks joined a growing number of forecasters turning more hawkish after data last week showed ‌US consumer ‌and producer prices rose more than expected in August, ‌while ⁠oil prices climbed ⁠above $100 a barrel due to renewed hostilities in the Middle East, reported Reuters.

In a note on Friday, Goldman Sachs abandoned its previous call for rates to remain unchanged and now expects a 25-basis-point increase at the US Fed's September 15-16 meeting. J.P. Morgan, meanwhile, forecasts quarter-point hikes in both September and December.

The latest data have revived concerns that progress toward the Fed's ⁠2% inflation target could stall after months of moderation.

"We ‌think that the FOMC will be ‌reluctant to surprise," Goldman Sachs economist David Mericle said.

J.P. Morgan struck a similarly ‌hawkish tone following the inflation reports.

"The week that saw rising ‌bond yields and energy prices and a firm enough set of inflation readings to make a rate hike at next week's FOMC meeting more likely than not," J.P. Morgan economists led by Michael Feroli said in a note.

The outlook ‌for further Fed tightening will be in focus this week as policymakers conclude their meeting on Wednesday, ⁠while investors ⁠also watch the Bank of Japan for policy signals.

J.P. Morgan said the latest inflation data cast doubt on a sustained disinflation trend, leading it to forecast another Fed rate hike this year and raise its estimate of the long-run policy rate to 3.25%.

Markets are pricing in an 87% chance of a quarter-point Fed rate hike this month, up from about 70% before the latest inflation data, with another increase expected in December, according to CME's FedWatch Tool.

In a separate note on Sunday, Goldman Sachs said it still expects two Fed rate cuts in 2027, though later than previously forecast, as it sees this week's expected hike as driven more by market pricing than inflation fundamentals.


Saudi Arabia’s Dammam Airports Signs Design Contract to Develop King Fahd Int'l Airport

Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)
Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)
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Saudi Arabia’s Dammam Airports Signs Design Contract to Develop King Fahd Int'l Airport

Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)
Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail seen at the signing of the agreement on Sunday. (X)

Dammam Airports CEO Eng. Mohammed Al-Hassany and President of WSP for the Middle East and Asia Dean McGrail signed on Sunday a design contract to develop the King Fahd International Airport in accordance with the airport's approved master plan.

Al-Hassany said signing the contract marks a significant milestone in the development of King Fahd International Airport.

Dammam Airports is committed to upgrading airport facilities, increasing capacity, and delivering a seamless, high-quality travel experience through modern design solutions and smart technologies that meet travelers' needs and accommodate future growth in passenger and air cargo traffic, he stressed.

This will reinforce the airport's status as an international gateway connecting Eastern Region to the world, he added..

The project scope includes designing the expansion of passenger terminals, upgrading facilities, and improving airport entrances and access roads. It also includes developing baggage handling systems, digital services, and terminal wayfinding systems to streamline travel procedures and enhance passenger comfort.

The master plan aims to serve more than 19.3 million passengers annually by 2030, with capacity to be increased in phases to 32 million passengers per year to meet future travel demand.

It targets increasing air cargo capacity to more than 600,000 tons annually and aircraft operational capacity to 77 movements per hour, supported by comprehensive expansions of infrastructure, runways, and general aviation facilities.

The contract is part of Dammam Airports' ongoing efforts to develop the airport ecosystem, boost operational efficiency, and contribute to achieving the objectives of the Aviation Program and Saudi Vision 2030.