Saudi Arabia to Host Child Protection in Cyberspace Global Summit on October 2-3

Saudi Arabia to Host Child Protection in Cyberspace Global Summit on October 2-3
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Saudi Arabia to Host Child Protection in Cyberspace Global Summit on October 2-3

Saudi Arabia to Host Child Protection in Cyberspace Global Summit on October 2-3

Saudi Arabia will host the Child Protection in Cyberspace (CPC) Global Summit on October 2-3, as part of the Global Cybersecurity Forum (GCF), which will take place in Riyadh under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.

The summit, organized by the GCF Foundation and the National Cybersecurity Authority in collaboration with the United Nations' International Telecommunication Union (ITU), UNICEF, the DQ Institute, and the WeProtect Global Alliance, aims to establish international cooperation to create a safe and empowering cyberspace for children worldwide.

It will bring together key global decision-makers, government representatives, international organizations, the private sector, and other stakeholders.

UNICEF Executive Director Catherine Russell said the summit represents a significant opportunity to coordinate global efforts to maximize the benefits of technology in children's lives while protecting them from its risks. She emphasized the importance of collaborative efforts to make cyberspace a safe environment for children to learn and socialize.

ITU Secretary-General Doreen Bogdan-Martin highlighted that protecting children online is a shared responsibility and more urgent than ever, especially as children spend increasing amounts of time on the Internet. She noted that the summit will bring together leaders and decision-makers across sectors to ensure that children thrive in a secure digital environment.

National Cybersecurity Authority Governor Eng. Majed bin Mohammed Al-Mazyed stressed that the summit will unite key stakeholders, including international and non-profit organizations and the private sector. The summit will focus on topics and initiatives aimed at enhancing efforts to protect children in cyberspace, particularly in light of their growing use of modern technologies.

Founder of the DQ Institute Dr. Yuhyun Park emphasized the need for coordinated collaboration among stakeholders to enhance children's safety and well-being online.

Executive Director of the WeProtect Global Alliance Ian Drennan pointed out that the threats faced by children online are a pressing and growing concern, making it crucial to focus on creating a safer digital space for children worldwide.

The GCF Foundation, established under a Royal Order in 2023 as an independent entity, aims to unify global stakeholders' efforts through partnerships, collaboration, and knowledge exchange. It also seeks to foster dialogue among leading cybersecurity experts to support economic and social development worldwide.

This year’s edition of the GCF, held under the theme "Maximizing Joint Action in Cyberspace," will feature sessions discussing five key pillars: bridging cybersecurity disparities, cyberspace behavior, social infrastructure in cyberspace, a thriving cyber economy, and new cyber horizons.



Nokia Joins Ericsson in Seeing Signs of Recovery after Mixed Results

FILE PHOTO: A Nokia logo is seen at company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins
FILE PHOTO: A Nokia logo is seen at company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins
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Nokia Joins Ericsson in Seeing Signs of Recovery after Mixed Results

FILE PHOTO: A Nokia logo is seen at company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins
FILE PHOTO: A Nokia logo is seen at company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins

Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit on cost cuts, and echoed rival Ericsson in seeing demand recovery in some areas.
However, quarterly net sales fell 8% to 4.33 billion euros ($4.70 billion), missing estimates of 4.76 billion euros due mainly to lower sales to India. That sent its shares down 3%, Reuters said.
Both Nokia and Ericsson said North America has started to show signs of growth after years of weakness, but Nokia's market share in the region had dropped after losing contracts with Verizon and AT&T over the years.
"We have seen a really bad cycle... Now that decline is over and it is starting to gradually recover, which is good, but it (telecom) will never be a huge growth market," CEO Pekka Lundmark said in an interview.
He cautioned that growth was happening more slowly than earlier expected.
"North America has started to show pretty good signs, and we had strong growth in Q3 in network infrastructure," Lundmark said.
Nokia's total addressable market in telecom stands at around $84 billion.
To look for growth, Nokia has been targeting the data center and defense sectors, splurging $2.3 billion to buy US optical networking gear maker Infinera in June to target data center operators.
"That's where the growth will come from, and that growth is starting already," Lundmark said.
Demand from Indian clients, which has dropped significantly this year, is also recovering after Nokia last month got a big contract from Vodafone Idea and is expected to get another from Bharti Airtel .
"India will return back to growth next year," Lundmark said.
Comparable earnings before interest and tax rose to 454 million euros, beating the 424 million euros expected by analysts in an LSEG poll.

Nokia maintained its full-year profit outlook of 2.3 billion to 2.9 billion euros, but said it was currently tracking within the bottom half of that range.