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CYBERSECURITY-
Saudi Arabia experienced the second highest number of cyberattacks in MENA in 2Q 2024, accounting for 14% of total incidents in the region. The UAE accounted for 27% and Kuwait 12%, Zawya reports citing a Stormwall report. Cyberattacks in MENA rose 3x y-o-y last quarter, making it the second most targeted region globally. The financial sector was the primary target, followed by retail, government services, and the entertainment sector (particularly online gaming).
FINTECH-
Jarir Bookstore adds Quara Finance’s payment solutions to its website: Customers shopping on Jarir Bookstore ’s website will now be able to pay using Quara Finance ’s Sharia-compliant digital financing solutions at checkout, a statement (pdf) from Quara showed.
ICYMI- The local consumer finance player listed an 8.8% stake on Tadawul’s parallel market Nomu in March, after its IPO was oversubscribed by 218%.
TECHNOLOGY-
#1- US software company Oracle has launched its second public cloud region in the Kingdom as part of its broader USD 1.5 bn investment to expand local data centers and cloud infrastructure, according to a statement picked up by Zawya. The new cloud region, which is hosted by Stc-owned regional data center provider Center3, will allow public and private sector companies to migrate their data to Oracle servers and have access to its cloud services. The new region is located in Riyadh, with the first one located in Jeddah, while there’s another one in the pipeline that will find a home in Neom.
#2- US tech giant HP launched a Gaming Garage Lab at Saudi Electronic University to provide learners with the necessary skills to tap into the gaming and esports industries, HP Saudi Arabia’s Managing Director Fadle Saad told the Saudi Gazette.
MANUFACTURING-
East Pipes Integrated Company for Industry inked multiple steel pipe contracts valued at more than SAR 235 mn with Esnad Al-Turuq for General Contracting, according to a disclosure to Tadawul. The contracts cover the manufacturing, supply, and coating of steel pipes over a 24-month period.
