Would you like to receive notifications on latest updates of the following headlines?

Saudi Market Authority: Kingdom Unaffected by Global Technical Disruptions

POSTED ON July 21, 2024 •   GLOBAL NEWS      BY Abiodun Saheed Omodara
Two investors monitor stock prices on the Saudi Tadawul screen l Credit: Reuters

The Capital Market Authority (CMA) of Saudi Arabia has ensured the integrity and full operational readiness of its systems despite global technical disruptions affecting various sectors.

The CMA has been working closely with relevant authorities to guarantee uninterrupted service for all investors during Sunday’s trading sessions.

Listed companies in the financial market have been instructed to disclose any significant developments related to the issue. 

The Saudi Stock Exchange, Tadawul, has also confirmed the reliability and readiness of its systems to ensure uninterrupted service for all investors.

Technical teams are continuously monitoring the systems to ensure the continuous functioning of services and the technical infrastructure, ensuring business continuity and system efficiency in the market.

The impact of the global technical crisis on the Kingdom has been limited, according to the Saudi National Cybersecurity Authority (NCA).

The NCA referenced media reports of widespread technical failures in critical sectors worldwide and clarified that the impact on national entities in Saudi Arabia has been minimal.

The NCA attributed these global disruptions to a technical error in a product update released by cybersecurity firm CrowdStrike early Friday morning.

The NCA acknowledged the strong support and backing from Saudi leadership for the cybersecurity sector, enabling proactive measures to detect and address cyber threats and risks.

It has also been committed to fostering local cybersecurity capabilities and enhancing technological sovereignty.

The NCA affirmed that its cybersecurity regulations and standards have strengthened the security and reliability of the Kingdom’s cyberspace, positively impacting the protection of national entities and critical infrastructure.

READ ALSO
Iran and Iraq Entered into Security Agreement
BY Abiodun Saheed Omodara August 11, 2025 0

The leader of Iran's top security organization, Ali Larijani, is set to visit Iraq on Monday before...

READ ALSO
Over 600 Pilgrims Hospitalized in Iraq after Chlorine Leak
BY Abiodun Saheed Omodara August 10, 2025 0

More than 600 pilgrims in Iraq were temporarily hospitalized due to respiratory issues after inhalin...

READ ALSO
Starmer Calls for Ceasefire and Humanitarian Aid as Gaza Situation Deteriorates
BY Abiodun Saheed Omodara August 8, 2025 0

The Prime Minister of the United Kingdom, Keir Starmer, has urged the Israeli government to rethink...

READ ALSO
U.S. Raises Bounty on Maduro to $50 Million amid Drug Trafficking Allegations
BY Abiodun Saheed Omodara August 8, 2025 0

The United States has increased its bounty on Venezuelan President Nicolas Maduro—who is facin...

READ ALSO
Register with Embassies for Emergency Assistance, FG Urges Nigerians Abroad
BY Abiodun Saheed Omodara August 6, 2025 0

The Federal Government has urged Nigerians traveling abroad to register with Nigerian embassies and...

READ ALSO
US Issues Warning to International Students on Visa Compliance
BY Abiodun Saheed Omodara August 4, 2025 0

The United States has issued a warning to international students about the potential consequences of...

READ ALSO
Hamas Offers Red Cross Access to Hostages, Demands Aid for Gaza in Return
BY Abiodun Saheed Omodara August 4, 2025 0

The militant group Hamas announced on Sunday that it is willing to permit the Red Cross to deliver f...

READ ALSO
Nigeria Immigration Service Urges Compliance with U.S. Visa Regulations
BY Abiodun Saheed Omodara August 2, 2025 0

The Nigeria Immigration Service has issued a notice urging Nigerians to utilize their U.S. visas app...

OUR CHANNELS:

Obi Critiques Nigerian Justice System Amid Double Standards in Court Treatment
BY Abiodun Saheed Omodara August 12, 2025 0

The former presidential candidate of the Labour Party (LP), Peter Obi, has criticized the court appe...


FG Launches Investigation into In-Flight Incident
BY Abiodun Saheed Omodara August 11, 2025 0

The Federal Government has initiated a thorough investigation into the release of inappropriate foot...


Iran and Iraq Entered into Security Agreement
BY Abiodun Saheed Omodara August 12, 2025 0

The leader of Iran's top security organization, Ali Larijani, is set to visit Iraq on Monday before...


Davido Gifts Wife Chioma Stunning Iced-Out Richard Mille as Wedding Surprise
BY Abiodun Saheed Omodara August 11, 2025 0

Afrobeat sensation David Adeleke, better known as Davido, has presented his wife Chioma with a lavis...


NiMet Forecasts 3 Days Thunderstorms and Rainfall Across Nigeria
BY Abiodun Saheed Omodara August 12, 2025 0

The Nigerian Meteorological Agency (NiMet) has forecasted thunderstorms and rainfall for the period...


Oil Trade: Indian Refineries Turn to Nigerian Crude While Dangote Refinery Embraces US Imports
BY Abiodun Saheed Omodara August 12, 2025 0

Indian refineries are purchasing Nigerian crude, while Nigeria’s Dangote Petroleum Refinery is...


Aviation Unions Suspended Proposed Strike - Keyamo
BY Abiodun Saheed Omodara August 11, 2025 0

The Minister of Aviation and Aerospace Development, Festus Keyamo, has declared that a planned strik...


Naira Drops 0.52% as Forex Demand Surges
BY Abiodun Saheed Omodara August 11, 2025 0

The naira had a varied performance at the official and parallel markets at the end of last week.&nbs...


States Allocate N235.58 Billion for External Debt Servicing in H1 2025, A 68.4% Surge
BY Abiodun Saheed Omodara August 11, 2025 0

In the first half of 2025, states collectively allocated approximately N235.58 billion towards meeti...


Mali Detains Soldiers in Crackdown on Alleged Coup Attempt Against Junta
BY Abiodun Saheed Omodara August 12, 2025 0

Mali has detained numerous soldiers suspected of attempting to overthrow the junta that assumed powe...


More Articles

Load more...

Menu