BRIDGING YOU TO THE ARAB WORLD Issue 110 Malaysia and the Arab World Dual language magazine, July-August 2018 | PP 16000/07/2013(032927) UAE, KUWAIT AMONG THE MOST VULNERABLE FOR CYBERATTACKS IN THE GULF SAUDI WOMEN DRIVING THE 9 772462 249006 ISSN ISSUE 110 RM 10 2462-2494 PP 16000/07/2013(032927) TRANSFORMATION OF THE KSA AUTOMOTIVE MARKET 10 On Board ASWAQ INFO Malaysia… a new Compass With the dawn of 10th of May government is busy with correcting 2018, Malaysians woke up to a new the situations and corruption caused shining morning full of hope and by the previous government as can CHAIRMAN ART DIRECTOR optimism, a new dawn for Malaysia. be seen from Mahathir’s sayings. Dato Noor Mohamad Manal Basalamah The country was under the control But what makes us calm is the stand EXECUTIVE EDITOR-IN-CHIEF & DG MARKETING of the ruling party all its life since its Mahathir announced when he took Dr. Abdulrahim Abdulwahid Mohammed AbdulRaheem independence on 31st August 1957. over power as he said that the Amal Mahfoudh CONSULTANT BOARD The last 15 years were the hardest parties of PH are all equal, despite Datuk Seri Azman Ujang DISTRIBUTION and worst for both Malaysia and the number of seats they have in the Dato Tuan Ibrahim Waleed Salama Mahathir himself, as he strayed away parliament. This is the opposite of MANAGING DIRECTOR DISTRIBUTION CENTERS from ruling as a prime minister after Barisan Nasional where component Alaa Abdulwahid Malaysia, UAE, Saudi Arabia, he retired willingly despite his good parties had to obey the order of the Qatar, Kuwait and Oman health condition, but he wanted dominant party “UMNO”. PR AND PUBLISHING MANAGER his development programs to be Also, there are big hopes on Anwar Giath Fowze E-MEDIA Wael Qarssifi continued by his successors Abdullah Ibrahim (70 Years) after his last FINANCIAL MANAGER Badawi and Najib Abdul Razak. The experience to be wiser and more OMAN OFFICE: Sara Yasmin former didn’t succeed in empowering accepting of reality for the benefit of Mob.:+968 92925677 PUBLIC RELATIONS Director development programs planned Malaysia, so his past experience of Basem Ayad Mohamad Saad by Mahathir and the latter got being arrested in 1998 doesn’t affect “addicted” to increasing corruption his country's way to the right path. EDITORIAL PRINTING and working for specific parties that We have big hopes that Malaysia Wael Qarssifi Superior Press Sdn Bhd Mohamed Hassan BhdPP13331/08/2013(032685) are close to his personal and political will be back on the right track in Lot2063A, Jalan Kusta, Maher Ibrahim views. the upcoming years and back to Yusuf Waswas Sungai Buloh Eiad Mahmoud Yousuf Kawasan Industri Taman Jaya, It is clear that the results of the latest its development compass to make 47000 Selangor Darul Ehsan Abdul Karem Al Jamal general elections (14th in Malaysia’s benefiting people it's main priority. Heba Mostafa Hashem Zanib Abdulrahim history) proved to the world that Malaysians from all ethnicities are the DISTRIBUTION LOCATIONS leaders of their ship, as they decide EMIRATES AIRLINES BUSINESS LOUNGE PAVILION MALL KUALA LUMPUR SUNWAY LAGOON when it is time to fix it or rebuild it. PARK ROYAL HOTEL KL MALAYSIAN AIRLINES (IN-FLIGHT) POPULAR BOOKSTORE TIMES BOOKSTORE TIMES THE BOOKSHOP BERJAYA BOOKS Every Malaysian has the right to WH SMITH (KLIA, LANGKAWI AIRPORT, PENANG AIRPORT) COLD STORAGE MY HERO MERCATO AEON BIG be proud of the peaceful power transition as a shining picture of real democracy. MALAYSIA Regarding these facts, it must also No.34-3(3rd Floor), Jalan 25/70A, Desa Sri Hartamas, 50480 Kuala Lumpur. be said that the winning party has Dr. Abdulrahim Abdulwahid +603 6201 8841 / 8842 [email protected] Executive Editor-in-Chief & DG www.aswaqpress.com aswaqpress www.aswaqpress.com to conclude this shining picture with, [email protected] not looking for political vengeance UNITED ARAB EMIRATES [email protected] Dubai, Deira, Abu Hail, New Safia Building,M. Floor, Office 53A or searching for weaknesses of aswaqpress the losing party unless in what the 51 97 646 50 +971 ،2971577 ,2972740 4 +971 [email protected] www.mediahubintl.com law imposes. At the same time the ASWAQ Magazine | 2018 7 ASWAQ INFO ASWAQ INFO ABU DHABI’S MUBADALA UAE, KUWAIT ACQUIRES 10% STAKE IN AMONG THE MOST EGYPTIAN GAS FIELD VULNERABLE FOR CYBERATTACKS IN CONTENTS THE GULF 8 10 OPEC+ AGREES TO OIL-PRODUCTION UAE RANKS AT THE INCREASE TO TOP FOR DIGITAL COMPETITIVENESS PREVENT OIL 14 DEFICIT IN THE SECOND HALF OF SAUDI WOMEN DRIVING THE 28 2018 TRANSFORMATION OF THE KSA AUTOMOTIVE MARKET 20 EGYPT CUTS ADNOC and Saudi ARAMCO Sign Deal Oman to extend expat visa ban 26 on US$44bn Indian Refinery 28 on specialised jobs FUEL SUBSIDIES 12 8 ASWAQ Magazine | 2018 ASWAQ Magazine | 2018 9 REPORT REPORT DUBAI – “ASWAQ” in the UAE and 214 in Kuwait. In The UAE and Kuwait are the most vulnerable for cyberattacks Bahrain, the company detected among the GCC countries in Q1, 2018, according to Trend Micro 523 and 37 for Oman. Incorporated, a global leader in cybersecurity solutions. “What we are witnessing now in the Gulf is a long-term rend Micro Incorporated’s data breaches and cybercrimes transformation and stakeholders newly released report have the potential to derail the ought to regard security as a T revealed that ransomware progress of these modernization key infrastructure necessary for remains a widespread threat initiatives. a smart city to thrive. Device in the UAE with the country Trend Micro also reported a penetration, interconnectivity, accounting for 2.4 million of spike in the number of malwares massive data, all of these the 1.7 billion ransomware detected in the first quarter have started to proliferate and attacks detected globally in Q1 of the year. UAE had a total more so in the near future. of 2018. The same trend was of 1.6million malwares, while Governments and businesses seen in Kuwait where 1.9 million Kuwait had 465,058 infected should continue to strengthen of the worldwide threats were files. Bahrain, meanwhile, had their cybersecurity capabilities in detected , while Bahrain and 202,241 malwares, with Oman order to truly evolve and realize Oman accounted for 1.2 million coming in close with 161,055 the desired outcomes of these and 534,806 respectively of the malware threats. An uptrend in initiatives,” commented Cherif total ransomware in the same online banking malware was Djerboua, Regional Tech Leader, period.The majority of the Middle reflected in the Trend Micro Trend Micro AMEA. Eastern countries, especially report with UAE getting 433; “It is encouraging to see that those in the GCC, are hot target Kuwait,90; Bahrain,56; and both government entities and for cyberattacks. Oman,46. Macro malware corporations are recognizing Trend Micro cited in its report figures during the same period the need to step up their that the main reason for the are: UAE 263;Kuwait 46;Bahrain cybersecurity game. Still we Gulf countries’ vulnerability for 45; and Oman, 7. A worrying have to be on guard at all times UAE, KUWAIT cyberattacks is the rapid pace concern is the increasing and be prepared to handle of digitisation among them. Gulf number of malicious URL victims. major attacks as cybercrimes countries have been leading the UAE registered close to a million are also evolving. Trend Micro is AMONG THE MOST charge in the region’s massive with 988,264 URL victims; Kuwait committed to raise awareness modernisation plans, which had 224,916; while Bahrain and share best practices in primarily aim to accelerate and Oman have 26,860 and order to beef up the industry’s VULNERABLE FOR economic diversification and 83,388 detectors respectively. cybersecurity capabilities, “ achieve sustainable growth. The For malicious URLs detected in Djerboua said. CYBERATTACKS IN cybersecurity firm cautions that the GCC, Trend Micro got 5,314 THE GULF 10 ASWAQ Magazine | 2018 ASWAQ Magazine | 2018 11 REPORT REPORT “The acquisition of a 10% found in the Mediterranean interest in the Shorouk Sea, with a total potential of concession with the producing up to 30 trillion cubic feet of Zohr gas field is a significant gas in place. Located 190 portfolio addition for Mubadala kilometers north of Port Said in ABU DHABI’S MUBADALA Petroleum and marks our entry waters approximately 1,500 into Egypt,” said Dr. Bakheet meters deep, the field produces Al Katheeri, CEO of Mubadala approximately 200,000 barrels ACQUIRES 10% STAKE IN Petroleum. of oil equivalent per day. Following the completion, Mubadala’s investment comes Eni, through its subsiary IEOC, as the company revealed holds a 50% interest in the its intention to step up its EGYPTIAN GAS FIELD concession. The other partners investments following a rise in in the concession are BP with its 2017 income post domestic 10% interest and Rosneft with 30 consolidation with other DUBAI – “ASWAQ” % interest. investment arms of Abu Dhabi Mubadala Petroleum, a unit of Abu Dhabi’s Al Katheeri said: “This world-class government. state-run Mubadala Investment Company, has asset will provide Mubadala completed the acquisition from Italy’s Eni of a Petroleum with increasing future 10% interest in the offshore Shorouk concession production, and substantial in Egypt, which contains the giant Zohr gas field. reserves, all of which support The value of the deal, which was first announced our drive for long-term and in March 2018, was however not disclosed. profitable growth. At the same time we have joined a world- class partnership with Eni and look forward to working closely with them to deliver the In 2017, Egypt’s Oil Minister Tarek resources to meet growing local El-Molla was hopeful that by energy demand.” end of 2018 Egypt would stop Eni’s CEO, Claudio Descalzi , importing natural gas and may added: “We welcome today’s eventually start exporting gas announcement with Mubadala once the production capacity Petroleum, a strong and reliable reaches 1 billion cubic feet in partner with whom we look June.