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What we can learn from the ransomware attack on US Colonial Pipeline

What we can learn from the ransomware attack on US Colonial Pipeline Cornelia Meyer May 11, 2021 00:44 Holding tanks are seen in an aerial photograph at Colonial Pipelines Dorsey Junction Station in Woodbine, Maryland, US May 10, 2021. (Reuters) Short Url https://arab.news/6azbg The ransomware cyberattacks on the Colonial Pipeline, which carries refined products from the Gulf of Mexico up to New York Harbor, was a shock in more ways than one. The entire Colonial Pipeline system had to be taken ...
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Cryptocurrency markets moving to Phase 2

Cryptocurrency markets moving to Phase 2 Cornelia Meyer Short Url https://arab.news/whgkh Cryptocurrencies and other web-based value structures such as NFTs (non-fungible tokens) have come of age during the pandemic, when so much of our lives moved online. Things moved fast and furious this year again. In April, Bitcoin hit an all-time high close to $65,000, just to lose 15 percent of its value the following weekend. Then the trading platform Coinbase listed, soared and now trades roughly 10 pe...
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A critical week for the hydrocarbon sector

A critical week for the hydrocarbon sector Cornelia Meyer Short Url https://arab.news/8gnn2 Last week was important for the hydrocarbon sector. The five Western oil majors reported results and OPEC+, the alliance between the OPEC member states and 10 friendly nations led by Russia, held their monthly ministerial meeting ahead of schedule. It was surprises — positive ones — all around. The first quarter earnings were not widely reported, because the tech sector stole the limelight and becaus...
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Vision 2030 & energy: Why it has been successful and will have a bright future

Vision 2030 & energy: Why it has been successful and will have a bright future Cornelia Meyer Short Url https://arab.news/zpftd Famous French poet and novelist Victor Hugo once wrote that “nothing is as powerful as an idea whose time has come.” If ever there was an example of these words, it is Vision 2030.  Crown Prince Mohammed bin Salman’s recent interview was a manifestation of it, touching on all aspects of the economy and life in the Kingdom. It went beyond 2030, promising that its...
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Focus on tech, finance key factors for US climate summit

Focus on tech, finance key factors for US climate summit Cornelia Meyer Short Url https://arab.news/6g6nb The US is back, front and center in the global climate change conversation: US President Joe Biden rejoined the Paris Agreement at the outset of his administration. Within 90 days he called for a leaders’ summit on climate change. Forty countries were invited and all showed up — even China and Russia, which are at odds with the Biden administration’s foreign policy objectives. Before ...
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