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BBS Technology provides cybersecurity solutions tailored for companies in the Middle East and North Africa (MENA) region

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BBS Technology

BBS Technology, a developer of next-generation cybersecurity solutions, alerts companies in the MENA region about the increasing risks of cyber-attacks sponsored by global states

DUBAI, United Arab Emirates, April 2, 2024/APO Group/ — 

The MENA region has recently experienced remarkable progress in digitalisation within the economy, marked by significant achievements. Simultaneously, this advancement has led to an increased vulnerability to growing cyber risks. Especially noteworthy is the growing use of artificial intelligence technology by cyber attackers, along with an increase in state-sponsored cyber-attacks due to escalating geopolitical tensions. This has emphasised the critical need for companies of all sizes and industries to prioritise cybersecurity.

According to Chairman Bedir Sarı, at BBS Technology (www.BBSTeknoloji.com), a company specialised in cybersecurity technologies, consultancy, and managed security services (MSS) in the MENA region said, “The global digital economy is projected to reach a staggering US$ 20 trillion by 2025. The impact of cyber-attacks can be far-reaching, affecting the security, economy, and politics of nations as they target vital national security infrastructures and critical industries.”

Risks arising from state-sponsored cyber-attacks are on the rise

In the cybersecurity space, various state-sponsored or affiliated cybercrime groups have come to prominence due to their activities with international impacts. Notably, APT28, also known as Fancy Bear, and APT29, or Cozy Bear, are believed to spearhead Russia’s cyber operations. Concurrently, Lazarus Group from North Korea has recently carved out a reputation for itself.

Within the realm of cybersecurity, several cybercrime groups with ties to states or affiliations have gained notoriety for their actions that have had global consequences. It is worth mentioning that APT28, also known as Fancy Bear, and APT29, Cosy Bear, are believed to be at the forefront of Russia’s cyber operations. At the same time, the Lazarus Group from North Korea has recently established a notable reputation.

Highlighting that two organisations specifically targeting the MENA region, namely Elfin and Charming Kitten, operate out of Iran, Chairman Bedir Sarı remarked, “Such attackers strategically target their Middle Eastern rivals to shift regional power dynamics.”

Emphasising the focus on the MENA region, it is worth noting that Iran is home to two organisations, Elfin and Charming Kitten. These entities which operate out of Iran, he remarked, “They have been observed to strategically target their Middle Eastern counterparts, aiming to influence the power dynamics in the region.

Moreover, IBM’s (https://apo-opa.co/3TEFXrP) findings reveal that the average cost of cybersecurity breaches for businesses in Middle East has escalated to US$ 8 million, reaching the highest level in a decade.

The impact of cyber-attacks can be far-reaching, affecting the security, economy, and politics of nations as they target vital national security infrastructures

Moreover, IBM’s research shows that businesses in the Middle East are facing a significant increase in the cost of cybersecurity breaches, reaching a record high of US$ 8 million, the highest in the past ten years.

Cybersecurity spending to surpass 3 billion

In response, business owners in the MENA region are increasing their investments in cybersecurity. Gartner predicts a significant rise in cybersecurity expenditure, with a projected 12% growth by 2024, reaching a total of US$ 3.3 billion. Cloud security expenses are included in this. As a result, businesses are actively exploring various solutions and services to enhance their security measures, including CTI, Red Team, Blue Team, and Purple Team services, as well as forming partnerships with MSS providers.

Chairman Bedir Sarı emphasised the company’s comprehensive approach, stating, “Our vision on a global scale allows us to provide these essential services across the world.” We offer valuable advantages for SMEs in addressing cybersecurity challenges. We have a deep understanding of the cyber risk landscape in the MENA region, which is a key market for us. This knowledge enable us to safeguard against threats motivated by state or economic interests effectively. At BBS Technology, we take great pride in our commitment to delivering not only exceptional products, but also comprehensive solutions to meet the needs of our clients.

“We are ready to deploy our integrated cybersecurity solutions”

Services that replicate real-world situations such as Red Team, Blue Team, and Purple Team exercises are crucial for assessing and bolstering an organisation’s cyber defence mechanisms, this helps to improve its preparedness for potential cyber-attacks. CTI, moreover, provides in-depth understanding of threat actors’ profiles and strategies, enabling the development of a proactive defence strategy in a constantly changing dynamic cyber threat environment.

Emphasising their in-house developed tools such as Ataguc, Shields Guard, and AtaGuard, he concluded, “These products empower organisations to safeguard their valuable assets by establishing a robust defence against cybersecurity threats.” Considering the current state of security risks, it is clear that there is an increasing demand for cutting-edge solutions provided by companies such as BBS Technology. We are fully equipped to address the advanced and comprehensive cybersecurity needs of companies in the MENA region, regardless of their size.

Distributed by APO Group on behalf of BBS Technology.

Energy

Venezuela Energy Week Confirms 19 August Date for Houston Industry Showcase

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Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the Houston Industry Showcase will take place on 19 August, convening U.S. energy leaders ahead of Venezuela Energy Week 2027 in Caracas

HOUSTON, United States of America, August 10, 2026/APO Group/ –The organizers of Venezuela Energy Week (VEW) have confirmed that the Houston Industry Showcase will take place on 19 August 2026 at The Post Oak Hotel. Officially supported by Venezuela’s Ministry of Hydrocarbons and national oil company PDVSA, the event will bring together U.S. energy companies, investors and policymakers to explore commercial opportunities ahead of Venezuela Energy Week 2027 in Caracas in February.

The showcase will feature Minister of Hydrocarbons Paula Henao as a keynote speaker, providing an update on Venezuela’s energy priorities, investment agenda and opportunities for international partnership. Her participation underscores the country’s commitment to strengthening engagement with global industry as it seeks to expand production and unlock new upstream investment.

Bringing together exploration and production companies, independent operators, oilfield service providers, engineering firms, technology companies and financial institutions, the Houston Industry Showcase will examine opportunities across exploration, production optimization, infrastructure rehabilitation and field development.

As Venezuela works to increase oil and gas production, demand is expected to grow for the technical expertise of U.S. service providers in drilling, well intervention, completion services, production optimization, artificial lift, digital oilfield technologies and infrastructure rehabilitation. Houston-based industry leaders – including SLB, Halliburton, Baker Hughes, Weatherford and a broad network of EPC contractors, equipment manufacturers and specialized service companies – are well positioned to support the modernization of mature fields, improve operational efficiency and deliver the technologies and services needed for future upstream projects.

The Houston event follows a successful Industry Showcase in London, which brought together international investors, operators and energy service companies to explore Venezuela’s evolving investment landscape. Building on that momentum, the Houston edition will deepen engagement with the U.S. energy industry and strengthen commercial dialogue ahead of Venezuela Energy Week 2027.

Venezuela Energy Week – the country’s largest energy investment platform to date – has been confirmed for 22–25 February 2027 in Caracas. Organized by Energy Capital & Power, the event will bring together government leaders, investors and industry stakeholders from across the global energy value chain.

To register for the Houston Industry Showcase on August 19, visit https://apo-opa.co/4g0TncR. To learn more about delegate, sponsorship and partnership opportunities for the showcase or to secure your place at Venezuela Energy Week 2027 in Caracas, contact info@venezuelaenergyweek.com.

Supporting Venezuela’s Earthquake Recovery
Our thoughts are with the people and communities affected by the recent earthquakes in Venezuela. As the country begins the long process of recovery, we encourage members of the global energy community to support relief and reconstruction efforts through the CAF Recovery and Reconstruction Fund for Venezuela, which channels contributions from individuals, companies and organizations to emergency assistance, essential services and long-term rebuilding efforts.

To learn more or make a contribution, please visit the CAF Recovery and Reconstruction Fund for Venezuela (https://apo-opa.co/4hkvteE).

Distributed by APO Group on behalf of Energy Capital & Power.

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Islamic Development Bank Institute (IsDBI) Secures New Patent for Smart Stabilization System from Intellectual Property Office of Singapore

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The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility

JEDDAH, Saudi Arabia, August 10, 2026/APO Group/ –The Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org) is pleased to announce that the Intellectual Property Office of Singapore (IPOS) has granted a new patent for its innovative Smart Stabilization System.

 

The patent was granted on 10 July 2026 under Singapore Patent No. 10202250873B for the invention titled “A Computer Network Stabilization System and Method.” The patent application was filed on 1 September 2022 and was formally granted following a comprehensive review process.

This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development

The Smart Stabilization System is a pioneering digital market infrastructure designed to stabilize asset markets by intelligently managing supply-demand gaps and mitigating excessive volatility. Leveraging sophisticated algorithms and advanced simulation models, the system is designed to anticipate supply and demand imbalances and implement programmable stabilization measures before they escalate into market disruptions.

Unlike traditional stabilization mechanisms that rely on capital reserves, buffer funds, or external interventions, the Smart Stabilization System introduces a next-generation framework for achieving autonomous market stabilization through proactive and programmed stabilization mechanisms. By incorporating distributed ledger technology and cryptographic trust mechanisms, the platform enhances transparency, trust, and operational resilience for digital asset and commodity markets.

The successful patent grant reflects IsDBI’s growing contribution to technological innovation and its commitment to developing knowledge-based solutions that address contemporary economic and development challenges.

Since filing the patent application back in 2022, the Institute has continued to advance the Smart Stabilization System through ongoing development and testing, aimed to expand its practical applications and support future capitalization opportunities. These advancements have positioned the system as a potentially transformative solution for enhancing stability and resilience in increasingly digital and interconnected economies.

Commenting on this occasion, Dr. Sami Al-Suwailem, Acting Director General of IsDBI, said, “The grant of this patent by the Intellectual Property Office of Singapore further strengthens the Institute’s position as a leader in developing innovative knowledge-based solutions that leverage modern technologies to address complex development challenges. This achievement reflects our commitment to translating pioneering research into practical solutions that contribute to economic resilience and sustainable development.”

Distributed by APO Group on behalf of Islamic Development Bank Institute (IsDBI).

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Liberia to Preview Next Oil & Gas Licensing Round Strategy at Houston Investor Day

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The Liberia Petroleum Regulatory Authority will host operators, investors and partners in Houston on August 19 to preview future licensing opportunities and showcase the exploration potential of its offshore basins

HOUSTON, United States of America, August 7, 2026/APO Group/ –The Liberia Petroleum Regulatory Authority (LPRA) will present its strategy for the country’s next offshore licensing round at Liberia Investor Day Houston on August 19, bringing together international exploration companies, investors, service providers and energy leaders to discuss the next phase of Liberia’s upstream development.

Hosted in partnership with Energy Capital & Power, the event will provide a platform for the LPRA, led by Director General Hon. Marilyn T. Logan, to outline Liberia’s regulatory framework, investment priorities and plans to attract new participation across the country’s offshore sector. Discussions will focus on upcoming licensing opportunities, exploration prospects and the subsurface data supporting future investment decisions.

Liberia’s offshore sector is entering a new phase of exploration activity, with renewed international participation and a growing pipeline of opportunities. Following the award and ratification of eight Production Sharing Contracts in 2025, Liberia has re-established itself as a frontier exploration destination, with international operators advancing work programs designed to further evaluate the country’s petroleum potential. TotalEnergies is progressing exploration activities that include offshore geochemical surveys, 3D seismic acquisition and seabed mapping, while Oranto Petroleum has also signed contracts to explore Liberia’s offshore.

At the Liberia Investor Day Houston, the LPRA will provide industry stakeholders with insight into the priorities shaping the next licensing round, including the anticipated process, qualification requirements, available acreage and access to technical data. The engagement will give prospective investors a clearer view of Liberia’s exploration landscape and the opportunities emerging across its offshore basins.

The event will also facilitate direct dialogue between LPRA and the global upstream community, connecting companies with policymakers and industry stakeholders involved in shaping Liberia’s next chapter of petroleum development.

As exploration companies continue to seek new frontier opportunities, Liberia Investor Day Houston will highlight the role of regulatory certainty, data availability and strategic partnerships in unlocking long-term investment across Liberia’s offshore sector.

Registration is now open for attendees. Companies interested in Liberia’s emerging offshore opportunities are invited to join LPRA, investors and upstream leaders in Houston for insights into the country’s licensing strategy and exploration outlook. For more information contact info@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

 

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