‘By next decade, 70% of new value in global economy will be based on digitally enabled business models’: DCO’s Deemah AlYahya

 Deemah Al-Yahya, Digital Cooperation Organization secretary-general. (Supplied/DCO)
Deemah AlYahya, Digital Cooperation Organization secretary-general. (Supplied/DCO)
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Updated 26 May 2022

‘By next decade, 70% of new value in global economy will be based on digitally enabled business models’: DCO’s Deemah AlYahya

‘By next decade, 70% of new value in global economy will be based on digitally enabled business models’: DCO’s Deemah AlYahya
  • Digital Cooperation Organization Secretary-General Deemah AlYahya says internet access is no longer a luxury, but a necessity
  • DCO was created to offer governments the tools, policies and guidance to facilitate their digital transformation

DAVOS: Collaboration between governments, the private sector and civil societies is crucial to ensuring the digital economy works for all, according to an international  digital innovation expert, who described Internet access as “no longer a luxury, but a necessity.” 

Following the launch of a Digital Foreign Direct Investment initiative with the World Economic Forum on Tuesday, Deemah AlYahya, Digital Cooperation Organization secretary-general, told Arab News that the organization’s goal is to help facilitate a global digital transformation.

The DCO supports youth, women and startup entrepreneurs in its member states, which have a combined economic output of nearly $2 trillion and a population of 600 million, with the organization hoping to bring its initiatives to more countries in future.

The international body, which includes Saudi Arabia, aims to promote prosperity, social stability and growth of the digital economy by unifying efforts to advance digital transformation.

“We’re expanding by the minute,” AlYahya said. “But we are really focusing on creating the right impact; we have been created to deliver and accelerate the digital economy for our member countries.

“Therefore, the focus is not the expansion, it’s more rolling out the right initiatives, support and tools that will enable the member nations and like-minded countries to transform digital opportunities into reality. But we’re getting requests from several nations for them to join us.”

Figures released recently by the International Telecommunication Union showed 2.9 billion people still lack access to the Internet and are excluded from the digital economy.

According to AlYahya, Internet access is no longer a luxury, but a necessity “as important as having electricity or even water,” and governments are now realizing the importance of implementing digital transformation.

DCO was created to offer governments the tools, policies and guidance to facilitate this transformation. “It’s a huge issue, because it is the beginning of any cultural, social and economic reform,” AlYahya said.

“After the pandemic, for governments to start digitally transforming, they needed the right tools, reforms in their policies and regulations; they needed resources, they needed investment, and that need takes time.

“So (DCO) has been thought of and looked at to be that enabling force that helps governments. 

“DCO’s uniqueness is that we create a shared space between governments, the private sector and civil society to co-create and co-design together from the beginning to expedite that transformation,” she added.

Given the engine of the digital economy is data, legislation ensuring protection of data and online security is an important topic, and one the DCO takes seriously, AlYahya said.

“Cross-border data flow is a topic that we have to look into; it was the first, and is one of our major, initiatives (with member states).”

With 70 percent of their populations young and tech-savvy, DCO member states have a healthy entrepreneurial and startup spirit shaping the digital economy, AlYahya said.

“(Youth) needs are increasing, they need capital, they need the right environment to test and innovate; they need the right human capital development, and training and resources for them to learn,” she said.

“But, also, they need to connect to the world. Even if countries provide all of (those things), and change regulations and policies to enable startups, if they don’t have a market and a consumer base, they cannot grow.”

The keys to successfully implementing the digital transformation are striking a balance between over-regulation and too little regulation, as well as making foreign direct investment into the sector as easy as possible, according to AlYahya.

 “We know that 70 percent of the new value created in the global economy over the next decade will be based on digitally enabled business models, so the key to unlocking any economic prosperity is FDI.”

Ensuring cross-border investment helps not only in terms of capital, but also knowledge transfer, innovation, and human capital development, she said.

“I truly believe that with cooperation, working together, we can help every person, every company, every country to benefit from the tremendous opportunities this economy that can bring,” she added.

 


Hacker claims to have stolen 1 billion records of Chinese citizens from police

A 3D printed model of men working on computers are seen in this illustration taken, July 5, 2021. (REUTERS)
A 3D printed model of men working on computers are seen in this illustration taken, July 5, 2021. (REUTERS)
Updated 05 July 2022

Hacker claims to have stolen 1 billion records of Chinese citizens from police

A 3D printed model of men working on computers are seen in this illustration taken, July 5, 2021. (REUTERS)
  • “Databases contain information on 1 Billion Chinese national residents and several billion case records, including: name, address, birthplace, national ID number, mobile number, all crime/case details”

SHANGHAI: A hacker has claimed to have procured a trove of personal information from the Shanghai police on one billion Chinese citizens, which tech experts say, if true, would be one of the biggest data breaches in history.
The anonymous Internet user, identified as “ChinaDan,” posted on hacker forum Breach Forums last week offering to sell the more than 23 terabytes (TB) of data for 10 bitcoin, equivalent to about $200,000.
“In 2022, the Shanghai National Police (SHGA) database was leaked. This database contains many TB of data and information on Billions of Chinese citizen,” the post said.
“Databases contain information on 1 Billion Chinese national residents and several billion case records, including: name, address, birthplace, national ID number, mobile number, all crime/case details.”
Reuters was unable to verify the authenticity of the post.
The Shanghai government and police department did not respond to requests for comment on Monday.
Reuters was also unable to reach the self-proclaimed hacker, ChinaDan, but the post was widely discussed on China’s Weibo and WeChat social media platforms over the weekend with many users worried it could be real.
The hashtag “data leak” was blocked on Weibo by Sunday afternoon.
Kendra Schaefer, head of tech policy research at Beijing-based consultancy Trivium China, said in a post on Twitter it was “hard to parse truth from rumor mill.”
If the material the hacker claimed to have came from the Ministry of Public Security, it would be bad for “a number of reasons,” Schaefer said.
“Most obviously it would be among biggest and worst breaches in history,” she said.
Zhao Changpeng, CEO of Binance, said on Monday the cryptocurrency exchange had stepped up user verification processes after the exchange’s threat intelligence detected the sale of records belonging to 1 billion residents of an Asian country on the dark web.
He said on Twitter that a leak could have happened due to “a bug in an Elastic Search deployment by a (government) agency,” without saying if he was referring to the Shanghai police case. He did not immediately respond to a request for further comment.
The claim of a hack comes as China has vowed to improve protection of online user data privacy, instructing its tech giants to ensure safer storage after public complaints about mismanagement and misuse.
Last year, China passed new laws governing how personal information and data generated within its borders should be handled. (Reporting by Brenda Goh, Sophie Yu, Stella Qiu, Eduardo Baptista and Josh Ye; Editing by Robert Birsel)


Australia floods worsen as thousands more Sydney residents evacuate

An emergency vehicle blocks access to the flooded Windsor Bridge on the outskirts of Sydney, Australia, Monday, July 4, 2022.
An emergency vehicle blocks access to the flooded Windsor Bridge on the outskirts of Sydney, Australia, Monday, July 4, 2022.
Updated 59 min 37 sec ago

Australia floods worsen as thousands more Sydney residents evacuate

An emergency vehicle blocks access to the flooded Windsor Bridge on the outskirts of Sydney, Australia, Monday, July 4, 2022.
  • An intense low-pressure system off Australia’s east coast is forecast to bring heavy rain through Monday across New South Wales

SYDNEY: Hundreds of homes have been inundated in and around Australia’s largest city in a flood emergency that was impacting 50,000 people, officials said Tuesday.
Emergency response teams made 100 rescues overnight of people trapped in cars on flooded roads or in inundated homes in the Sydney area, State Emergency Service manager Ashley Sullivan said.
Days of torrential rain have caused dams to overflow and waterways to break their banks, bringing a fourth flood emergency in 16 months to parts of the city of 5 million people.
The New South Wales state government declared a disaster across 23 local government areas overnight, activating federal government financial assistance for flood victims.

A couple walk through flood waters from their semi-submerged car at Richmond on the outskirts of Sydney, Australia, Tuesday, July 5, 2022. (AP)

Evacuation orders and warnings to prepare to abandon homes impacted 50,000 people, up from 32,000 on Monday, New South Wales Premier Dominic Perrottet said.
“This event is far from over. Please don’t be complacent, wherever you are. Please careful when you’re driving on our roads. There is still substantial risk for flash flooding across our state,” Perrottet said.
Emergency Services Minister Steph Cooke credited the skill and commitment of rescue crews for preventing any death or serious injury by the fourth day of the flooding emergency.
Parts of southern Sydney had been lashed by more than 20 centimeters (nearly 8 inches) of rain in 24 hours, more than 17 percent of the city’s annual average, Bureau of Meteorology meteorologist Jonathan How said.
Severe weather warnings of heavy rain remained in place across Sydney’s eastern suburbs on Tuesday. The warnings also extended north of Sydney along the coast and into the Hunter Valley.
The worst flooding was along the Hawkesbury-Nepean rivers system along Sydney’s northern and western fringes.
“The good news is that by tomorrow afternoon, it is looking to be mostly dry but, of course, we are reminding people that these floodwaters will remain very high well after the rain has stopped,” How said.
“There was plenty of rain fall overnight and that is actually seeing some rivers peak for a second time. So you’ve got to take many days, if not a week, to start to see these floodwaters start to recede,” How added.
The wild weather and mountainous seas along the New South Wales coast thwarted plans to tow a stricken cargo ship with 21 crew members to the safety of open sea.
The ship lost power after leaving port in Wollongong, south of Sydney, on Monday morning and risked being grounded by 8-meter (26-foot) swells and winds blowing at 30 knots (34 mph) against cliffs.
An attempt to tow the ship with tugboats into open ocean ended when a towline snapped in an 11-meter (36-foot) swell late Monday, Port Authority chief executive Philip Holliday said.
The ship was maintaining its position on Tuesday farther from the coast than it had been on Monday with two anchors and the help of two tugboats. The new plan was to tow the ship to Sydney when weather and sea conditions calmed as early as Wednesday, Holliday said. The original plan had been for the ship’s crew to repair their engine at sea.
“We’re in a better position than we were yesterday,” Holliday said. “We’re in relative safety.”
Perrottet described the tugboat crews’ response on Monday to save the ship as “heroic.”
“I want to thank those men and women who were on those crews last night for the heroic work they did in incredibly treacherous conditions. To have an 11-meter (36-foot) swell, to be undergoing and carrying out that work is incredibly impressive,” Perrottet said.


Search efforts resume after glacier collapse in Italian Alps

Search efforts resume after glacier collapse in Italian Alps
Updated 04 July 2022

Search efforts resume after glacier collapse in Italian Alps

Search efforts resume after glacier collapse in Italian Alps
  • Rising average temperatures have caused the Marmolada glacier, like many others around the world, to shrink steadily over recent decades

CANAZEI, Italy: Search and rescue operations resumed on Monday in the Italian Alps with 17 people missing, authorities said, after part of a mountain glacier collapsed, killing at least six people and injuring eight.

The avalanche took place on the Marmolada, which at more than 3,300 meters is the highest peak in the Dolomites, a range in the eastern Italian Alps straddling the regions of Trento and Veneto.

Rising average temperatures have caused the Marmolada glacier, like many others around the world, to shrink steadily over recent decades.

It was not clear what caused the ice to break way but an early summer heatwave across Italy saw temperature rise abruptly, including on the Marmolada.

“For weeks the temperatures at high altitudes in the Alps have been well above normal values, while this past winter there has been little snow, which hardly protects the glacial basins anymore,” Renato Colucci from the polar sciences institute of the National Research Council (CNR) said in a statement.

Four victims were identified on Monday, three of them Italian, including two alpine guides, and another from the Czech Republic, news agency AGI reported, citing rescuers.

Italian Prime Minister Mario Draghi and the head of the National Civil Protection agency were due to visit the area later on Monday.


Crisis-hit Sri Lanka extends school closures

Crisis-hit Sri Lanka extends school closures
Updated 05 July 2022

Crisis-hit Sri Lanka extends school closures

Crisis-hit Sri Lanka extends school closures
  • Island’s dwindling stock of petrol, diesel expected to run out in days
  • Follows 2-week shutdown in Colombo and urban areas

COLOMBO: Schools across Sri Lanka will close for one week starting Monday, the Education Ministry has announced, as the island nation grapples with its worst economic crisis since gaining independence in 1948.

Sri Lanka is struggling to find critical funding to finance the import of essential goods, including fuel, food and medicines.
The country’s existing stock of petrol and diesel is only sufficient for a few more days, and is now limited for use in essential services, such as health, public transport and food distribution. Long queues of drivers have been sighted across Colombo at gas stations, as some wait for more than 48 hours to fill their vehicles.

FASTFACT

The announcement comes after schools in Colombo and other urban areas were closed for two weeks in a row. Lessons were replaced with online classes, with officials previously citing transportation difficulties caused by the fuel crisis.

With the worsening economic turmoil, the Ministry of Education announced an early “holiday week” for all schools across the island, following an official review of the “notifications about the distribution of fuel” in the country.
“The week from July 4 to July 8 will be declared as a holiday week for all government schools and government-approved private schools across the island,” a circular issued by the ministry on Sunday reads.
The latest announcement comes after schools in Colombo and other urban areas were closed for two weeks in a row. Lessons were replaced with online classes, with officials previously citing transportation difficulties caused by the fuel crisis.
The extended closures have raised concerns among Sri Lankans, as some are worried about how the crisis will affect the future of younger generations.
“Simply closing schools will damage the future of the next generation,” Prof. Chandima Wijegunawardena, leader of the Sri Lanka Humanity Party, told Arab News.
“It’s sad that the political blunder of the parliamentarians is affecting children’s education.”
The economic meltdown has triggered a political crisis, with President Gotabaya Rajapaksa facing accusations of corruption and economic mismanagement. Anti-government protesters have taken to the streets for months to demand his resignation.
Wijegunawardena said that the government should implement a system that allows students to attend schools closest to their homes.
“It’s a scheme that allows children to walk to schools nearby their homes, so the rule can apply to teachers and other staff, too,” he said. “Policies and principles can be changed with the changing times.”
Ismeth Fatima, principal of Zahira College in Colombo, said that students should not be deprived of education in schools.
“Let them go to the nearby school and transfer teachers to their respective places of origin so they can cut down on the travel,” Fatima told Arab News.
“It is sad that the country has to undergo this ordeal,” she said. “A school is a school — we cannot expect the children to learn properly in their own respective home environment.”
Online learning as an alternative has also worried educators, with MRM Rifky, principal of Al-Humaisara National School located in Beruwala, a town 60 kilometers south of Colombo, warning that students at his school have failed to attend the new virtual classes.  
“Online education is an utter failure,” he told Arab News.
The two years of the COVID-19 pandemic have already deprived children in Sri Lanka of their educational experiences, said women’s rights activist Shreen Saroor.
“Now with this ad-hoc management of the education system, Sri Lanka will lose out on our history and pride.”


Police arrest suspect after gunman kills six at US July 4 parade

Police arrest suspect after gunman kills six at US July 4 parade
Updated 8 min 25 sec ago

Police arrest suspect after gunman kills six at US July 4 parade

Police arrest suspect after gunman kills six at US July 4 parade

HIGHLAND PARK, United States: Police arrested a suspect Monday after a mass shooting left six dead at a US Independence Day parade in a wealthy Chicago suburb, casting a dark shadow over the country’s most patriotic holiday.
Robert Crimo, 22, was identified as a “person of interest” and became the target of a massive manhunt across the town of Highland Park in Illinois, where a rooftop gunman with a high-powered rifle turned a family-focused July 4 parade celebration into a scene of death and trauma.
Firing into the holiday crowd, the shooter triggered scenes of total chaos as panicked onlookers ran for their lives, leaving behind a parade route strewn with chairs, abandoned balloons and personal belongings.
Emergency officials said around two dozen people, including children, were treated for gunshot injuries, with some in critical condition.
After a brief car chase, Crimo was taken into custody “without incident,” Highland Park police chief Lou Jogmen told reporters.
Earlier, police had warned that he was armed and “very dangerous.” A Chicago musician of the same age and with the same name goes by the stage moniker “Awake the Rapper” online.
The shooting is part of a wave of gun violence plaguing the United States, where approximately 40,000 deaths a year are caused by firearms, according to the Gun Violence Archive website.
And it cast a pall over America’s Independence Day, in which towns and cities across the country hold similar parades and people — many dressed in variations on the US flag — hold barbecues, attend sports events and gather for firework displays.
“We were getting ready to march down the street and then all the sudden waves of these people started running after, like running toward us. And right before that happened, we heard the pop, pop, pop, pop, pop, and I thought it was fireworks,” Emily Prazak, who marched in the parade, told AFP.
Don Johnson, who attended the parade, said he initially thought the gunshots were a car backfiring.
“And finally, I heard the screams from a block down and people running and carrying their kids and everything, and we ran into the gas station, and we were in there for three hours,” he told AFP.
“I’ve seen scenes like this over and over again on the TV and in different communities, and didn’t think it was going to happen here ever,” he said.
Police officials said the shooting began at 10:14 am, when the parade was approximately three-quarters of the way through.
“It sounds like spectators were targeted... So, very random, very intentional and very sad,” said Lake County Major Crime Task Force spokesman Christopher Covelli.
Five of the six people killed, all adults, had died at the scene. The sixth was taken to hospital but succumbed to wounds there.
Dr. Brigham Temple of Highland Park Hospital, where most of the victims were taken, said that it had received 25 people with gunshot wounds aged eight to 85.
He said “four or five” children were among them, and that 16 people were later discharged.
Police said the shooter used a “high-powered rifle,” and “firearm evidence” had been located on the rooftop of a nearby business.
“All indications is he was discreet, he was very difficult to see,” said Covelli.
A Mexican was among those killed, Mexico’s Foreign Minister Marcelo Ebrard said.
“We stand with the Chicago community in its pain and sadness over this tragedy,” he tweeted.
President Joe Biden voiced his shock and vowed to keep fighting “the epidemic of gun violence” sweeping the country.
“I’m not going to give up,” he said.
Last week, Biden signed the first significant federal bill on gun safety in decades, just days after the Supreme Court ruled that Americans have a fundamental right to carry a handgun in public.
The deeply divisive debate over gun control was reignited by two massacres in May that saw 10 Black supermarket shoppers gunned down in upstate New York and 21 people, mostly young children, slain at an elementary school in Texas.
According to the Gun Violence Archive, there have been 309 mass shootings carried out in the US so far in 2022 — including at least three others on July 4, though without any fatalities.
“It is devastating that a celebration of America was ripped apart by our uniquely American plague,” Illinois governor JB Pritzker told reporters Monday.
“A day dedicated to freedom has put into stark relief the one freedom we as a nation refuse to uphold — the freedom of our fellow citizens to live without the daily fear of gun violence.”