New Saudi-made plane ’to take off next year’

New Saudi-made plane ’to take off next year’
Updated 24 February 2016

New Saudi-made plane ’to take off next year’

New Saudi-made plane ’to take off next year’

RIYADH: A new military transport aircraft manufactured locally will be tested next year after 18 months of development and design.
This is according to Prince Turki bin Saud bin Mohammad, president of King Abdulaziz City for Science and Technology.
The AN-132 is the result of cooperation with Ukraine and would see 80 planes produced, partially in the former Soviet nation, he said.
The AN-132 is a modern version of the military transport plane AN-32, with modern engines and electronics that would make it more fuel-efficient and able to take off and land in various environments, he was quoted as saying by a local publication.
This coincides with Saudi Arabia signing five agreements with several companies affiliated with the Saudi Company for Development and Technical Investments, which is completely owned by the Public Investment Fund.
The agreements were signed with leading technology and manufacturing companies to establish five companies specializing in military and civil industries, satellite and radar production, and clean energy.
Prince Turki said two of the five agreements would see the manufacture of Black Hawk and Antonov aircraft, which would see a significant transfer of technology, and the production of these planes in the Kingdom.
This partnership is an expansion of a current agreement between KACST and Antonov to develop and manufacture AN-132 planes.
KACST would own 50 percent of the intellectual property, he said.
A Saudi company combining Technical Space Company and US Digital Globe has been set up to manufacture and market a number of small satellites for space photography. KACST aims to develop and manufacture six satellites.
Another deal was signed with Aselsan Turkish company to develop and manufacture radars and electro-visual devices in the Kingdom.
The pact includes training of staff. The company would provide maintenance and development services to the military and security sectors.


Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia

Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia
Vishing that occurs during a telephone call aims to provoke fear in the victim so that customers will be more susceptible to giving out personal, financial, or security details. (shutterstock)
Updated 18 January 2021

Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia

Fraudsters up their game, posing as bank officials on the phone in Saudi Arabia
  • The Saudi Central Bank (SAMA) has warned bank customers, both citizens and expatriates, not to fall victim to financial frauds being perpetrated by scammers

JEDDAH: Fraudsters have developed a new scam, contacting residents in Saudi Arabia and pretending to be bank staffers requesting customer details.
A number of Arab News staff have received such calls in recent weeks. One caller spoke Urdu while two other callers posing as senior officials from the headquarters of the bank spoke in English and Arabic with a local accent.
They used phone numbers that appeared to be local numbers but upon calling back, the lines failed to connect.
The racketeers collect phone numbers of customers and ring them up, saying that their bank account or ATM card requires immediate updating. The scammers use the information provided to gain access to their bank accounts.
Speaking to Arab News, Talat Zaki Hafiz, secretary-general of the Media and Banking Awareness Committee of Saudi banks, said: “Saudi banks represented by the Media and Banking Awareness Committee have repeatedly warned bank customers not to react to stray phone calls of any kind coming from unknown sources that ask to update their banking record or personal information.” He further confirmed that banks do not request such information through phone calls or SMS messages.
Mohammed Khurram Khan, a professor of cybersecurity at the King Saud University in Riyadh, told Arab News: “Phishing, an online scam which targets users through emails where individuals are encouraged to click on a link that takes them to fraudulent sites, was troubling people. Now it’s a different kind of scam known as ‘vishing,’ over-the-phone phishing, where scammers persuade users to share their banking information by impersonating a bank official.”

HIGHLIGHT

The racketeers collect phone numbers of customers and ring them up, saying that their bank account or ATM card requires immediate updating. The scammers use the information provided to gain access to their bank accounts.

Vishing that occurs during a telephone call aims to provoke fear in the victim so that customers will be more susceptible to giving out personal, financial, or security details.
Sharing his experience Zafar Hasan, an e-learning consultant in Riyadh, said: “I received a call from someone on an unknown mobile number who introduced himself as a bank employee and told me that my ATM card was going to be blocked. It required an immediate update so I should give my Iqama number (residence permit number) and sixteen-digit ATM card number. I felt something was fishy, so I told him that I would go personally to the bank to update the card.”
The Saudi Central Bank (SAMA) has warned bank customers, both citizens and expatriates, not to fall victim to financial frauds being perpetrated by scammers.
SAMA called on bank customers to take information only from the official channels of the bodies regulating the Kingdom’s financial and investment sectors and inform the competent security authorities about such fraudulent attempts.