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UAE Central Bank Establishes Cybersecurity Operations Center

According to Check Point Research, the United Arab Emirates has seen roughly 311 weekly attacks per organization this year alone.

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uae central bank establishes cybersecurity operations center

Cyber attacks are a growing problem around the world, and the United Arab Emirates has so far experienced on average 40 percent more attacks weekly in 2021 compared to 2020. According to Check Point Research, the country has seen roughly 311 weekly attacks per organization this year alone. To combat the growing number of cyber threats coming from nation states and independent cybercriminal groups alike, the Central Bank of the UAE (CBUAE) has announced the establishment of the CBUAE Networking and Cybersecurity Operations Center.

The main objective of the new Cybersecurity Operations Center will be the protection of the critical infrastructure that enables UAE’s financial sector to operate.

“In line with the CBUAE’s overarching vision, the CBUAE Networking and Cybersecurity Operations Center will strengthen the UAE’s monetary and financial systems,” said Dr. Sabri Hamed Al Azazi, Assistant Governor, Support Services and Operations, and Chief Operating Officer of CBUAE. “As Cybersecurity threats become increasingly sophisticated, it is critical that we have the necessary framework to protect our financial institutions, their infrastructure, processes, and people from these challenges”.

The Cybersecurity Operations Center will be situated in CBUAE’s Abu Dhabi headquarters. Its proximity to the nation’s major financial institutions should bring better collaboration among decision-makers, helping them respond to cybersecurity threats as they emerge.

Also Read: AI-Powered Dark Web Monitoring Solutions Premier At GITEX 2021

The UK technology comparison website Comparitech analyzed the cost of cyber crime in the UAE, the figure it came up with was $746 million a year. As alarming as the number may be, it doesn’t even tell the whole story because cyber crime in the region is still severely underreported by police, government entities, as well as individuals.

Hopefully, the new Cybersecurity Operations Center will help improve the resilience and preparedness of the financial sector so that the UAE can achieve sustainable economic growth.

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Abu Dhabi To Develop $1 Billion eSports Island Facility

Positioned along the picturesque Al Raha beach, the venue is poised to become a focal point for gaming enthusiasts worldwide.

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abu dhabi uae to develop $1 billion esports island facility
True Gamers

Despite the economic slowdown of global eSports, the Middle East has emerged as a beacon of innovation and investment, particularly in infrastructure aimed at attracting top talent. According to a report by BCG, the region’s population exhibits a remarkable fondness for gaming, with over 60% actively participating and some of the highest figures of mobile game downloads in the world.

The latest addition to the UAE’s burgeoning eSports landscape is Abu Dhabi’s ambitious eSports Island project. Positioned between the Al Bandar and Al Dana developments along the picturesque Al Raha beach, the island is poised to become a focal point for esports enthusiasts worldwide.

True Gamers — a key player in the gaming industry — has pledged a substantial investment of $280 million to develop Abu Dhabi’s eSports Island. Upon completion, the project is anticipated to cost a staggering $1 billion.

true gamers esports island details

The island will boast state-of-the-art amenities geared towards training aspiring eSports professionals and hosting international tournaments. The GG Bootcamp, equipped with cutting-edge gaming infrastructure, will provide a comprehensive training facility, dedicated rest areas and even nutrition programs.

At the heart of the eSports Island lies the True Gamers (TG) Arena, envisioned as a premier venue for hosting high-profile competitions with thousands of spectators. Adaptable spaces are designed to cater to various gaming formats and genres, and the arena will also serve as a hub for digital exhibitions and conferences. Additionally, the Digital Tower will offer a collaborative workspace for developers, and the island will host tourists and event goers in 200 rooms with in-built gaming computers.

Also Read: Top 10 Best Video Games Set In The Middle East

Establishing an eSports hub in Abu Dhabi will reinforce the UAE’s position as a global market leader, capitalizing on the region’s growing appetite for gaming. As international tournament organizers increasingly focus on the Middle East, the unveiling of Abu Dhabi’s eSports Island heralds a new era of innovation and growth for the industry.

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