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Israeli tech last line of defense for power plant cyber attacks

Bloomberg In Ocean’s Eleven, George Clooney’s gang inserts a recording into a casino security camera system so the guard sees only a video loop from the day before, camouflaging a heist from the safe. In a 2015 cyber attack on a Ukraine power plant, hackers did much the same, playing around for months with the electricity company’s network, disconnecting emergency ...

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Saudi fund to explore asset sales for overseas deals

  Bloomberg Saudi Arabia’s sovereign wealth fund is considering selling stakes in local companies to raise funds for international expansion, according to five people with knowledge of the matter. The Public Investment Fund — with about $100 billion worth of shares in listed local companies including Saudi Basic Industries Corp. and Saudi Telecom Co. — is reviewing the stakes as ...

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Saudi Oger near $1.1bn deal to sell Arab Bank stake

  Bloomberg Saudi Oger Ltd. reached a preliminary agreement to sell its 20 percent stake in Jordan’s Arab Bank Plc to Fawaz Al Hokair Group for about $1.1 billion, according to people familiar with the matter. The two family-owned companies plan to make a formal announcement after receiving regulatory approval, the people said, asking not to be identified as the ...

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