The downgrade reflects weakening demand from buyers following coronavirus-related events
The Outlook revision follows a similar rating action on the parent, HSBC Holdings
Saudi Arabia's non-oil private sector saw its biggest drop since the survey began in August 2009
Hackers are targeting industries such as manufacturing, industrial, finance, transportation, pharmaceutical and cosmetics
According to experts, the current situation is tempting cybercriminals to launch more destructive attacks
They could be for spying purposes and financial theft
Text scams may include links for travel websites for canceling prior bookings on coronavirus outbreak, or links to download some social apps
The initiative allows the force to broadcast awareness messages and safety information during the coronavirus crisis.
This is in line with the precautionary measures to ensure public health and safety.
As for the coronavirus pandemic, since the cause of infection is more closely related to the rapid spread of the virus, it calls for a harsher penalty for any violation.