Saudi Arabia Financial News

02.06 / 14:05

business Adoption Environment Bitcoin Stranded US energy company opens crypto mining facility in Middle East to use stranded natural gas

As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle Eastern country sets a horizon for a positive role of crypto in cutting the fossil fuels waste.

31.05 / 22:07

Target Deal OPEC Weighs Suspending Russia From Oil-Production Deal

Some OPEC members are exploring the idea of suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, OPEC delegates said.

27.05 / 12:03

cryptocurrency CryptoExplainer Get Your Crypto House In Order, World Economic Forum's Old Guard Tells Davos Debutantes

Get your crypto house in order, old guard tells Davos debutantes

26.05 / 05:51

Adoption Survey NOT Developing countries love the Metaverse, rich nations not keen: WEF survey

Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF).

05.05 / 17:07

Twitter Binance M&A Takeover Binance Backs Twitter Takeover with USD 500m, Musk Could Serve as Interim CEO

The major crypto exchange Binance is backing Elon Musk’s takeover of Twitter with a USD 500m investment, a public filing showed. Meanwhile, Musk might also serve as temporary CEO of Twitter once the takeover is done.

28.04 / 10:47

COST Provident Digital nordics NextGen Nordics: Who started the rumour that CBDCs will replace cash?

With the definition of a CBDC still being unclear to many, Curran asked Sointu to provide his perspective and he highlighted how for a central bank, the liability is equivalent to cash, but it is simply digital. “Beyond that, everybody has a different opinion on different perspectives of what it is, what it should be, how it is, what it’s going to be used for, whether it’s useful or not, how it’s distributed and how the service works,” Sointu added.

15.04 / 15:39

Twitter Social Media M&A community Crypto Community Welcomes Musk’s Twitter Bid as Obstacles Emerge

Twitter’s board does not welcome Tesla chief Elon Musk’s bid to buy all the shares of the company and is reportedly preparing a ‘poison pill’ defense strategy that would prevent a hostile takeover.

12.04 / 19:15

Citi Citigroup Citigroup rebuilds presence in Saudi Arabia

RIYADH, Saudi Arabia — When Citigroup shut down operations in Saudi Arabia after 11 September 2001, government officials here felt betrayed. For years after, the Saudis snubbed Citi as executives realised they had made a mistake and tried to rebuild their business.

11.04 / 10:25

Citi Citigroup Citigroup rebuilds presence in Saudi Arabia

07.04 / 11:43

Social Media Murder Refugees Jamal Khashoggi: Istanbul court transfers murder case to Saudi Arabia

A Turkish court ruled on Thursday to suspend the trial in absentia of 26 Saudis accused of the gruesome killing of Washington Post columnist Jamal Khashoggi, with the case to be transferred to Saudi Arabia.

29.03 / 11:55

Blockchain Adoption Tax The Prospects, Possibilities, and Dangers of CBDCs

Suren Ayriyan is the Managing Partner and CEO at TEMPO Payments, a digital money transfer company.

27.03 / 16:17

Blockchain Ethereum cryptocurrency cryptocurrency explainer Consumption Ethereum Upgrade Ethereum Upgrade And Energy Consumption: Here’s All You Need To Know

Ethereum is a programmable blockchain that keeps a publicly accessible record of transactions

15.03 / 19:39

VISA economics Legal Defi Hack Ethereum Co-Founder Raises USD 450M & Bashes Solana, Another DeFi Hack + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

12.03 / 21:23

Social Media Refugees Saudi Arabia carries out mass execution of 81 inmates, biggest in modern history

Saudi Arabia on Saturday executed 81 people convicted of crimes ranging from killings to belonging to militant and terrorist groups -- the largest known mass execution carried out in the kingdom in its modern history.

24.02 / 12:10

Dogecoin Ethereum Us Treasury Shiba Inu Bitcoin Crypto m-cap halves in less than 5 months to $1.5 trillion

The crypto market cap stood at $1.58 trillion on Thursday after Russia ordered military action in Ukraine as against the $3 trillion mark scaled in November 2021. In terms of value, the fall in the global crypto market-cap is higher than the GDP of countries like Australia, Spain, Saudi Arabia, South Korea, Mexico, Turkey, Netherlands and Indonesia.

09.02 / 12:03

Technology World Health Organization Equality end COVID equality: WHO calls on rich countries to pay €14 billion urgently to end global pandemic

The World Health Organization (WHO) on Wednesday urged rich countries to urgently provide the $16 billion (€14 billion) that is still missing to finance its plan to fight the COVID-19 pandemic.

07.02 / 17:05

Blockchain Adoption Middle east Bitcoin Swiss Swiss BSV to establish blockchain academy in the Middle East

The first blockchain school in the Middle East will open in Riyadh, Saudi Arabia, according to an announcement by the BSV Blockchain Association. The new institution will reportedly provide training and development tools for government organizations and enterprises interested in adopting or experimenting with blockchain technology.

25.01 / 17:10

business Binance Africa Bitcoin Crypto firms ignore Africa at their peril as continent set for major adoption

Even though the digital asset market seems to be witnessing a bit of a lull at the moment, the adoption of crypto-centric tech has continued to move forward with a full head of steam globally. Africa, in particular, is a continent where a growing list of mainstream financial entities have continued to make their presence felt, as they have begun to realize that the economic opportunities presented by the region are immense.

13.01 / 13:42

Government Law Court Bitcoin Pakistan’s central bank reportedly wants to ban crypto

The State Bank of Pakistan (SBP) is reportedly seeking to ban all cryptocurrency transactions in Pakistan.

11.01 / 15:11

Adoption Africa Bitcoin Morocco is number one for Bitcoin trading in North Africa

Estimates from Triple A, a Singaporean cryptocurrency provider and aggregator, state that 0.9 million people, or roughly 2.4% of Morocco’s total population, currently own cryptocurrency.

05.01 / 09:25

Environment Terrorism Paris opens terrorism probe after Frenchman injured in explosion on Paris-Dakar race

French authorities have launched a terrorist probe after an explosion hit a vehicle on the Dakar 2022 race and injured a Frenchman.

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