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RNS Solutions & Trustedchain Are Developing Blockchain FinLit Platform for Islamic Development Bank
14.6.2021
PRESS RELEASE. Pakistan: RNS Solutions Pte Ltd., the leading blockchain software development company from Pakistan, Korea, and Singapore this week announced a formidable partnership with the ICD-Islamic Development Bank Group, a multilateral development bank that promotes social and economic...
Saudi Arabia Acquires $3.3 Billion Stake In EA, Take-Two, Activision Blizzard
18.2.2021
Saudi Arabia has utilized its Public Investment Fund to invest over $3.3 billion (that’s $3,300,000,000 for the more visual learners out there) in Electronic Arts, Take-Two Interactive, and Activision Blizzard, Al Jazeera reported (h/t Eurogamer).Read more
Bahrain Central Bank Issues License to Shariah-Compliant Crypto Exchange
27.1.2021
Middle Eastern crypto exchange Coinmena said this week that it had obtained a crypto assets services company license from the Central Bank of Bahrain (CBB) ahead of its planned launch. In receiving the license, the exchange, which has been certified by the Shariyah Review Bureau, said it had...
Bahrain central bank licenses Sharia-compliant crypto exchange
25.1.2021
Bahrain-based crypto exchange CoinMENA acquired a major license ahead of its launch in several countries including the UAE and Saudi Arabia
Future of Fintech—Saudi Arabia—a Virtual Event Is Back!
18.12.2020
Saudi Arabia has consistently seen a surge in the use of FinTech and related technologies during the global health crisis. There has been a rise in the use of contactless payments, and other forms of digital banking channels. The faster adoption of FinTech has exceeded expectations as part of...
UAE, Saudi Arabian central banks release report on Project Aber CBDC trial
29.11.2020
The joint report is among the most promising CBDC studies conducted by central bank authorities
Fintech Firm Fasset to Launch Zero-Trade Fee Crypto Trading Platform for Countries in the Gulf Region
24.9.2020
Announced on Thursday, the Fasset Exchange (FEX) is open for private beta enrollment and is planning a public launch later this year
US Company Accepts Bitcoin Payments for Luxury Planes, as $40M Gulfstream Jet Goes on Sale
16.9.2020
Aviatrade Inc., a New Jersey-based aircraft sales company, is now accepting bitcoin as a means of payment for its range of multi-million dollar luxury jets. Philip Rushton, president of Aviatrade, told news.Bitcoin.com that the first plane available for purchase via cryptocurrency is a six-year-old...
Is Being the ‘Saudi Arabia of Money’ Good for America?
13.9.2020
A reading of “How to Diagnose Your Own Dutch Disease,” a look at the problems of America’s dollar trade
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
3.9.2020
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said
One Giant ‘LEAP’: Saudi Arabia’s New Global Tech Event
21.8.2020
A landmark technology event of national importance is poised to galvanise public and private organisations in the region and beyond, drive social reform and female empowerment, as well as unlock the Kingdom’s boundless investment potential for seismic economic diversification. Supported by Saudi...
Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank
16.6.2020
The Islamic Development Bank’s research organization has partnered with Blocko to build a blockchain credit management system
What the Stock Market’s ‘Robinhood Rally’ Means for Bitcoin
9.6.2020
The largest 50-day rally in stock market history and even shares of bankrupt companies are up more than 100%. What is going on?
Saudi Monetary Authority Pumped Some of $13B Bank Infusion Using Blockchain
9.6.2020
The central bank claims to have distributed 'part' of a recent $13 billion bank "liquidity enhancement" using blockchain tech
Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain
8.6.2020
The Saudi Arabian Monetary Authority has transferred funds to local banks using blockchain technology
Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate
23.3.2020
Extreme volatility. Sudden loss of value. A purported store of value. An economic hedge. An alternative to gold. On the face of it, bitcoin and oil have a lot in common. Both markets have been buffeted by the covid-19 economic downturn, but while bitcoin has stabilized, oil keeps plummeting. What...
Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East
13.3.2020
Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East
Why Energy Experts Are Watching Crypto as Oil Wars Emerge
11.3.2020
Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change
What the Oil Market Says About Bitcoin’s ‘Safe Haven’ Status
9.3.2020
“I don’t think any asset is safe right now – except cash, US dollars.”
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...