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Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt
28.1.2020
Saudi Aramco joins Shell, BP, Chevron and others in using Vakt’s blockchain-based oil trading platform
One of World’s Richest Firms Joins Blockchain Trade Platform Vakt After $5M Investment
28.1.2020
Oil-giant subsidiary Saudi Aramco Energy Ventures has made a $5 million investment in Vakt, a commodities post-trade processing platform built with blockchain tech
Saudi-UAE Leaders Confirm Forthcoming Jointly-Issued Digital Currency
28.11.2019
Saudi Arabia and the United Arab Emirates discussed the countries’ plans for an interbank digital currency
QE Infinity: 37 Central Banks Participate in Stimulus and Easing Practices
9.11.2019
Since the last week of October, a great number of central banks have been slashing interest rates, joining the massive synchronization of monetary easing worldwide. This year more than two dozen banks have used easing tactics and in the last two weeks alone central banks from Costa Rica, Hong Kong...
Government Hates Crypto Because It Empowers the People, Not Because It’s Used for Crime
10.9.2019
A recent article from MIT Technology Review has leveraged a somewhat sensationalist headline to stir up fear about bitcoin and crypto. The article, written about a “hidden” government weapon to be deployed against Bitcoin, references September 3 senate subcommittee testimony...
Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform
29.8.2019
R3 partners with Dubai based fintech firm Wethaq as it builds a Corda-based Islamic securities platform
Saudi Arabia Warns of Crypto Scammers Posing as Gov’t Projects
21.8.2019
Saudi Arabia’s Finance Ministry says scammers are using the kingdom’s official emblem to promote digital tokens
Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War
23.7.2019
After nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these...
How They Will Attack Bitcoin: The Hypocritical Shock Campaign of US Monetary Policy
17.7.2019
On July 16, U.S. Department of the Treasury Secretary Steven Mnuchin gave a short press briefing discussing cryptocurrencies and the pressing need for regulation. A 28-minute slodge of alphabet agency soup, studded with calculated mentions of “terrorism” nearly every minute, casual...
Middle East Blockchain Development Primed to Lead the Global Industry
10.7.2019
The United Arab Emirates is currently spearheading the Gulf crypto revolution, Ethereum seeks partnership ties
Ethereum Leaders Are Slowly Courting Gulf Coast Royals and Investors
2.7.2019
The Ethereum Foundation and ConsenSys are both working to bring blockchain technology to the Middle East
As Oil Demand Falters, OPEC Decides To Keep Output Cuts Into Next Year
1.7.2019
The OPEC countries’ share of oil production may have become far less than what it used to be, but the institution is still regarded as one of the most powerful bodies when it comes to the oil industry. The soaring production levels of shale oil in the United States and the weak outlook with regards...
INEOS Announces Plan to Invest $2 Billion in Saudi Petrochemical Project
3.6.2019
After the whole Jamal Khashoggi affair, there was worldwide outrage about the Saudi leadership and many investors made noises about not doing business in the country ever again. However, the tide has definitely turned over the course of 2019, and big-ticket investment is continuing to flow into...
Saudi Arabia States Oil Producers are Looking to Reduce Inventories
22.5.2019
One commodity that almost always sends investors into a bit of a tizzy is oil, and due to the current fragility in the oil market, there has been a lot of concerns from investors all over the world. In a recent report, Bank of America had even stated that the price of Brent crude could …
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