Saudi Arabia 'arrests women's rights activists'

Saudi authorities detained seven women’s rights defenders since May 15, Human Rights Watch says. Saudi Arabia has arrested a number of female rights activists in the kingdom over the past days, rights group Human Rights Watch (HRW) and the Gulf Centre for Human Rights said. In a statement issued on Saturday, US-based HWR said Saudi authorities had detained seven women’s rights […]

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Wall Street is 'looking for opportunities' in Saudi Arabia, the country's finance minister says

The finance minister of Saudi Arabia is claiming confidence over foreign investimnet in the kingdom. Saudi Arabia has reported its first quarterly budget surplus since 2014. The country is plagued by domestic and regional political instability. The finance minister of Saudi Arabia told CNBC that a recent fall off in foreign investment to his country will end as Wall Street […]

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Saudi Arabia Trials Blockchain For Quality Checks In Oil Industry

Ahmad Khowaiter, CTO of Saudi Arabian national petroleum and natural gas company Saudi Aramco, has revealed that the country is currently testing blockchain technology to track quality in oil and gas industry. In an interview with online news oulet Sputnik, Khowaiter said that blockchain has a lot of advantages in ensuring the quality of the product and the source of […]

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Saudi Arabia’s NCB Joins RippleNet, Saudi British Bank Enters R3’s Consortium

Saudi Arabia is more open to the blockchain technology as the National Commercial Bank joined RippleNet and the Saudi British Bank joined R3’s blockchain consortium. Ripple, the company behind the cryptocurrency with the same name, announced on Thursday that the National Commercial Bank (NCB), also known as AlAhli Bank, joined RippleNet after the blockchain firm conducted a pilot with the […]

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Cryptocurrency Trading Still Illegal In Saudi Arabia

After recent drops in the price of bitcoin and other cryptocurrencies, the government’s central bank felt the need to remind citizens of the risks of trading, both financial and legal. The Saudi Arabian Monetary Authority (SAMA) issued a statement yesterday reminding citizens that any dealings with cryptocurrency are still illegal. The central bank’s Sunday announcement was issued by the Standing […]

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NASDAQ Dubai Launches Saudi Equity Futures

NASDAQ Dubai, a stock exchange in the United Arab Emirates (UAE), announced today that it will be launching Saudi Arabian futures, allowing investors to tap into the Saudi market. The exchange will be providing equity futures in leading companies already listed in Saudi Arabia. NASDAQ Dubai’s announcement will come as welcome news to investors looking to get a foothold in […]

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Ripple Partners With Saudi Arabian Monetary Authority To Offer Pilot Program For Banks

Ripple has announced an agreement today, Feb. 14, with the Saudi Arabian Monetary Authority (SAMA) to provide support for Ripple’s cross-border payments technology to banks in the Kingdom of Saudi Arabia (KSA). SAMA and Ripple have created a pilot program to provide support to KSA banks to use xCurrent, Ripple’s enterprise software solution that enables banks to instantly settle cross-border […]

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