Saudi Arabia News
Latest Saudi Arabia News
HBAR price rose 15% on Feb. 6 to reach a 20-day peak of $0.78, hours after the Hedera team confirmed a $250 million agreement with the Saudi Arabian Ministry of Investment.
Hedera, a leading Proof of Stake (POS) blockchain platform, has entered into a five-year partnership with the Saudi Ministry of Investment (MISA) to help companies develop web3 technologies in the region. The collaboration, valued at $250 million, was announced during…
Japan's leading cryptocurrency financial group, SBI, and the national oil company of Saudi Arabia, Saudi Aramco, have revealed intentions to explore co-investing in their respective digital asset portfolios, according to a Dec. 11 news release.
Animoca will develop web3 solutions and establish a hub in Saudi Arabia following the partnership with NEOM Investment Fund. Metaverse and blockchain gaming venture capital firm Animoca Brands has entered into a strategic partnership agreement with the NEOM Investment Fund,…
The IMF Annual Meetings, which concluded on Oct. 15, put forward a roadmap to address "risks related to crypto currencies."
SAMA and Hong Kong's HKMA recently held a meeting to discuss ways of boosting financial services integration and cooperation
Saudi National Bank's chairman, Ammar Al Khudairy, has resigned from his post following the banking crisis that has hit Credit Suisse Group AG.
The Saudi Central Bank (SAMA) has announced its ongoing experiment with Central Bank Digital Currencies (CBDCs). SAMA is working with local banks and FinTechs to better realize the potential uses of domestic or national wholesale CBDCs.
Global oil giant Saudi Aramco has denied reports stating that the company intends to mine bitcoin in the foreseeable future.  Initial Claims of Bitcoin Mining Activity Reports had surfaced in recent days that Aramco intended to launch bitcoin mining operations.…
The conclusion of Project Aber and subsequent review by the Central Banks of the Kingdom of Saudi Arabia (Saudi Arabian Monetary Authority) and the United Arab Emirates (CBUAE) shows that Distributed Ledger Technology (DLT) can improve remittance and satisfy privacy…
Saudi Arabia’s central bank – the Saudi Arabian Monetary Authority (SAMA) – announced that it recently deposited part of its liquidity injections to local banks via a blockchain-powered system. Saudi Central Bank Uses DLT for Banking Operations In an announcement dated June…
During the first edition of the Financial Sector Conference, a part of the Financial Sector Development Program, held in Riyadh, Saudi Arabia, on 24th & 25th April, Saudi British Bank announced the launch of its Ripple-powered payment services for instant…
The UAE and Saudi Arabian governments have revealed Aber, their joint Cryptocurrency which will soon begin its trial run in a number of selected banks in both countries. The announcement was published by Saudi Arabian Monetary Authority, January 29, 2019. Introducing…
Saudi Arabia and the UAE have launched a cryptocurrency aimed at facilitating cross-border payments. The new digital asset was unveiled during the first meeting of the Saudi-Emirati Coordination Council held on January 19, 2019, in Abu Dhabi, according to a…
Saudi Arabia’s financial watchdog, the Standing Committee for awareness on dealing in unauthorized securities has stated categorically on August 12, 2018, that cryptocurrency trading is illegal in the kingdom of Saudi Arabia. Bitcoin is Illegal in the Kingdom As stated…