Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said. Source
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One Giant ‘LEAP’: Saudi Arabia’s New Global Tech Event to Reshape Lifestyles, Transform Economy and Put Kingdom among World’s Top Tech-Enabled Nations
11 August 2020: Saudi Arabia has revealed ambitious plans to transform the Middle East’s technology sector and position the Arabian Gulf nation at the global forefront of a bold, new era of futuristic technology adoption.LEAP, a landmark technology event of national importance that supports the Kingdom’s Vision 2030 for a
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Saudi Monetary Authority Pumped Some of $13B Bank Infusion Using Blockchain
The Saudi Arabian Monetary Authority (SAMA) has distributed cash to local banks over blockchain. On Monday, the central bank announced it had deposited “part” of a recent banking sector liquidity pump through “blockchain technology” after injecting 50 billion riyals ($13.3 billion) into local banks on June 1. At the time, SAMA said
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Saudi Aramco to Offer Less than 1% to Individual Investors in Its IPO
Saudi Aramco has indicated in its prospectus that less than 1% of its shares are available for retail investors in its upcoming IPO.In what seems like a preference for institutional investment, Saudi Arabia’s State Oil Company Aramco in its prospectus has indicated offering of less than 1% of the shares
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Bitcoin Mum despite Saudi Attack Raising Demand for Haven Assets
Bitcoin appeared stuck in a price-range on Monday as attacks on Saudi Arabia’s oil facilities raised concerns over global energy supply and renewed tensions in the Middle East.The spot bitcoin rate slipped 0.03 percent to $10,301.78 on Coinbase, while bitcoin futures on CME surged by 1.12 percent to $10,380 as
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Saudi Arabia Cautions About a Crypto Scam Supposedly Affiliated with the Kingdom
Saudi Arabia’s Ministry of Finance took the time to warn the general public of an ongoing crypto scam spearheaded by a Singapore-based crypto company.The Ministry of Finance revealed that although the so called crypto firm claims to be affiliated with the Kingdom, its token and operation are neither recognized or
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