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Hong Kong and Saudi Arabia collaborate on tokens and payments

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Hong Kong is expanding its financial collaboration with the Kingdom of Saudi Arabia, targeting tokenization and payments infrastructure agreements.On July 26, the Saudi...
Crypto

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

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Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing...
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Saudi-UAE Leaders Confirm Forthcoming Jointly-Issued Digital Currency

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Saudi Crown Prince Mohammed bin Salman arrived in the United Arab Emirates (UAE) for an official visit yesterday to discuss joint policy measures,...
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Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt

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Saudi Arabia’s state oil company, Saudi Aramco, has bought into the blockchain-based oil trading company Vakt, Reuters reports on Jan. 28.Saudi Aramco’s Energy...
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Central Bank of Saudi Arabia Transfers Funds to Local Banks Over Blockchain

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The Saudi Arabian Monetary Authority (SAMA), the country’s central bank, announced that it used blockchain technology to deposit funds to local banks. An official...
Crypto

Samsung-Backed Blocko to Build Blockchain-Based Credit System for Arab Bank

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The research arm of Saudi Arabia’s Islamic Development Bank Group is aiming to develop a blockchain-based smart credit management system.To achieve this, the...
Crypto

Just a moment…

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Just a moment... ...
Crypto

Bahrain central bank licenses Sharia-compliant crypto exchange

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CoinMENA, a soon-to-launch cryptocurrency exchange headquartered in Bahrain, has obtained a license from the Central Bank of Bahrain, or CBB.The newly acquired “Crypto...
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