The Central Bank of Bahrain (CBB) has announced its plans to test out a bitcoin payment solution with OpenNode, a crypto payment processor. The test is expected to be carried out through the bank’s regulatory sandbox. The Central Bank created the regulatory sandbox in 2017 with the aim
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Saudi Arabia has discovered gold in the Madinah region of the country. This news is undoubtedly pleasing, as the government has been attempting significant moves to reduce its high dependence on crude oil for revenue. Details of the Discovery The Saudi Geological Survey recently reported discoveries of gold deposits in Aba Al Raha, the shield of Umm […]
Top officials from Saudi Arabia and India recently discussed establishing a Riyal-Rupee trade between India and Saudi Arabia. India’s Minister of Commerce and Industry, Shri Piyush Goyal, and Saudi Arabia’s Minister of Commerce, Majid bin Abdullah al-Qasabi, held the discussion. Both stakeholders held the meeting during Goyal’s two-day visit to the
The Saudi Arabia Artificial Intelligence summit has come to a close with over 15,000 participants and 200 speakers worldwide. The conference stemmed from the intent to restructure AI in the country, leading to the finalizing and signing of the Riyadh AI Call for Action Declaration. The AI Summit in full detail The Riyadh AI Global summit was […]
The UAE has initiated a paperless tax refund scheme for tourists. This move is strategically implemented to eliminate the need to retain receipts. It also contributes its own quota to reducing environmental degradation brought on by the manufacturing and disposal of paper. Specifics of the Paperless Tax System The UAE paperless tax system is a […]
China and the UAE Join Forces to Secure the Country’s Property on the Moon : China and the UAE Join Forces to Secure the Country’s Property on the Moon In a never seen space collaboration between China and the UAE, both countries have agreed to the former’s assistance in landing the UAE’s Rover from the Moon’s surface. […]
Saudi Arabia makes a surprising move to slash crude oil prices for Asia and Europe by nearly $4 per barrel, the first tangible oil price slash in four months. This news comes when the country’s oil prices are at an all-time high. What are the Details of the Oil Price Reduction On September 6th, Saudi […]
Bayan Tree Spa, a multinational luxury company, has designed itself to spread its tentacles to the Middle East by establishing a branch in Doha. The spa aims to bring satisfaction to travelers and guests seeking comfort. This move by Bayan Tree seems wise, given that the Middle East is often a tourist attraction center. What […]
Grieving in the UAE as the country declares three days of mourning for Britain’s Monarch : Queen Elizabeth II The UAE has issued an order for the national flags in all its sectors and embassy to fly at half-mast as a show of its state of mourning for Queen Elizabeth II, Britain’s Monarch, who recently passed […]
The Spanish League, in an unprecedented move, is attempting to expand to the Middle East, North Africa, and India. This move is strategically embarked to increase the influence of Spanish Soccer and close the apparent bridge between it and the English Premier League. Details of the Expansion – All You Need To Know The Spanish League […]
The UAE has issued visa restrictions on specific countries for the time being. This decision by the UAE government was at all times influenced by the actions of specific stakeholders in the affected country and not made arbitrarily. What are the Specifics of the Visa Restrictions? For some countries, the UAE has restricted issuing visas to persons […]
Saudi Arabia – with a 7.5% Potential Growth in 2022, is set to become an Economic Powerhouse as Reports Claim : Saudi Arabia – with a 7.5% Potential Growth in 2022, is set to become an Economic Powerhouse as Reports Claim Saudi Arabia is well on its way to becoming the world’s fastest-growing economy with […]
Pure Health, an Alpha Dhabi subsidiary and one of the largest health platforms in the UAE, is set to make a $500 million minority equity investment in Ardent Health Services. The agreement’s details have been finalized, and conditions guiding both parties are subject to the US law where Ardent health services are based. What are the Specifications […]
Saudi Arabia Tilts Its Gaze to Boosting Tourism Through the Tourists Visa Scheme : Saudi Arabia Tilts Its Gaze to Boosting Tourism Through the Tourists Visa Scheme In a bid to boost its tourism sector and foster international relations, Saudi Arabia has instituted a measure to issue new visas for visiting citizens from the US, […]
Saudi Arabia Signs Mou With Alstom to Boost Transport Sector : Saudi Arabia Signs Mou With Alstom to Boost Transport Sector The Saudi Arabian transport ministry has signed a Memorandum of Understanding with Alstom. Alstom is a French multinational manufacturing company that specializes in sustainable transport. The MoU is expected to boost investment in Saudi
Saudi Arabia Issues a Call for Nations to Cut Back on Oil Production : Saudi Arabia Issues a Call for Nations to Cut Back on Oil Production In its quest to ensure some form of stability in the oil market, Saudi Arabia is contemplating cutting back on oil production and influencing other OPEC nations to […]
Qatar Establishes Public Consultations for National Blockchain Blueprint : Qatar Establishes Public Consultations for National Blockchain Blueprint Like other countries across the globe, Qatar is making moves to strengthen its blockchain adoption. Last week, the Qatar Communications Regulatory Authority (CRA) launched a consultation to get public opinions and contributions
The Flames of Covid-19 Continue to Burn as Saudi Arabia Records New Cases of the Virus : The Flames of Covid-19 Continue to Burn as Saudi Arabia Records New Cases of the Virus The spread of Covid-19 in Saudi Arabia continues rapidly as the country continues to record new cases of the virus daily. While it is […]
The UAE and US Governments Meet to Discuss the Strengthening of Military Ties : The UAE and US Governments Meet to Discuss the Strengthening of Military Ties Rear Admiral Sheikh Saeed bin Hamdan, commander of the UAE Naval forces, and Vice Admiral Brad Cooper, Central commander of the US Naval forces, recently had a rendezvous to discuss […]
Tons of Relief Supplies Flood Pakistan as UAE President Gives Orders for Humanitarian Aid : Tons of Relief Supplies Flood Pakistan as UAE President Gives Orders for Humanitarian Aid Sheikh Mohamed bin Zayed Al Nahyan, the UAE President, issued directives for delivering relief supplies to Pakistan on the 27th of August, 2022. These supplies are […]
