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NVIDIA partners with Saudi Arabia to develop AI factories, enhancing the Kingdom's digital infrastructure and aligning with Vision 2030 for economic diversification. (Read More)
HUMAIN and NVIDIA partner to establish AI factories in Saudi Arabia, enhancing the nation's position as a global AI leader with advanced infrastructure and workforce transformation. (Read More)
BlackRock, the world's largest asset manager, is making strategic moves in the Kingdom of Saudi Arabia to expand its foothold in the Middle East.
The development bank set up by the BRICS bloc is negotiating with Saudi Arabia on accepting the country as a member, according to a press report. The talks come as the bank, created as an alternative to similar institutions led by the West, seeks to expand its funding options amid sanctions on one of its [...]
The post BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals appeared first on Crypto Breaking News.
Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would be a complete implosion of the global economic [...]
The post Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status appeared first on Crypto Breaking News.
Hong Kong Monetary Authority (HKMA) and Saudi Central Bank (SAMA) Forge Momentous Financial Collaboration with MoU. Following a Successful Partnership with UAE Central Bank, HKMA Aims for Enhanced Financial Services and Innovations The Saudi Central Bank (SAMA) and the Hong Kong Monetary Authority (HKMA) convened on July 26 for a bilateral meeting to enhance the […]
The Saudi Central Bank warned in 2019 that Bitcoin is “not recognized by legal entities” but hasn’t made many statements on crypto since.
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability,” the Kremlin press service details. [...]
The post Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration appeared first on Crypto Breaking News.
A University of Tehran professor and member of Iran’s Presidential Delegation to China has stressed the importance of de-dollarization for the international community. “The dollar has been used as a weapon by the U.S. against different countries. It is unreliable and it is dangerous,” the professor warned. Iranian Professor Stresses the Importance of De-Dollarization Professor [...]
The post Iranian Professor: Saudi Arabia May Join De-Dollarization Shift as US Dollar Is Now ‘Unreliable and Dangerous’ appeared first on Crypto Breaking News.
In a partnership ceremony at the LEAP 2023 conference in Saudi Arabia, the Sandbox entered into an MOU with the government of Saudi Arabia for future metaverse development.
SAMA is expanding its central bank digital currency study (CBDCs). Saudi Vision 2030 aims to diversify the economy, decrease oil dependency, and improve public services. (Read More)
Saudi Arabia’s central bank stressed that no decision has been made to launch a CBDC, but it will continue to research use cases.
Argentina's World Cup opener loss to Saudi Arabia hurt the FA Fan Token. ARG token was $7.21 before kickoff and $4.96 after. "The Saudis," a nonfungible token collection themed after Saudi Arabia, rose 52.6% to 0.3 ETH. Algorand is the first blockchain-based FIFA World Cup sponsor. CHZ has fallen 40% since FTX's insolvency news. (Read More)
Through the blockchain technology supported by the Contour platform, HSBC conducted a trade finance transaction between SAIC Motor and Taajeer Group. (Read More)
SDAIA is anticipating over 10K participants including significant figures in the AI field. The summit will be happening in the
The Kingdom’s virtual assets programme will be overseen by Mohsen AlZahrani. Riyadh banned banks from conducting cryptocurrency transactions in 2018.
YouGov's latest survey released on Monday indicates that digital banking has become increasingly popular in Saudi Arabia. According to the survey, nine out of ten respondents (91%) say that they pr...
The Saudi Arabian Digital Academy has partnered with the Bitcoin Satoshi Vision (BSV) Association to establish a new blockchain academy.
(Read More)
The BSV Association and SDA will collaborate in providing training and developing resources through the blockchain academy in Riyadh
The Saudi Arabian digital transaction management market revenue stood at $60.88 million in 2020, and it is predicted to rise to $1,288.27 million by 2030.
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