Saudi Central Bank will Test Ripple Payments Technology

Ripple has struck a deal with Saudi Arabia's central bank on a pilot program that will see banks in the country test the company's technology, according to reports.

Saudi Arabia

News, analysis, and more

Saudi Aramco IPO

Russian fund builds investors pool for Saudi Aramco IPO

The Russian Direct Investment Fund (RDIF) has pledged to set up a “significant” pool of investors for the potential $100 billion initial public offering (IPO) ...


Qatar Dispute

Corker lifts hold on arms sales to Gulf nations in Qatar row

The powerful Senate Foreign Relations Committee chairman is lifting his eight-month hold on U.S. arms sales to Gulf Cooperation Council member states, which he levied ...



Kuwaiti Company Is Latest Entrant in Saudi Arabia Theater Derby

Days after London-based Vue International said they were planning to build up to 30 multiplexes in Saudi Arabia, the Kuwait National Cinema Company (KNCC) and ...



Saudi Arabia’s central bank signs blockchain deal with Ripple

Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software, as Gulf regulators ...


Saudi Economy

Non-hydrocarbon sector seen to lead Saudi growth in 2018

Following a year of major economic and social reforms, JLL highlighted how new investment opportunities in Saudi Arabia are paving the way for positive economic ...



Valentine is not ‘haram’, says ex-Saudi religious police boss

Celebrating Valentine’s Day is no different from Mother’s Day and is therefore not un-Islamic, the former president for the Commission for the Promotion of Virtue ...


Renewable Energy

Saudi Arabia’s Energy Remix

The Saudi market’s size alone demands the attention of the global renewable energy sector. Paddy Padmanathan, Chief Executive of ACWA Power, believes that once Saudi ...


Entertainment Investing

Ari Emanuel’s Endeavor Close to Investment by Saudi Arabia’s Crown Prince

The investment would represent a minority share in the company, which comprises the WME talent agency, the sports franchise Ultimate Fighting Championship and the fashion ...


Schools Closed

Schools in parts of Saudi Arabia remain closed for 4th day due to bad weather

Schools in parts of Saudi Arabia will be closed Thursday, for the fourth straight day, to maintain the safety of students due to bad weather. ...


Al-Ahsa Oasis

This Place In Saudi Arabia Houses The Largest Oasis In The World

According to the Guinness World Records, Al Ahsa Oasis is the largest self-contained oasis in the world. ...


Saudi Students

Man found in Colorado creek identified as student from Saudi Arabia

The Boulder County coroner has identified the man pulled from Boulder Creek as a University of Colorado student from Saudi Arabia. ...


Speed Limit

Saudi Arabia to increase speed limits on key highways

The speed limit of some highways in Saudi Arabia will be increased to 140 kph from 120 kph within the next few weeks. ...


Saudi +

Regional and related topics


Pakistan slipping out of US influence, say intelligence agencies

Seventeen US intelligence agencies have warned Congress that Pakistan will continue to slip out of America’s influence and into China’s orbit in 2019, and will ...



After the Protests, Iranian Anger Still Simmers

The demonstrations that convulsed more than 100 cities and towns in Iran back in December and January have largely subsided, but that doesn’t mean the ...



Yemen’s Cratered Economy: Glimmers of Hope?

The crisis cannot be resolved through humanitarian aid alone. Any improvement in the humanitarian environment will require an intervention in Yemen’s macroeconomy, particularly its banking ...



Jordan’s economic crisis threatens political stability

Jordan's debt has now reached $40bn and its debt-to-gross-domestic-product ratio has reached a record 95 percent, up from 71 percent in 2011. ...



Coalition ramps down air support in Iraq, shifts to training

Currently, Iraqi F-16 pilots are trained in the U.S. and the maintenance and security of Iraq’s F-16s is largely carried out by American contractors. ...



Taliban Letter Addresses ‘American People,’ Urges Talks

In a letter, the Taliban has urged the "American people" to press their government to withdraw from Afghanistan, reminding them that the Afghan war is ...



Commentary: Handling Turkey’s Erdogan: What Washington can learn from Russia

Yet Russia, which has undermined Turkish security in all possible aspects — economic, political, and military — over the last few years, has received a ...



The road to ending poverty runs through 31 severely off track countries

The 31 severely off track countries are Afghanistan; Angola; Benin; Burundi; Central African Republic; Chad; Democratic Republic of Congo; Equatorial Guinea; Eritrea; Gambia; Guinea-Bissau; Lesotho; ...



US expected to name former Cheney aide as Syria envoy

The Donald Trump administration is expected to name John Hannah as the next US Syria envoy, as it seeks to reinvigorate the UN-led Geneva negotiations ...


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