Cryptocurrency

iPic, BAS Global agree to develop iPic theaters and restaurant in Saudi Arabia

RIYADH — iPic Entertainment (iPic), America’s premier luxury restaurant-and-theater brand, Sunday announced the signing of a Memorandum of Understanding to…

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Egypt expects budget deficit of 9.5-9.7 pct in 2017-18 fiscal year

Egypt is targeting a budget deficit of 9.5 to 9.7 percent of GDP for the 2017-18 fiscal year that ends…

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Japan punishes crypto exchanges after hack

The Japanese government is slapping penalties on several crypotocurrency exchanges in the country, after 58 billion yen ($530 million) of…

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Joint Saudi-UK forum hosts panel on 2030 plans from ‘vision to implementation’

On the sidelines of the historic visit to the UK by Saudi Crown Prince Mohammad bin Salman, a special forum…

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Trump economic adviser Cohn quits after dispute over tariffs

US President Donald Trump’s top economic adviser, Gary Cohn, said he was resigning, a decision that came after he lost…

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‘Vision 2030’ inspires young Saudis to join hospitality sector

JEDDAH — Saudi people are nowadays more interested in working in the tourism industry prompted by the government’s Vision 2030…

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Revealed: Bitcoin consumes more electricity than several Mideast countries

The electricity consumption of the Bitcoin cryptocurrency is bigger than that of Syria, Jordan, Yemen, Oman and Bahrain, a report…

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Iraqi parliament approves $88 bln budget, Kurdish lawmakers boycott vote

Iraq’s parliament approved a long-delayed budget on Saturday, the first since declaring victory over ISIS after three years of war,…

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Trump threatens ‘reciprocal taxes’ on trade partners

President Donald Trump said he plans to impose “reciprocal taxes” on imports to reduce the US trade deficit — a…

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Power plant in the pipeline

KING Abdullah Economic City (KAEC) has signed a contract with Metito Saudi Ltd (Metito) for the design and construction of…

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