Cryptocurrency

Quebec wary of Bitcoin craze

At a former cocoa factory in Canada’s Quebec province, tiny holes punctured in the walls allow fresh outside air in…

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Egypt expects GDP growth for FY 2017/18 at 5.2 percent

The International Monetary Fund (IMF) expects Egypt’s GDP growth to hit 5.2 percent in the current fiscal year that ends…

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Saudi cyber federation signs deal with Google to establish innovation hubs

The Saudi Cyber Security and Programming Federation has signed a final agreement with Google to set up a Google Innovation…

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Students of King Saud University hailed for energy-efficient engines

RIYADH — Prince Khalid Bin Sultan Al-Faisal, president of Saudi Arabian Motor Federation, honored the successful participation of the Mechanical…

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Caesars Entertainment to run its first non-gaming resorts in Dubai

Caesars Entertainment Corp announced plans to manage two luxury hotels and a beach club in Dubai, the casino operator’s first…

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Huawei market share hits 20.9% in KSA; expected to reach 50% in few months

Saudi Gazette JEDDAH — Huawei’s market share of smartphones has reached 20.9% in the Saudi market by the end of…

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Bitcoin declared halal by Indonesian Islamic scholar

A recent study conducted by an Islamic scholar at Blossom Finance in Indonesia has claimed that the Bitcoin cryptocurrency is…

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Corporate transformations vital to drive radical change in Middle East’s economy

KAEC — The “Top CEO Conference and Awards” and the “Arab Women Forum” have drawn a successful conclusion at the…

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Turkish lira weakens to record lows, bond yields rise

Turkey’s lira sank to fresh record lows against the dollar and euro on Wednesday as investor concerns deepened about the…

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Qatar withdraws $20 billion in foreign deposits to support its banks

The latest report on Qatar’s bonds showed that Qatar Investment Authority (QIA) had brought $20 billion from abroad to support…

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