Cryptocurrency

Saudi courts ensure $3.4 bln payment based on foreign rulings

Saudi enforcement courts have announced the recovery of more than $3.4 billion (around 13 billion Saudi riyals) after enforcing a…

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Turkey lira hits new historic lows after Fitch warning

Turkey’s embattled currency, the lira, hit new historic lows against the US dollar after Fitch ratings agency expressed concerns over…

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Life-changing $250,000 Thimaar prize won by Bahraini family

MANAMA – Ithmaar Bank, a Bahrain-based Islamic retail bank, presented $250,000, the first Thimaar grand prize for the year 2018,…

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S.Korea’s LG Group chairman dies from illness at 73

The chairman of South Korea’s LG Group, Koo Bon-moo, instrumental in transforming the country’s fourth-largest conglomerate into a global brand,…

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Safer than Bitcoin? New digital currency to be launched by Saudi, UAE

The Saudi Arabian Monetary Authority (SAMA) has selected a consultant to work with the central banks of Saudi Arabia and…

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Egypt says seeks to raise $1 bln by selling stakes in four-six state firms

Egypt is seeking to float shares in four to six state-owned companies this year to raise up to 18 billion…

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Panasonic urges to ‘Bring Quality Home’ this Ramadan

COOKING up sumptuous suhoors and celebratory iftar feasts shouldn’t involve a lot of time or stress. Thanks to Panasonic, every…

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Total set to develop natural gas resources in Oman

French energy group Total said it had signed a memorandum of understanding with the government of Oman to develop natural…

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Debt-laden Air India is up for grabs but potential bidders blow hot and cold

The Indian government’s ambitious plan to privatize debt-laden Air India has run into rough weather with no takers in sight.…

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Creating a platform for a brighter economic future

ALKHABEER CAPITAL, the Jeddah-based asset manager specializing in alternative investments, released a report titled ‘Saudi Arabia: Thinking Out of the…

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