The central banks of the UAE and Saudi Arabia have initiated a joint project to develop a digital currency. This initiative seeks to enhance cross-border financial transactions between the two nations, leveraging blockchain technology to improve efficiency and security.
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At the LEAP 2025 Tech Conference, Saudi Arabia announced new technology investments totaling $14.9 billion. These investments focus on artificial intelligence, cloud computing, and digital infrastructure, aligning with the Kingdom’s Vision 2030 to position itself as a global tech hub. Source: Middle East Updates
Saudi Arabia Secures $14.9 Billion in Tech Investments Read More »
Saudi Arabia’s top banks have reported record net profits, driven by strong lending growth and increased participation in debt markets. This financial performance reflects the Kingdom’s ongoing economic diversification efforts under Vision 2030. Source: Arab News
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The World Bank forecasts that the UAE’s real GDP will grow by 3.8% in 2025. This growth is attributed to robust non-oil sector activities and strategic investments in various sectors, including tourism and digital infrastructure. Source: Gulf News
UAE’s Economy Projected to Grow by 3.8% in 2025 Read More »
The central banks of the UAE and Saudi Arabia have initiated a joint project to develop a digital currency. This initiative seeks to enhance cross-border financial transactions between the two nations, leveraging blockchain technology to improve efficiency and security. Source: Gulf News
UAE and Saudi Arabia Collaborate on Digital Currency Read More »
Pakistan is considering the adoption of cryptocurrency as a key component in its financial strategy. An adviser to the government indicated that this move aims to initiate a digital financial transformation, potentially integrating blockchain technology into the nation’s economic framework. Source: Arab News
Pakistan Eyes Cryptocurrency as Strategic Asset Read More »