Friday , 23 February 2018

Technology

Ripple effect: Saudi’s crypto experiment can save hundreds of millions, says Moody’s

By: Staff Writer, ZAWYA Saudi Arabia could save itself hundreds of millions of dollars in foreign currency exchange fees if its pilot programme to use blockchain for cross-border payments is rolled out, according to credit ratings agency Moody’s. In a note published on Monday evening, Moody’s said that an agreement last Wednesday between United States-based financial technology (fintech) company Ripple …

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UAE Ministry of Finance counts down to Finovate Middle East

More than 400 leaders in the fintech industry will gather in Dubai this month. DUBAI- More than 400 leaders in the fintech industry will gather in Dubai this month to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets. Held in partnership with the UAE Ministry of Finance, MoF, and showcasing the latest …

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CEO of Dubai’s BitOasis exchange says UAE’s crypto concerns are “positive”

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture. The CEO and co-founder of Dubai’s popular cryptocurrency exchange BitOasis, Ola Doudin, has said that Sunday’s statement by the United Arab …

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KhalifaSat: Dubai ruler inspects first UAE-made satellite

Emirati engineers are the first in the Arab world to construct a satellite without foreign assistance The ruler of Dubai, Sheikh Mohammed Bin Rashid Al Maktoum, walks toward the United Arab Emirates stable during a veterinary check at the equestrian endurance competition at the 15th Asian Games in the desert outside Doha December 14, 2006. The ruler of Dubai, Sheikh …

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JinkoSolar & Marubeni 1177 MW Sweihan Project Wins MESIA Large Scale Solar Project Award

JinkoSolar Holding Co., Ltd. (NYSE: JKS) (the “Company,” or “JinkoSolar”), a global leader in the solar PV industry, today announced that its world record breaking 1177 MW Sweihan project, co-developed by JinkoSolar, Marubeni, and the Abu Dhabi Electricity and Water Authority (“ADEWA”), was named as the Large Scale Solar Project of the Year by the Middle East Solar Industry Association …

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Google offers Aramco unlikely route to IPO heaven

Partnership with Google may provoke some outside-the-box thinking Google found Russia-backed ads on YouTube, Gmail Has Saudi Aramco landed on a cunning plan to boost its future stock-market valuation? Certainly, the $2 trillion valuation desired by the kingdom’s crown prince in the oil producer’s forthcoming initial public offering is hard to square with reality. A new partnership with the owner …

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UAE stands to be a big winner from China’s $900bln Belt & Road plan – report

By: Michael Fahy, ZAWYA Ancient trade routes from China through central Asia by rail (Belt) and to Africa and beyond by sea. The United Arab Emirates has been ranked as third in a global index of nations that stand to benefit most from China’s Belt and Road Initiative, according to a new report released on Tuesday by property consultancy Knight …

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UAE and Saudi Arabia forecast to be big markets for IT spending in 2018 – expert

IT spending in UAE expected to rise to $7.7bln this year Image for illustrative purposes. Saudi shoppers spent 4,000 riyals each online last year, according to the government’s Communications and Information Technology Commission. Yasmine Saleh, ZAWYA The United Arab Emirates and Saudi Arabia are forecast to be among the biggest markets for information technology (IT) spending in the Middle East …

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INTERVIEW: JadoPado founder planning cryptocurrency exchange launch

Omar Kassim backs away from blockchain-based real estate venture, citing lack of regional infrastructure Esanjo’s founder Omar Kassim. The new start- up leverages block chain technology to facilitate real estate transactions The founder of the JadoPado e-commerce platform has revealed plans to launch a cryptocurrency exchange. Omar Kassim, who sold JadoPado to regional e-commerce giant Noon last year, told Zawya …

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Six-fold hike: Saudi steps up renewable energy targets in 2018

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended reading to start your working day ACWA Power’s three Solar PV projects for 165.5MWp under Round 2 of Egypt FiT program II reach financial close By-Nada Al Rifai, ZAWYA Saudi Arabia has raised its target for renewable energy tenders to 4.125 Gigawatts (GW) in …

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