Tag: saudi arabia

December 30, 2021 BY Steffy Bogdanova

BNY Mellon expands partnership with SNB Capital in Saudi Arabia

Akash Shah, Chief Growth Officer of BNY Mellon, said: As capital markets shift towards a digital future, we are delighted to further our alliance with SNB Capital by providing a future-ready data analytics solution to help build the leading global capital markets infrastructure in the Kingdom and drive growth. Our collaboration combines the strengths of…

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CMA publishes instructions on Issuing Depositary Receipts out of the Kingdom
March 12, 2019 BY Mariela Naydenova

Blockchain to be used in oil quality checks in Saudi Arabia

Blockchain is breaking new barriers, it seems. Saudi Arabia is now testing a blockchain pilot project for the testing of oil quality. The idea is to "track" the oil and gas industry. The announcement comes from Aramco's CTO, Mr. Ahmad Khowaiter. According to Sputnik News, Khowaiter expressed his positive outlook on the project: There are a…

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January 29, 2019 BY Mariela Naydenova

Aber - UAE and Saudi Arabia's new cryptocurrency

A new major cryptocurrency is going to go live, after it was made public that the Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) are partnering on the project "Aber". Aber is a cryptocurrency project launched by the two entities to facilitate financial transactions between the two countries through the technology…

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March 29, 2018 BY Valentina Kirilova

FTSE Russell promotes Saudi Arabia to Emerging market status

FTSE Russell, the global index, data and analytics provider, informed that it has confirmed that Saudi Arabia will be promoted to Secondary Emerging market status following the March 2018 interim country classification review. FTSE Russell formally reviews country classifications within its FTSE Global Equity Index Series (FTSE GEIS) using a comprehensive, transparent and consistent methodology.…

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oil prices saudi purge
November 08, 2017 BY LeapRate Staff

Oil surges to two year high after Saudi purge

The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at CFI Markets Ltd. Saudi Arabia has initiated a broad anti-corruption purge which included dozens of ministers and prominent businessmen in the country, in a call for combating corruption. Prince Alwaleed bin Talal, one of the world’s richest men, as reported…

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May 30, 2016 BY LeapRate Staff

Saudi Arabia banks investigated for currency peg speculation products

Numerous news sources including FT.com and Gulf News are reporting that Saudi Arabia's government is investigating several of the country's banks, for creating structured products which allow traders to speculate on the possible end of the currency's US Dollar peg. Several leading international hedge funds, including Bill Ackman's Pershing Square Capital and PointState Capital are reported to…

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April 08, 2016 BY LeapRate Staff

Fallout of the ‘Falling’ Crude Price for Saudi Arabia

The following guest post is courtesy of HiWayFX. [divide] With more than 25% of the global proven oil reserves and more than 255 trillion cubic feet of gas reserves; Saudi Arabia reported to generate more than 85% of the country’s export revenues from this hydrocarbon wealth for the fiscal year 2013. However in the present…

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