Saudi Arabia’s Crown Prince Mohammed bin Salman told a top aide in 2017 that he would use “a bullet” on Saudi journalist Jamal Khashoggi, according to a New York Times report citing US and foreign officials with direct knowledge of intelligence reports. The conversation — with aide Turki Aldakhil — occurred in September 2017, just […]

ABU DHABI  – Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly return to balance, but oil producers are willing to do more if needed. “If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on […]

Customs authorities in Saudi Arabia have concluded a pilot scheme linking its cross-border trade platform FASAH with IBM and Maersk’s TradeLens blockchain platform. A press release from Dec. 26 reported the pilot’s conclusion. TradeLens, which IBM and Maersk created in August last year, is intended to be a basis for digital supply chains and launched with almost 100 entities willing to take part in the pilot. For […]

It’s confirmed. The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency. The exact date when it would be issued is still unknown but we know one thing, the digital currency is not targeted at consumers. It’s strictly for banks. Arabian news outlet Gulf News reports that the central bank of the UAE, […]

Saudi Arabian developmental institution the Islamic Development Bank Group (IsDB) has partnered with a Tunisian startup to develop interbank blockchain tools, a press release confirmed Nov. 29. IsDB, which will conduct the project through its private sector subsidiary, the Islamic Corporation for the Development of Private Sector (ICD), wants to improve Islamic financial institutions’ liquidity management and increase overall efficiency. The institution […]

“These funds are important to the Saudi people in ensuring their economy diversifies and is no longer dependent on oil,” said Son. Masayoshi Son, the billionaire founder and chief executive officer of Japan’s SoftBank, said Monday he is not turning his back on investments with Saudi Arabia, despite the murder of Washington Post journalist Jamal […]

Turkey has given its first official statement on how it believes writer Jamal Khashoggi was killed, saying he was immediately strangled. The statement follows weeks of media reports about the murder at the Saudi consulate in Istanbul on 2 October. Turkey has yet to provide evidence. Chief prosecutor Irfan Fidan said a meeting with his […]

The killing of journalist Jamal Khashoggi was planned days in advance, Turkish President Recep Tayyip Erdogan has told MPs from his ruling party. He said Turkey had strong evidence Khashoggi was killed in a premeditated and “savage” murder at the Saudi consulate in Istanbul on 2 October. He also called for the suspects to be […]

Turkey has vowed to reveal all details about the killing of journalist Jamal Khashoggi, after Saudi Arabia admitted for the first time he had been killed in its consulate in Istanbul. “Turkey will never allow a cover-up,” a ruling party spokesperson said. Saudi Arabia suggested on Friday Mr Khashoggi, a prominent Saudi critic, had died […]

Secretary of Treasury Steven Mnuchin later said that after meeting with Trump and Pompeo Thursday morning, he would not be attending the Future Investment Initiative summit in Saudi Arabia as initially planned. WASHINGTON — Secretary of State Mike Pompeo said on Thursday after meeting with President Trump at the White House that the U.S. will […]