Cryptocurrencies could cause huge market crash warns Bank of England: Market Wrap

Cryptocurrencies could cause huge market crash warns Bank of England: Market Wrap

LONDON: The cryptocurrency dogecoin jumped more than 20 percent on Friday as Tesla began accepting it as payment for merchandise on its online store. “Tesla merchandise is purchasable with Dogecoin,” Tesla CEO Elon Musk tweeted, honoring a pledge he made in December 2021. The digital currency, which was originally created as a joke in 2013 … Read more

Goldman Sachs says Bitcoin will rival gold as store of value: Crypto Moves

Goldman Sachs says Bitcoin will rival gold as store of value: Crypto Moves

RIYADH: Bitcoin, the world’s leading cryptocurrency, was trading down on Thursday, dropping 8.42 percent to $42,874 at 1:58 pm Riyadh time. Ether, the second most traded cryptocurrency, was priced at $3,353, down 12.36 percent, according to data from Coindesk. Other news: Bitcoin will take market share from gold in 2022 as digital assets become more … Read more

Saudi largest medical group moves to Tabuk as region gets boost from NEOM, TRSDC

Saudi largest medical group moves to Tabuk as region gets boost from NEOM, TRSDC

Saudi stocks open higher amid preparations for the Future of Metals Forum: the opening bell RIYADH: The Saudi Stock Exchange opened the trading week higher as investors await the launch of the Kingdom’s Future of Metals Forum later this week. As of 10:15 am Saudi time, the main index “Tadawul” rose 0.5 percent to 11,487 … Read more

Dubai ranked as the busiest international airport in December by Official Airline Guide

Dubai ranked as the busiest international airport in December by Official Airline Guide

RIYADH: 2021 was a record year for cryptocurrencies, with the cryptocurrency market cap briefly reaching $3 trillion (SAR 11.3 trillion) in November. Bitcoin, the largest cryptocurrency by market capitalization and the second largest cryptocurrency, ether, also hit all-time highs. While altcoins and meme-inspired Dogecoin are gaining traction. Other digital assets, such as non-fungible tokens, or … Read more

Oil price rises as Kazakhstan turmoil adds to supply concerns

Oil price rises as Kazakhstan turmoil adds to supply concerns

The unprecedented growth of Saudi Arabia is set to cement its position as a leader in mergers and acquisitions in 2022. RIYADH: Saudi Arabia has become one of the most attractive markets for global companies seeking new mergers and acquisitions, and is set to maintain its position in 2022. The country’s growth was 6.8 percent … Read more

New privatization rules signed off in Saudi Arabia to encourage investors

New privatization rules signed off in Saudi Arabia to encourage investors

The unprecedented growth of Saudi Arabia is set to cement its position as a leader in mergers and acquisitions in 2022. RIYADH: Saudi Arabia has become one of the most attractive markets for global companies seeking new mergers and acquisitions, and is set to maintain its position in 2022. The country’s growth was 6.8 percent … Read more

Kazakhstan update: Oil market ‘jitters’ after unrest in central Asian country

Kazakhstan update: Oil market ‘jitters’ after unrest in central Asian country

The unprecedented growth of Saudi Arabia is set to cement its position as a leader in mergers and acquisitions in 2022. RIYADH: Saudi Arabia has become one of the most attractive markets for global companies seeking new mergers and acquisitions, and is set to maintain its position in 2022. The country’s growth was 6.8 percent … Read more

Riyadh futures minerals forum to unearth potential of Saudi mining industry

Riyadh futures minerals forum to unearth potential of Saudi mining industry

The unprecedented growth of Saudi Arabia is set to cement its position as a leader in mergers and acquisitions in 2022. RIYADH: Saudi Arabia has become one of the most attractive markets for global companies seeking new mergers and acquisitions, and is set to maintain its position in 2022. The country’s growth was 6.8 percent … Read more