Saudi Regulators Warn Against Trading Cryptocurrencies, Citing ‘High Market Risks’
August 14, 2018

A governmental committee of the Kingdom of Saudi Arabia has warned the public that trading digital currencies is illegal in the country, according to an Aug. 12 announcement by the Saudi Arabian Monetary Authority (SAMA). The warning was issued by"...

Why Saudi Arabia Cut July Oil Production
August 14, 2018

Despite its pledge to boost crude oil supply to offset supply disruptions, Saudi Arabia’s oil production in July slipped by 52,800 bpd from June to average 10.387 million bpd last month, according to the secondary sources in OPEC’s closely watched Monthly Oil Market Report published on Monday.

The"...

Cryptocurrency Trading Is Strictly Prohibited In Saudi Arabia, Regulators Reaffirm Stance Against Virtual Currencies
August 14, 2018

Saudi Arabia’s regulatory authorities recently issued a warning stating that cryptocurrency trading is considered illegal in the country.

The Saudi Arabian Standing Committee, which monitors securities activities in the kingdom’s foreign"...

Elon Musk says Tesla's private buyout could be funded by Saudi Arabia
August 14, 2018

Tesla CEO and co-founder Elon Musk recently announced on Twitter that he planned to take the company private. This announcement came as a surprise to many and served as yet another example of the billionaire's unorthodox approach to business management.

Indeed,"...