Saudi Arabia

Somnia Playground Launched Empowering Creators with Customizable Metaverse Development

Saudi Arabia Unveils Groundbreaking ‘Cultural Universe’ Metaverse in Collaboration with droppGroup and Oracle

In a historic partnership, droppGroup, Oracle, and the Saudi Ministry of Culture are pleased to announce the opening of the Cultural Universe, the first government-run national Metaverse project in history. It is powered by droppGroup’s droppPhygital Generative Media Intelligence (GMI) AI system and Oracle’s Hyperledger Fabric 2.5 blockchain technology. In

February 26, 2024 2 mins read

Saudi Arabia Declares it Open to Trade with Other Currencies

The kingdom of Saudi Arabia, whose currency has been pegged to the dollar, seeks to strengthen its ties with prominent trading partners such as China. Finance Minister Mohammed Al-Jadaan announced that the country is open to talking about trading in currencies other than the US dollar. Saudi Arabia Seeks to

January 18, 2023 1 min read

Global AI Summit 2022 Kick-Starts Today at Riyadh

SDAIA is anticipating over 10K participants including significant figures in the AI field. The summit will be happening in the King Abdul Aziz International Conference Center. Global AI Summit 2022, is kicking off today in Saudi Arabia. The summit is a 3 days (Sept 13th to Sept 15th) long event

September 13, 2022 2 mins read

Saudi Arabia Appoints New Crypto Chief to Advance Its Digital Goals

The Kingdom’s virtual assets programme will be overseen by Mohsen AlZahrani. Riyadh banned banks from conducting cryptocurrency transactions in 2018. In a sign of the Gulf nation’s prospective interest in cryptocurrencies, Saudi Arabia’s banking regulator recently named Mohsen AlZahrani to head its virtual assets and central bank digital currency initiative.

September 5, 2022 1 min read

ReiGroup - A KYC Assured Project, Will it Connect DeFi, NFTs, Real Estate?

Saudi Arabia To Invest $6.4 Billions in Technology Including Blockchain and Metaverse

In all, the kingdom plans to spend about $6.4 billion. The NEOM Tech & Digital Company, named after the futuristic Saudi Arabian metropolis of the same name, received a $1 billion investment as part of this deal. According to the official Saudi Press Agency, the corporation intends to develop its

February 2, 2022 1 min read

Saudi Aramco Denies Existing Bitcoin Mining Gossips

The leading oil explorer in Saudi Arabia recently claimed false and inappropriate gossip about the firm. The oil company, Saudi Aramco denies the rumors about the firm being involved in the minting of digital currency Bitcoin. The oil giant in Saudi reports the denial of the rising news that the

August 3, 2021 2 mins read