English Premier League Mohammad bin Salman Newcastle United Op-ed saudi arabia Soccer Sports News 

Newcastle United Fans Don’t Care Where Investment Comes From, and Why Should They?

Saudi Arabia’s sovereign wealth fund is planning a $440 million takeover of English Premier League club Newcastle United. Amnesty International has described the move as “sportswashing.” In a recent poll, 80 percent of Newcastle fans don’t care about the Saudi’s track record of human rights violations. It seems Newcastle United fans may finally get their wish. Current owner Mike Ashley may soon be a distant memory. Such is the hatred and resentment towards Ashley that those same fans are seemingly willing to overlook any issues there may be with the…

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Aramco Dow Jones Market News saudi arabia 

Dow Futures Plunge After Drone Attack Shocks Oil Market – CCN.com

Dow futures plunged nearly 150 points after a drone attack on Saudi oil infrastructure shocked the global energy market. | Source: AP Photo / Richard Drew Dow futures pointed to heavy losses at Monday’s opening bell after a devastating drone attack on Saudi oil production infrastructure shocked the global energy market. Dow Futures Dive Nearly 150 Points US stock futures careened lower when trading opened on Sunday night. Dow Jones Industrial Average futures fell 134 points or 0.49%, implying losses of 138.52 points in the DJIA. Dow futures pointed to…

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Donald Trump Op-ed saudi arabia U.S. Market News 

Trump Triggers Diplomacy for Secretive ‘Nuclear Alliance’ with Saudi Arabia

A document first witnessed by Reuters claims that U.S. companies have been given the go-ahead to sell nuclear power assistance and technology to Saudi Arabia. The U.S. has been in direct competition with countries like South Korea and Russia regarding a deal to sell and share information to and with the Saudi government. It seems like President Trump and his administration have taken one step closer towards securing that deal. Selling approval came by way of U.S. Energy secretary Rick Perry through what’s known as the Part 810 authorizations, which…

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saudi arabia UAE 

UAE, Saudi Arabia Launch Cryptocurrency Pilot for Cross-Border Payments

Image: Shutterstock By CCN.com: UAE and Saudi Arabia — two countries that have the world’s second-largest combined sovereign wealth funds — have launched their pilot cryptocurrency. According to UAE’s official news agency, Emirates News Agency, the Saudi-Emirati cryptocurrency is one of the seven initiatives that will be implemented in both countries. Saudi-Emirati Cryptocurrency Restricted to Banks Only Formed in 2016, the Executive Committee of the Saudi-Emirati Coordination Council met for the first time in UAE on January 19. The Council announced that the new cryptocurrency will be used for cross border payments…

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dubai Kuwait MENA ripple Ripple News ripplenet saudi arabia 

Kuwait Central Bank Taps Ripple for Blockchain Remittance Service

The National Bank of Kuwait has launched a product they’re calling “NBK Direct Remit,” a blockchain-based product which uses RippleNet for cross-border payments from within the Middle Eastern nation. The initial launch of the product only supports payments to nearby Jordan, but they intend to launch in at least 15 more countries soon. According to the bank’s website, this product will help preserve NBK’s dominance as the country’s primary way of moving money: Focused on digital transformation, NBK has previously launched successful and innovative products that serve different segments, including…

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