Google won't remove a Saudi app that lets men track women

Absher, an app designed by the Saudi government, allows men to track women and deny them permission to travel. After investigating the app, Google told a Congresswoman that Absher does not violate its terms and conditions. The app is currently available on both Apple and Google’s app stores despite a call from U.S. politicians for…

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Saudi finance minister defends reforms and touts country's 'significant reserves'

The central bank’s foreign reserves rose in December for a third consecutive month, official data showed last month. This was seen as a sign that higher oil prices may be finally easing the pressure on the government’s finances. Saudi Finance Minister Mohammed Al-Jadaan said his country is already seeing the results of its sweeping reform…

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HitBTC User Rallying Support for Class-Action Suit

A reddit user by the name ‘pedxs’ has invited other users to join him in a class action lawsuit against cryptocurrency exchange HitBTC. He claims that the exchange has not been allowing him to withdraw his money, instead repeatedly requesting that he send personal information, purportedly to fulfil know-your-customer requirements. The sum involved is 6…

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Saudi Arabia, Argentina to be part of MSCI emerging markets index

Index provider MSCI said it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification in a move that could be supportive of their local equities. The inclusion comes amid anticipation over the listing of Aramco, the state-controlled Saudi energy giant, and hours after the IMF approved a $50 billion…

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Saudi Arabia Increases Focus on Blockchain Startups

Blockchain startups are of great interest to companies and governments alike. In Saudi Arabia, there’s a genuine effort underway to incorporate as many blockchain solutions as possible. The local government will continue on this mission, by the look of things. That is a positive development, as all of these partnerships play a big role in…

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Keep an eye on Saudi Arabia-Iran tensions: Fitch Ratings

Tension between Saudi Arabia and Iran was unlikely to result in a tangible hit, but remained a risk, Jan Friederich of Fitch Ratings said. Saudi Arabia was shifting slightly to focus on growth, Friederich also said. Heightened geopolitical tensions remain a risk for Saudi Arabia even though there is a low probability of revenues getting…

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