Search results for Saudi Arabia
Crypto
KB Kookmin Bank to launch import-export payments using JPMorgan Kinexys blockchain network
KB Kookmin Bank said on Saturday it will launch next month a corporate payment service for import and export firms using JPMorgan Kinexys\' blockchain-based payment network. The service follows a memorandum of understanding on blockchain remittances for cross-border payment innovation. The bank said it is the first time a South Korean financial company has used Kinexys for payments to import-export firms. The service will be available at domestic branches and its Singapore branch, initially supporting U.S. dollar remittances to 10 countries.
Crypto
Bitcoin stalls as oil surges, rate uncertainty fuels focus on FOMC
Bitcoin is trading around the $66,000 level as markets react to renewed Middle East tensions and focus on the U.S. Federal Open Market Committee meeting on July 29. A rebound in oil prices has revived inflation worries and weighed on risk assets. Technical levels show resistance near $67,000 and around $70,000, while ETF flows have yet to show a clear recovery. Markets largely expect rates to be held.
Industry
Samsung Electronics to supply 1,000 ceiling air conditioners to 100 mosques in Saudi Arabia
Samsung Electronics will supply about 1,000 ceiling-type system air conditioners to around 100 mosques in eight major cities in Saudi Arabia, including Riyadh, it said on Saturday. The company will provide its 360 Cassette model and plans to expand cooperation after signing an MOU in June with local partner Ghoroos Charity. Samsung said its Middle East B2B business is also extending to transport and education facilities.
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AI & Enterprise
Baek Kyung-hoon discusses AI, digital cooperation with Saudi Arabia
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AI & Enterprise
Yurak targets India market with AI forensics, secures proof-of-concept project
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Crypto
Oil prices ease but gasoline inflation lingers; July U.S. CPI seen as turning point for bitcoin
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Industry
Solum wins Saudi EV charger manufacturing incentive approval, first for Korean company
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World News
Five largest IPOs revisited as SpaceX plans listing
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AI & Enterprise
Governments stockpile Nvidia chips as sovereign AI emerges as new growth driver
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Industry
Trump says no alternative to coal as White House plans $700 million to revive industry
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AI & Enterprise
MSIT says it has laid groundwork for South Korea to become a top 3 AI power
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Industry
Semiconductors, defense, shipbuilding and power equipment to drive South Korean exports in second half
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Crypto
Bitcoin rebounds on Trump\'s tease of Iran deal announcement
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AI & Enterprise
MegazoneCloud selected as lead operator for Korea\'s AI semiconductor overseas demonstration support project
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Telecommunications & Media
DLive TV to distribute local content to 20 countries via Prime Video
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Industry
Baron Capital to place $1 billion order in SpaceX IPO
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Games & Commerce
Meta tests Grok-like AI replies on Threads posts
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Mobility
Kakao Mobility steps up robot platform business, targets integrated operations for different robots