Wednesday , January 16 2019
Home / Middle East

Middle East

National Bank of Kuwait Taps Ripple for New Remittance Service

National Bank of Kuwait Taps Ripple for New Remittance Service National Bank of Kuwait (NBK) has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers. The bank announced Thursday that it has launched a new remittance service, dubbed NBK Direct Remit, that enables “immediate” blockchain-based payments using Ripple technology. The …

Read More »

Facebook is not equipped to stop the spread of authoritarianism – TechCrunch

Facebook is not equipped to stop the spread of authoritarianism – TechCrunch After the driver of a speeding bus ran over and killed two college students in Dhaka in July, student protesters took to the streets. They forced the ordinarily disorganized local traffic to drive in strict lanes and stopped …

Read More »

Netflix rival Iflix offloads its Africa business to focus on Asia – TechCrunch

Netflix rival Iflix offloads its Africa business to focus on Asia – TechCrunch Iflix, the emerging market Netflix competitor that’s backed by Sky, is leaving Africa to double down on its business in Asia. The Malaysia-based company announced today it has sold the remaining shares in its Africa business — Kwesé …

Read More »

Netflix rival Iflix launches $5M search for up-and-coming filmmakers in Asia – TechCrunch

Netflix rival Iflix launches $5M search for up-and-coming filmmakers in Asia – TechCrunch Netflix is increasing its efforts in Asia after it commissioned more local content and began testing more aggressive price points, but one local rival is hitting back with a program to spotlight promising creators in the region. Malaysia-headquartered Iflix, …

Read More »

SoftBank to wait on Khashoggi murder investigation before deciding on second Vision Fund – TechCrunch

SoftBank to wait on Khashoggi murder investigation before deciding on second Vision Fund – TechCrunch SoftBank CEO Masayoshi Son says the company won’t walk away from its existing commitment with the Saudi Arabian royal family — the largest LP in its $100 billion Vision Fund — but the firm will …

Read More »

Vishal Makhijani steps down as chief executive of Udacity – TechCrunch

Vishal Makhijani steps down as chief executive of Udacity – TechCrunch Vishal Makhijani, the long time chief executive of online education company Udacity, is stepping down as its chief executive officer, TechCrunch has learned. Makhijani first joined the company in 2013 as chief operating officer under Sebastian Thrun, the company’s …

Read More »

SoftBank CEO pulls out of speaking at Saudi investment conference – TechCrunch

SoftBank CEO pulls out of speaking at Saudi investment conference – TechCrunch SoftBank Group has become the latest high profile technology business to drop out of an investment conference in Saudi Arabia following the snowballing global outcry over the killing of journalist, Jamal Khashoggi. The Wall Street Journal reports the last minute …

Read More »

Saudi ally calls for Uber boycott over response to Khashoggi’s vanishing – TechCrunch

Saudi ally calls for Uber boycott over response to Khashoggi’s vanishing – TechCrunch Uber is facing calls for a boycott of its app in the Persian Gulf, a region that has poured billions of dollars of investment into the company’s ride-hailing business in recent years: Directly via Saudi Arabia’s Public Investment …

Read More »

Middle East’s First Central Bank-Backed Crypto Exchange to Launch in 2019

Middle East’s First Central Bank-Backed Crypto Exchange to Launch in 2019 Two blockchain veterans are gearing up to launch what could be the first cryptocurrency exchange in the Persian Gulf to be licensed by a central bank. Revealed exclusively to CoinDesk, Rain Financial has opened its public waiting list after …

Read More »