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# Saudi Arabia News

Indian commercial bank IndusInd has tied up with Saudi Arabian British Bank (SABB) through their partnership with Ripple. The payment remittance corridor between the two countries is powered through xRapid and xCurrent, as both banks adopted both networks, as revealed by Ripple, May 20, 2019. Further Headway in India After...
Hellenic Shipping News reported May 20, 2019 that Saudi Customs successfully departed the first shipment that is powered by blockchain technology. It is headed to Rotterdam, Netherlands. Other Ports of Saudi Arabia May Soon See a Blockchain System For the very first time in 2018, a container was processed over...
During the first edition of the Financial Sector Conference, a part of the Financial Sector Development Program, held in Riyadh, Saudi Arabia, on 24th & 25th April, Saudi British Bank announced the launch of its Ripple-powered payment services for instant cross-border payments. Strategic Plan to Render Best Banking Services In...
February 25, 2019 by at Blockchain, Business, Finance, News
A pilot for a money market security was recently completed between Commerzbank, Siemens, and Continental which reduces the time take for the clearing of funds. This according to a press release, February 21, 2019, A Good First Run Blockchain was recently utilized to conduct a money market security transaction pilot....
January 31, 2019 by at Adoption, Business, News, Regulation
The UAE and Saudi Arabian governments have revealed Aber, their joint Cryptocurrency which will soon begin its trial run in a number of selected banks in both countries. The announcement was published by Saudi Arabian Monetary Authority, January 29, 2019. Introducing 'Aber' A January 29, 2019, statement has shed some more...
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