Tag: UAE

The UAE’s Sustainable City Inches Closer Toward Completion

A lot of interesting things are happening in the United Arab Emirates as we speak. Perhaps the biggest project to date is a completely new city which is home to driverless cars, greenhouses, and villas powered by solar energy. The current cost of building this new city comes to $354 million, although that number may increase in the future. This radical venture has already attracted a lot of positive attention. A …
[Read More]

UAE and Saudi Arabia Collaborate on Central Bank Digital Currency Research

We have seen several central banks contemplate issuing their own digital currencies. So far, none of these projects have actually come to fruition. A new partnership between the UAE and Saudi Arabia’s central banks may change all that in the near future. Both entities are working on their own digital currency and blockchain-based system. Another Bank-issued Digital Currency Project Central banks have opposed Bitcoin and other cryptocurrencies for several years now. …
[Read More]