Saudi Arabia, US Discuss Supporting Growth of Digital Economy in the Region

The Saudi Minister of Communications and Information  met in Washington with the US Secretary of Commerce. SPA
The Saudi Minister of Communications and Information met in Washington with the US Secretary of Commerce. SPA
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Saudi Arabia, US Discuss Supporting Growth of Digital Economy in the Region

The Saudi Minister of Communications and Information  met in Washington with the US Secretary of Commerce. SPA
The Saudi Minister of Communications and Information met in Washington with the US Secretary of Commerce. SPA

Saudi Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Sawah has met in Washington with the US Secretary of Commerce, Gina Raimondo.

Friday’s meeting was attended by Princess Reema bint Bandar bin Sultan bin Abdulaziz, the Saudi Ambassador to the US.

During the meeting, the two sides discussed strengthening the strategic partnership between the Kingdom and the US to support the growth of the digital economy in the region, as Saudi Arabia is a pivotal hub for technology and innovation.

They also discussed the acceleration of the growth of modern technologies to serve scientific and technical progress in various sectors, highlighting the expanding investment opportunities in the digital economy between the two countries.

Al-Sawah also held separate talks with White House officials.

Al-Sawah met with deputy national security advisor for cyber and emerging technology Anne Neuberger to discuss enhancing partnerships in the fifth- and sixth-generation technologies.
The minister also met with special presidential coordinator for global infrastructure and energy security Amos Hochstein and National Security Council Middle East and North Africa coordinator Brett McGurk to discuss cooperation in digital economy and innovation.
At a separate meeting with Chirag Parikh, the executive secretary of the White House National Space Council, Al-Sawah discussed joint investments in space economies and technologies and developing national talents.



Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
TT

Central Bank Chief: Morocco Preparing Law to Allow Cryptocurrencies

Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration
Representations of cryptocurrency Bitcoin are seen in this illustration taken November 25, 2024. REUTERS/Dado Ruvic/Illustration

A draft law on cryptocurrencies is undergoing the process of adoption in Morocco, the governor of its central bank, Abdellatif Jouahri, said on Tuesday.

The central bank, known as Bank Al Maghrib, "has prepared a draft law regulating crypto assets, which is currently in the adoption process," Jouahri told an international conference in Rabat.

Bank Al Maghrib was also exploring a central bank digital currency (CBDC), Reuters quoted him as saying.
"Regarding central bank digital currencies, and like many countries around the world, we are exploring to what extent this new form of currency could contribute to achieving certain public policy objectives, particularly in terms of financial inclusion," he said.