Collaboration of United Arab Emirates and Saudi Arabia on New Cryptocurrency

UAE official news agency Emirate News Agency reports on Jan. 19 that the United Arab Emirates (UAE) and Saudi Arabia have announced an agreement to cooperate on the creation of a cryptocurrency. The Executive Committee of the Saudi-Emirati Coordination Council, according to the report, has held a meeting in UAE capital Abu Dhabi, in order to discuss the join initiatives in the Strategy of Resolve. The discussion had 16 members in total from both countries.