Cooling trend in Riyadh continues; Jeddah slightly warmer

An aerial picture shows a flooded area in Kharj province, Riyadh region, following heavy rains ushered in by the cold front last week. (SPA photo)
Updated 19 February 2017

Cooling trend in Riyadh continues; Jeddah slightly warmer

RIYADH: Cold weather conditions were prevailing late Saturday in various parts of the Kingdom, although some regions were experiencing alternating spells of warm and cold atmospheric conditions.
The Presidency of Meteorology and Environment (PME) forecast cloudy and cool days in the Saudi capital on Sunday and Monday with the weather expected hit 13 C. Overall, temperatures will reach a very mild 22 C Sunday with an upward tick to 25 C Monday to Wednesday.
It will be warmer in Jeddah on Sunday with temperature reaching 29 C, but cooling to 26 C on Monday.
In the central region residents experienced a clear and sunny day punctuated with periodic clouds on Saturday, according to the PME.
“It’s cold right now but not as cold as before when the weather dropped to almost 0 Celsius,” said Dionisio Tabuco, an engineer who works for a pharmaceutical company in Buraidah, Qassim.
In Riyadh, the day was clear and sunny with periodic clouds, with temperatures dropping in the early evening to 10 C.
In the Eastern Province, residents saw temperatures drop below 10 C, saying that they have to wear warm clothes.
“Right now I’m shivering because of the cold weather even if I am already wearing a thick sweater,” said Dr. Resurrection Ramos, a physician in Dammam.
In Najran, residents are also experiencing cold atmospheric conditions with the weather hitting 10 C at sunrise Sunday morning.


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”