Saudi Arabia’s Ad Diriyah concert kicks off in rainy Riyadh

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Updated 15 December 2018

Saudi Arabia’s Ad Diriyah concert kicks off in rainy Riyadh

  • After DJ EJ’s performance, the concert area took an intermission only to witness a spike in attendance
  • Egyptian pop singer Amr Diab took to the stage and fired up an electric crowd who were cheering him on beneath the rain

RIYADH: Come rain or shine, nothing could hold off the festivities on the sidelines of the biggest event in Saudi Arabia - the Ad Diriyah E Prix - as Formula E's resident DJ EJ kicked off the evening concert for the three-day event.

"I still can't believe this is happening. This is so awesome," Badr who was amongst the crowd listening to the ABB formula E resident DJ, told Arab News.

After DJ EJ’s performance, the concert area took an intermission only to witness a spike in attendance as attendees ran to the stage area to listen to Scott Forshaw perform at the E Village area.

Mohaisin, who was dancing amongst three of his friends, told Arab News that this is a new Saudi Arabia and that he is proud Riyadh is hosting the Formula E.

"We are a world class country and our events should reflect that. This, to me, is the biggest event I have been to in the region," he added.

After another intermission, Egyptian pop singer Amr Diab took to the stage and fired up an electric crowd who were cheering him on beneath the rain. After his first song, Diab to a moment to thank the Kingdom’s General Sports Authority Chairman Turki Al-Sheikh for the extended invitation to perform at the landmark event.

Heba and her sister Hanoof were both cheering their favorite Egyptian icon.

"I can't believe I am listening to Amr Diab right here in Ad Diriyah, this is not happening. I used to have to travel to attend concerts." Heba told Arab News.

"This to me is a pinch me moment,” added her sister Hanoof.

"This is a surreal moment which reminds me of the cool factor that Vision 2030 brings to our people. I mean we still have the Black Eyes Peas performing too, all in one night," she added.

The evening’s festivities included US hip-hop group the Black-Eyed Peas.


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.”