Saudi Arabia to celebrate Eid Al-Fitr on Tuesday

Eid Al-Fitr celebrations will begin in Saudi Arabia on Tuesday, June 4. (AFP/File photo)
Updated 03 June 2019

Saudi Arabia to celebrate Eid Al-Fitr on Tuesday

  • The UAE, Kuwait, and other Gulf countries will all celebrate Eid on Tuesday
  • The Shawwal crescent moon was visible from some parts of the Kingdom on Monday evening

JEDDAH: Eid Al-Fitr celebrations will begin in Saudi Arabia on Tuesday, June 4, the Saudi Supreme Court has announced.

The Shawwal crescent moon was visible from some parts of the Kingdom on Monday evening, meaning Eid will begin the following day.

The court on Saturday called on all Muslims throughout Saudi Arabia to try and spot the crescent on Monday evening, Ramadan 29, 1440H, corresponding to June 3, 2019.

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GALLERY: Eid Al-Fitr preparations around the world

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The UAE, Kuwait, and other Gulf countries will all celebrate Eid on Tuesday, with Ramadan ending on Monday and bringing a close to a month of fasting between sunrise and sunset.

In Indonesia, Pakistan, Australia and other Asian countries, no crescent moon was sighted so Eid will begin on Wednesday.

On the occasion of Eid Al-Fitr, King Salman and Crown Prince Mohammed bin Salman sent cables of congratulations to leaders of Islamic countries around the world. 


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.”