Dogecoin jumps 8% after Elon Musk says his firm will continue to accept crypto 

Dogecoin is still down 63 percent this year, swayed by the cryptocurrency rout. (Shutterstock)
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Updated 21 June 2022
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Dogecoin jumps 8% after Elon Musk says his firm will continue to accept crypto 

RIYADH: Dogecoin, a widely used cryptocurrency, jumped 7.9 percent on Tuesday after Elon Musk, the CEO of Tesla and SpaceX, said he will support the digital currency. 

“I just know a lot of people who are not that wealthy who, you know, have encouraged me to buy and support Dogecoin,” Musk said in an interview with Bloomberg during the Qatar Economic Forum in Doha on Tuesday. “I’m responding to those people.” 

Musk said that Tesla is accepting Dogecoin as payment for goods and confirmed that SpaceX will soon do the same.

That's not the first time Dogecoin reacted to anything Musk says about it. On Sunday, it jumped by around 9 percent within two hours after Musk tweeted that he would continue to support and buy it.

Despite the gain, Dogecoin is still down 63 percent this year, swayed by the cryptocurrency rout that saw Bitcoin drop below $20,000 last week.


Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

Updated 07 December 2025
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Saudi Arabia’s NDF unveils strategic partners for MOMENTUM 2025 conference 

RIYADH: Saudi Arabia’s National Development Fund has unveiled the lineup of strategic partners for the Development Finance Conference MOMENTUM 2025, as the Kingdom accelerates efforts to build a more integrated development-finance ecosystem.  

The conference, scheduled for Dec. 9–11 at the King Abdulaziz International Conference Center in Riyadh, will bring together policymakers, lenders and global development institutions as the Kingdom seeks to expand financing channels for key sectors. 

Saudi National Bank and Arab National Bank are named Main Partners, while Riyad Bank will serve as Banking Partner, NDF said in a press release.  

Bank AlJazira and Saudi Awwal Bank join as Enabling Partners, and public-sector participants include Invest Saudi, the Made in Saudi Program, and the Saudi Conventions and Exhibitions General Authority. 

Riyadh Municipality also joins the list as the host city partner, while Saudi Post is the logistics partner for the conference. 

“Collectively, these partnerships advance the conference’s vision of fostering collaboration among public and private sectors, contributing to Saudi Vision 2030 objectives,” the release said. 

Organized by NDF, this year’s conference is convened under the theme “Leading Development Transformation.” 

MOMENTUM 2025 reflects the NDF’s central role as a principal enabler of development in the Kingdom and as a strategic driver of the national development finance system through its 12 affiliated development funds and banks.  

“Through this conference, NDF aims to align efforts, amplify impact, enhance coordination and integration, and build meaningful partnerships with leaders across the public and private sectors. Together, these efforts are intended to ensure sustainable growth and empower strategic sectors to deliver on national and global development goals,” the release added.  

The program will feature more than 100 speakers from over 120 local and international entities, further underscoring the conference’s role as a national forum supporting the leadership’s vision of building a dynamic financing ecosystem that empowers key sectors. 

Several princes, ministers, senior officials, CEOs, global leaders, development experts, and economists are scheduled to attend the conference. 

The event will spotlight the contribution of the private sector and small and medium-sized enterprises in elevating the Kingdom’s economic growth, generating jobs, and boosting competitiveness.