Well ~$110k isn't that much. However the increase percentage wise is something.
Let's see how this will develop in the future. Maybe some sheikh will find Bitcoin interesting enough invest some serious millions. These guys have more than enough money to play with.
hope so, saudi have invested large enough in china, saudi moderate enough economic problems, we hope that saudi could be one bitcoin bridge to the Arab world
They have so much wealth that they don't know where to invest their money. Yeah, let see how it goes, if those rich prince or sheikh decided to invest in bitcoin then good for the bitcoin ecosystem. Otherwise, bitcoin is already doing fine as of the moment but if Middle East want's to join the fun, the better for us.