Culture Iran war hits Saudi gaming drive as Esports Nations Cup pushed to 2027 The postponement is a blow for the kingdom, which has made growing its esports sector one of the main priorities under its Vision 2030. Saudi Arabia
Interview Why Strait of Hormuz no longer rattles oil markets as much: IMF The fund's Middle East director, Jihad Azour, told Al-Monitor that the big Gulf energy producers now have more capacity to absorb the shock. Jihad Azour Director of the Middle East and Central Asia Department at the International Monetary Fund
Interview Saudi labor localization will take ‘generation or two': Armada CEO Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades. Olivier Badard CEO of Armada Holding
Syria reports sabotage of undersea internet cable between Tartous and Alexandria: What to know The affected cable connects Syria to Egypt and is one of four cables that link to the coastal city of Tartous. Syria
Saudi Arabia increases stake in EA gaming by 55% The PIF held 16.01 million shares in Electronic Arts (EA) before Q4 2022, but after Q1 2023, it held 24.81 million shares. Saudi Arabia
Turkey’s opposition warns against deepfakes ahead of fateful elections As the presidential race heats up in the lead-up to Turkey's consequential elections, the country’s main opposition party accuses the government of plotting a cyberwar against Erdogan’s top rival. Turkey
UAE reprimands cryptocurrency firm OPNX The company, which is planning a transparent crypto platform, allegedly did not receive the necessary regulatory authority from the UAE. Legacy: Gulf
In water-starved Middle East, large ChatGPT data centers are a threat The UAE announced its record-breaking green data center in February of this year. The Moro Hub, created by the digital arm of DEWA, became the largest solar-powered data center, according to Guinness World Records. Legacy: Gulf
Saudi Arabia opens four special economic zones with eye on foreign investment The special economic zones offer incentives such as competitive corporate tax rates, 100% ownership of companies and flexibility in employing foreign labor. Legacy: Gulf
Analysis Middle East unlikely to slow down on AI, ChatGPT rollout Astra Tech, backed by Abu Dhabi AI company G42, said it created the first Arabic language ChatGPT last Wednesday. Also this week, the number of signatories of the open letter increased more than sixfold since last Monday’s 3,000, highlighting the growing concern about unregulated AI. By Salim A. Essaid
Bahrain launches 'Golden License' to attract major investment, jobs Only companies with major investment and project portfolios will be eligible for the license, with either a $50 million value or a plan to create 500 jobs in the country, according to the Bahrain Economic Development Board. Legacy: Gulf
Saudi firms face 6.7% higher Twitter verification fees than US Syria, Sudan, Iran, the West Bank and Gaza Strip are not on the price list and appear to be unable to purchase this subscription. Legacy: Gulf
Report: Israel tech sector still among world’s strongest Judicial fallout and layoffs have not hurt the industry's world standing, according to a report from Dealroom.co and Tel Aviv Tech. Israel
UAE, India to boost cooperation via digital currency The Emirati Central Bank has begun implementing its digital dirham strategy following a financial cooperation agreement with India and the UAE's cryptocurrency push. Legacy: Gulf
Elon Musk denies report that Saudi Arabia, UAE intend to invest in SpaceX An arm of Saudi Arabia’s Public Investment Fund and an Abu Dhabi-based company were reported to be looking to invest in Elon Musk’s SpaceX, according to The Information, which cited people familiar with investor discussions. Legacy: Gulf
UAE, Oman call for bids on $3 billion transnational railway project The move aims to expand the role of the private sector in the state-owned project and promote regional integration, with the project connecting Oman’s Sohar Port with the UAE's National Rail Network. Legacy: Gulf