Categories
Arab News Saudi Arabia

‘World Forum an opportunity to shape future of esports and gaming’

More than 1,200 delegates from across the globe will gather in Riyadh to discuss the most pertinent issues in esports and gaming at the in-person Forum…reports Asian Lite News

The Next World Forum, an esports and gaming forum that will bring together sector leaders and experts from around the world, is to be held on Wednesday, September 7 and Thursday, September 8 in Riyadh.

Hosted at the Four Seasons Hotel Riyadh At Kingdom Center, the inaugural Next World Forum is where the global gaming and esports community will gather to discuss the development of this vibrant, economically flourishing, and collaborative ecosystem.

Showcasing new ideas, investment, and talent development, the Forum is also an ideal setting to highlight Saudi Arabia’s thriving role in the gaming and esports industry, as the nation strives to contribute substantially to the dynamic value chain.

Organized by the Saudi Esports Federation, the Next World Forum additionally brings the curtain down on the phenomenally successful summer season of Gamers8, the biggest esports and gaming event worldwide, which is currently being held at Boulevard Riyadh City.

With a highly impressive list of speakers, those attending the Next World Forum include ministers of sport from various leading nations, investors, gamers, developers, tech providers, start-ups, public sector representatives, brands and advertisers, publishers, broadcasters, and federations and leagues.

His Royal Highness Prince Faisal bin Bandar bin Sultan, Chairman of the Saudi Esports Federation, said: “The Next World Forum is an opportunity to shape the future agenda of esports and gaming – including the complete capture of full sector growth through investment and collaboration.

“All of us involved in gaming – an industry bigger than Hollywood and the music industry combined – are abundantly aware that there is still enormous room for development and advancement. But while we know that gaming is growing exponentially, the key aspect is about how we work together to make it even better.

“It is imperative that we propel a gaming and esports sector that offers rich opportunities for industry and governments while meeting and exceeding new expectations from gamers around business models.

“In pursuing that quest, Saudi Arabia, which has an aim to become not just one of the global leaders in esports and gaming, but the global leader, is a fitting host for the Next World Forum. We look forward immensely to welcoming the esports and gaming world to Riyadh on September 7 and 8, as we convene for productive, purposeful, progressive, and prosperous discussions.”

More than 1,200 delegates from across the globe will gather in Riyadh to discuss the most pertinent issues in esports and gaming at the in-person Forum.

High-level speakers at the Next World Forum include: His Royal Highness Prince Faisal bin Bandar bin Sultan, Chairman of the Saudi Esports Federation; Chester King, CEO, British Esports & Vice-President, Global Esports Federation; Mario Pérez Guerreira CEO, MENA & Partner, GGTech; Sayo Olowabi, Security General, Africa Esports Development Federation (AEDF); and Grant Johnson, Chairman and CEO, Esports Entertainment Group.

Across two days, the Next World Forum will highlight:

  • Key tech development challenges affecting the shifting landscape of the gaming and esports ecosystem
  • Trends including cloud gaming, distribution platform development and appetite for fresh content
  • The rise of thinking around impact-driven gaming, real-world impact and gaming for innovation across multiple sectors
  • Solution-based discussion on government attitudes to gaming, ecosystem talent development and infrastructure development
  • The emerging Saudi market landscape and opportunities to be part of its story
  • Genre innovations, regulation, and legislation

Specific September 7 panel topics at the Next World Forum include the Industry Keynote speech on Gaming and Esports as the Next Frontier of Media, Gaming as an Untapped Economic Powerhouse, and VR/AR and the Metaverse in the Spotlight.

Specific September 8 panel topics at the Next World Forum include Governments as Ecosystem Enablers, Leveling Up Esports and Gamer Health, and Build it and They Will Come – The ‘Third Place’ Experience and Rise of Gaming Venues.

The Forum will also feature a series of activations, gaming masterclasses, and bilateral meetings.

More information on the Next World Forum can be found at https://www.nextwrld.sa.

Gamers8 recap

Organized by the Saudi Esports Federation, Gamers8, the biggest esports and gaming event worldwide, runs daily throughout this summer until September 8 at a purpose-built venue at Boulevard Riyadh City. Elite esports tournaments are featuring alongside a series of big-name concerts, festivals, shows, and fun-filled activities for all ages.

Gamers8 focusses on four main pillars, each with something to offer for everyone. These four pillars are: Professional Esports, Festivals, Music and ‘The Next World Forum’.

Elite esports teams are competing across: Rocket League, Dota 2, Fortnite, Tom Clancy’s Rainbow Six Siege, and PUBG MOBILE. A staggering $15 million prize pool is on offer. Gamers8 tournaments are broadcast live on the event channels in more than eight different languages.

In addition, big-name international artists, each of whom is guaranteed to captivate music lovers, are appearing at Gamers8 concerts alongside numerous local and regional talents each weekend throughout the event. Over 1,000 activities and attractions, such as comedy, cosplay, magic shows, and much more, are also on the Gamers8 entertainment agenda. Further details, including ticket sales, are available on the event website.

ALSO READ-Hackers target Indian gamers

Categories
Arab News Business Saudi Arabia

Riyadh to host first in-person Euromoney Conference in September

Steered by Saudi Vision 2030 — an ambitious blueprint for economic and social reform — the Kingdom has set about bolstering its prospects by transforming the national economy…reports Asian Lite News

The Saudi Ministry of Finance and the Financial Sector Conference have joined forces with Euromoney to host the first in-person Euromoney Saudi Arabia Conference since 2019. Taking place on Wednesday 7 September in Riyadh, the event will be focused on “The Institutionalisation of Investment and Finance”.

Held under the patronage of H.E. Mr Mohammed Al-Jadaan, the Minister of Finance of the Kingdom of Saudi Arabia, the conference has been launched to bring Saudi and international industry experts, thought-leaders, and policy makers to discuss the latest trends in regional and global financial markets.

With Saudi Arabia now recognized as a burgeoning global hub of innovation and investment, the event provides a unique platform and timely opportunity to explore the Kingdom’s road to recovery — in the wake of COVID-19 — new economic initiatives and their impact on the country, wider region and world.

Steered by Saudi Vision 2030 — an ambitious blueprint for economic and social reform — the Kingdom has set about bolstering its prospects by transforming the national economy. As part of this commitment, Vision 2030 aims to create an environment that unlocks business opportunities, broadens the country’s economic base, and creates jobs for all Saudis. The Kingdom has already made significant progress towards accomplishing these goals, leveraging its unique location and potential to attract more international talent and global investment.

This year’s Euromoney Conference will spotlight these developments and map out further steps that can be taken to fully realise the Kingdom’s potential. The opening keynote address will be delivered by H.E. Mr Mohammed Al-Jadaan, who will be joined by an impressive line-up of distinguished local and international speakers.

This lineup includes: HE Mr Majid bin Abdullah Al-Hogail, Minister of Municipal, Rural Affairs and Housing, Kingdom of Saudi Arabia; HE Mr Mohammed El-Kuwaiz, Chairman, Capital Market Authority; Yousef Abdullah Al Shelash, Chairman, Dar Al Arkan Real Estate Development Company; Abdullah Alrashoud, Chief Executive Officer, BLOMINVEST Saudi Arabia; Hani Baothman, Chairman, Sidra Capital; and Faisal Durrani, Partner – Head of Middle East Research, Knight Frank; Fabrice Susini, Chief Executive Officer, Saudi Real Estate Refinance Company; Ronit Ghose, Global Head, Future of Finance, Citi; Paul Wilson, Chief Investment Officer, Channel Capital; Nabeel Koshak, Chief Executive Officer and Board Member, Saudi Venture Capital Company (SVC) will also be speaking at the event.

The lead sponsors of the conference are Citi; Dar Al Arkan Real Estate Development; Gulf International Bank; Riyad Bank; Standard Chartered and The Financial Academy. The Capital Market Authority is the event Supporting Body. Real estate advisory services will be provided by Colliers. The conference’s co-sponsors are: Alkhair Capital; BLOMInvest; Kamco Invest and Saudi Real Estate Refinance Company. Knight Frank has been announced as the event’s knowledge partner, Derayah Financial is an associate sponsor and Argaam as its digital sponsor. Sidra Capital will serve as an exhibitor.

For more information, to view the agenda, and to apply for your place, please visit the Euromoney Conferences website.

ALSO READ-Riyadh To Reform Aviation Sector

Categories
Arab News Business Saudi Arabia

Bupa Arabia becomes most valuable insurance company of ME

Bupa Arabia was also named the “Middle East Health Insurance Company” at the Middle East Insurance Industry Awards – supervised by Ernst & Young…reports Asian Lite News

Bupa Arabia continued to shine even in the face of various COVID_19 related challenges last year, as it dominated a number of regional and international awards as well as global rankings in the health insurance, digital innovation, and sustainability fields among others.

The leading health insurer topped Brand Finance’s list of the most valuable insurance companies in the Middle East in 2021, a testament to Bupa Arabia’s efforts in providing innovative healthcare services to millions of people, within the framework of the Council of Cooperative Health Insurance.

Bupa Arabia also topped the insurance companies for Forbes Middle East’s annual rankings of the 100 most powerful companies in the region for 2021, which includes the largest, most profitable, and most valuable companies in the Middle East.

Tal Nazer, CEO of Bupa Arabia, said the company’s presence in the Forbes Middle East and Brand Finance rankings, acknowledges the success of its strategy of adapting to the needs of the evolving industry, making a difference in healthcare, and most importantly, improving its members’ health.

Bupa Arabia also placed 13th on Brand Finance’s most valuable brands in Saudi Arabia rankings, six places ahead of its position in the previous year’s rankings, driven by a growth in its brand value by 22.7 percent, increasing it to $618 million (SR2.31 billion).

Bupa Arabia remains in the lead

In other achievements, the International Business magazine named Tal Nazer as the “Best CEO of Insurance Company in 2021,” and Bupa Arabia as the “Best Health Insurance Company of 2021.”

The health insurer also won the “Best Innovation for a Health Insurance Product” recognition for its Bupa Parents service, and was named the “Best Leading Investor Relations in Insurance” for applying the highest quality standards in customer service and products in 2020, by the US Journal of World Economic Magazine, which enjoys high credibility among decision-makers and influencers in various financial sectors.

Bupa Arabia was also named the “Middle East Health Insurance Company” at the Middle East Insurance Industry Awards – supervised by Ernst & Young.

Prominent Digital Initiatives

Bupa Arabia won the “Best Health Insurance Company of 2021” and “Digital Innovation in the Health Insurance Sector” awards at the Golden Shield Awards for Excellence, held on the sidelines of the InsureTek Regional Conference. Meanwhile, at the 2021 Global Business Outlook Awards, it won the “Best Health Insurance Provider Award” and “Digital Innovation Award in the Insurance Sector” for its Tebtom program.

Nazer said the multiple award wins reflect Bupa Arabia’s leadership in digital transformation in the insurance sector. The company recently launched the revolutionary Bupa Click service, aiming to provide “integrated healthcare with one touch.” Moreover, Bupa Arabia’s Tebtom program provides various innovative healthcare services such as home vaccination for children, doctor’s consultation (Bupa Doctor), telemedicine and others, while the Rahatkom provides an integrated healthcare experience for members, from the moment they enter the hospital and throughout their time there.

Aspiring work environment

Bupa Arabia’s achievements and awards not only recognize its excellence in insurance but also in human resources, as it was named the “Best Employer” in the Middle East by the CIPD as well as won in the “Best Employee Engagement Initiative” category.

In addition, at the Gulf Sustainability Awards, Bupa Arabia won the “Best Practices in the Workplace and Human Resources” award, while at the Global Brand Awards, it won the “Best Mobile Insurance App 2021” award for its innovative Bupa Arabia app.

In the same vein, Bupa Arabia won an award at the LinkedIn Talent Awards MENA. The awards, which are given out by LinkedIn, a global network specializing in professional communication, see intense competition among a wide range of companies, institutions and recruitment destinations in the region.

Nazer said that Bupa’s continuous achievements are due to its dedicated team members. “The COVID-19 pandemic has not affected our performance, thanks to the continuous efforts of the team that deserves gratitude and appreciation, and we look forward to continue developing our services, so that we always remain at the forefront,” he said.

ALSO READ-Beams Fintech fund to expand globally

Categories
Arab News Travel & Tourism

Sohar int’l gets ‘Best Tourism Promotion Campaign’ award

Through well-conceived initiatives like these, Sohar International has reaffirmed its position as a premium bank that is invested in the socio-economic progress of the country…reports Asian Lite News

As an agile, dynamic, and progressive bank that is well-aligned with the Sultanate’s goal of economic diversification, Sohar International has been leading innovative campaigns geared at promoting the tourism sector in the country. In honour of its unfaltering efforts, the bank was conferred with the title of the ‘Best Campaign to Promote Tourism’ at the Second Arab Forum for Tourism and Heritage for the bank’s initiative in 2021 and 2022 titled ‘In Oman We Win’ and ‘Take It From Us’ respectively.

At the Second Arab Forum for Tourism and Heritage which was organised by the Arab Centre for Tourism Media. The bank won the award for its ‘In Oman We Win’ campaign in 2021, and the more recent ‘Take It From Us’ program in 2022.

Organised by the Arab Centre for Tourism Media, the Second Arab Forum for Tourism and Heritage was held on 24th and 25th July 2022 at the Rotana Hotel, Salalah and was inaugurated by His Highness Sayyid Marwan bin Turki Al Said, Governor of Dhofar, and saw in attendance several key representatives from the public and private sectors. Representing the bank, Mr. Khalil Salim Al Hedaifi, Chief Retail Banking Officer at Sohar International attended the event and received the award. The forum seeks to enhance the partnership between media institutions and the government and private sector establishments in the culture, heritage, and tourism sector in an endeavour to catalyse the marketing and promotional efforts in the field.

Commenting on the award, Mr. Khalil Salim Al Hedaifi, Chief Retail Banking Officer at Sohar International, said “Sohar International believes in taking a more holistic approach to its CSR campaigns and strategically integrates key focus areas of national interest and the country’s long-term goals into its initiatives. Through the ‘In Oman We Win’ and ‘Take it from Us’ initiatives, the bank adopted a unique approach to highlighting the natural beauty, abundant resources, and rich cultural heritage of the Sultanate while simultaneously promoting SMEs catering to this segment and hence creating a rewarding experience for all stakeholders.”

He further added saying, “We are indeed honoured to have received this award which will act as further inspiration for us to continue to conceptualise innovative campaigns and add value to the tourism sector. With Oman’s tourism sector showing immense potential, Sohar International will remain committed to supporting the country’s vision to position the Sultanate as a key tourism destination. This will also act as a key driver of socio-economic growth, job creation, and the development of industries.”

Passionate about creating a unique experience, Sohar International’s ‘In Oman We Win’ was a popular Prize Scheme in 2021 that took viewers on a tour through various touristic, cultural, and historic locations from Musandam to Dhofar. Meanwhile, the bank’s ongoing ‘Take It From Us’ campaign, which primarily focuses on spreading financial knowledge amongst the community, also seamlessly integrates into each episode, a special segment highlighting the unique adventure experience offered by SMEs and other local companies across various iconic locations in the country. Through well-conceived initiatives like these, Sohar International has reaffirmed its position as a premium bank that is invested in the socio-economic progress of the country.

Recently, Sohar International was ranked by the highly coveted Best Banks Survey as the ‘Fastest Growing Bank’ in the Large Banks Category and ‘Excellence in Digital Transformation’ at the Oman Banking and Finance Awards. In addition, Global Business Review Magazine Awards 2022 honoured Sohar International with the title of ‘Best Corporate Banking – Oman 2022’.

ALSO READ-Beams Fintech fund to expand globally

Categories
-Top News Arab News

Ceasefire in Gaza

PIJ had fired rockets at the country in retaliation for attacks killing of its high-ranking members in the Gaza Strip…reports Asian Lite News

A ceasefire between Israel and the militant organisation Palestinian Islamic Jihad (PIJ) in the Gaza Strip came into force at around Sunday midnight, after both sides confirmed they agreed to it.

However, the PIJ said it was insisting on its right “to respond to any Israeli aggression”. Israel also stressed that it “maintains the right to respond strongly” if the ceasefire is violated.

The ceasefire comes after a targeted Israeli military operation that killed several high-ranking PIJ members in the Gaza Strip, including military chief Taisir al-Jabari and Islamic Jihad’s southern commander, Khaled Mansour.

PIJ had fired rockets at the country in retaliation for attacks killing of its high-ranking members in the Gaza Strip.

A high-ranking delegation from Egypt had arrived in Gaza on Sunday evening, to negotiate a potential deal.

Cease fire attempt fails

Israel said militants in the Gaza Strip continued on Sunday night to fire rockets at southern Israel despite a reported Egypt-brokered cease-fire.

Israel’s Home Front Command said in a notice that several rockets were fired at southern Israel “minutes” after 8 p.m. local time, which is the reported time for an Egypt-brokered cease-fire between Israel and the Palestinian Islamic Jihad (PIJ) in Gaza, Xinhua news agency reported.

The notice said PIJ militants fired barrages of rockets at Tel Aviv and other cities in central Israel.

Rocket sirens were heard in the communities of Kisufim, Ein Ha’shlosha, Nirim and Zikim near the Gaza border and the residents were instructed to stay inside shelters.

In the southern city of Ashkelon, a rocket hit a factory, injuring a Palestinian worker from the West Bank city of Hebron, state-owned Kan TV news reported. Magen David Adom emergency health service said in a statement that the man sustained moderate-to-light injuries.

At least 41 Palestinians, including 11 children and four women, have been killed, and 311 injured since Israel began an offensive on the Gaza Strip on Friday, according to a statement released by the Palestinian health ministry in Gaza on Sunday evening.

Israeli media earlier reported at least eight Israelis were injured by rockets fired by PIJ militants from Gaza into southern Israel.

ALSO READ: ‘Israel threats against Gaza unacceptable’

Categories
-Top News Arab News

Gaza plunges into darkness

Around 550 megawatts of electricity are needed daily to cover the needs of the approximately 2 million residents. Recently, however, only 180 megawatts were available….reports Asian Lite News

The sole power plant in the Gaza Strip has been knocked offline due to a lack of fuel, electricity officials said.

As a result, the power supply in the Palestinian territory will be reduced from the previous 12 hours to four hours, dpa news agency quoted the officials as saying on Saturday.

Israel closed its border with Gaza to goods and people early in the week, fearing reprisals after the arrest of a Palestinian militant leader in the West Bank.

An electricity company official said the plant’s shutdown was leading to a “catastrophic situation” in Gaza, noting the impoverished territory had already been suffering from insufficient electricity.

Around 550 megawatts of electricity are needed daily to cover the needs of the approximately 2 million residents. Recently, however, only 180 megawatts were available.

Palestinian security sources said that Israel originally intended to reopen the crossing for the import of limited amounts of fuel, but withdrew the decision at the last minute.

This was preceded by mediation attempts, according to the sources.

Tensions soared on Friday after Israeli forces launched a large-scale military operation against the Palestinian Islamic Jihad group in the Gaza Strip.

At least 24 people have been killed in airstrikes, including senior leader Taisir al-Jabari, according to Palestinian health officials.

Palestinian militants responded by firing rockets at Israel, almost all of which either fell in unpopulated areas or were intercepted by the Iron Dome defence system.

ALSO READ: ‘Gaza attack to last a week’

Categories
-Top News Arab News UAE News

‘Gaza attack to last a week’

In Rafah, on Gaza’s border with Egypt, women and children were trapped under rubble following an Israeli strike, the strip’s civil defense unit said…reports Asian Lite News

The death toll from escalating violence in Gaza had risen to 29 on Sunday, including six children, as Israel extended its bombardment of Palestinian militants who have retaliated with a barrage of rockets.

The updated count from health authorities in the Hamas Islamist-run territory said six children were among those killed since the start of the “Israeli aggression” on Friday, in addition to 253 people injured.

But Israel said it had “irrefutable” evidence that a stray rocket from Islamic Jihad militants had been responsible for the death of multiple children in Jabalia, northern Gaza, on Saturday. It was not immediately clear how many children were killed in the incident in Jabalia. 

Israel’s military has warned its aerial and artillery campaign against Islamic Jihad could last a week, but Egypt’s President Abdel Fattah El-Sisi said Cairo is talking “around the clock” with both sides to ease the violence.

Israel has said it was necessary to launch a “pre-emptive” operation against Islamic Jihad, as the group was planning an imminent attack following days of tensions along the border with Gaza.

Civilians meanwhile took refuge in air raid shelters on the Israeli side, with AFP journalists hearing sirens warning of incoming fire in the Tel Aviv area on Saturday evening.

In Rafah, on Gaza’s border with Egypt, women and children were trapped under rubble following an Israeli strike, the strip’s civil defense unit said.

Rescue workers were digging through the site where a top Islamic Jihad commander, Khaled Mansour, was reportedly targeted by an Israeli strike on Saturday.

There was no specific confirmation of Mansour’s death, but the head of the Israeli army’s operations directorate, Oded Basiok, said in a statement that the entire “senior leadership of the military wing of the Islamic Jihad in Gaza has been neutralized.”

Daily life in the strip has come to a standstill, while the electricity distributor said the sole power station shut down due to a lack of fuel after Israel closed its border crossings.

Gaza’s health ministry said the next few hours will be “crucial and difficult,” warning it risked suspending vital services within 72 hours as a result of the lack of electricity.

In Gaza City, resident Dounia Ismail said Palestinians have become accustomed to preparing a “survival bag” of items such as money and medicine.

“This latest escalation brings back images of fear, anxiety, and the feeling that we are all alone,” she told AFP.

On the Israeli side of the frontier, the Magen David Adom emergency service said two people were hospitalized with shrapnel wounds and 13 others were lightly hurt while running for safety.

In Kibbutz Nahal Oz, an Israeli community beside the Gaza border, resident Nadav Peretz said he has been “in the bomb shelter or around it” since Friday.

“We recognize that on the other side too there is an uninvolved civilian population, and on both sides children deserve to enjoy their summer vacation,” the 40-year-old said.

Islamic Jihad is aligned with Hamas, but often acts independently. Both are blacklisted as terrorist organizations by much of the West.

Hamas has fought four wars with Israel since seizing control of Gaza in 2007, including the conflict last May.

A flare-up with Islamic Jihad came in 2019, following Israel’s killing of Baha Abu Al-Ata, Jabari’s predecessor. Hamas did not join the fray in that conflict.

Hamas’s moves now could prove crucial, with the group facing pressure from some to restore calm in order to improve economic conditions in Gaza.

The UN humanitarian chief for the occupied Palestinian territories, Lynn Hastings, urged the warring sides to allow “fuel, food, and medical supplies” to be delivered to Gaza amid the worsening crisis.

On Friday, the health ministry reported “a five-year-old girl” was among those killed by Israeli fire.

The girl, Alaa Kaddum, had a pink bow in her hair and a wound on her forehead, as her body was carried by her father at her funeral.

The Gaza strikes follow the arrest in the occupied West Bank of two senior members of Islamic Jihad, including Bassem Al-Saadi, whom Israel accuses of orchestrating recent attacks.

Israel on Saturday broadened its operation against Islamic Jihad, announcing the arrest of 19 people in the West Bank it said were members of the group.

Israel has conducted a wave of often deadly raids in the West Bank since mid-March in response to lethal attacks on Israelis.

ALSO READ-‘Israel threats against Gaza unacceptable’

Categories
Arab News

Rocket alert in Jerusalem

Religious Jews mourn the destruction of the two ancient temples in Jerusalem on this day…reports Asian Lite News

For the first time since the beginning of the Israeli military operation in the Gaza Strip, there was also a rocket alarm in Jerusalem on Sunday.

According to military reports, warning sirens were sounding around the city in the morning, while residents have reported explosions, reports dpa news agency.

Since Friday, more than 400 rockets have been fired at Israel from the Gaza Strip, according to the military.

There had been fears that the situation could escalate further on Sunday, the Jewish day of fasting and mourning, Tisha B’Av.

Religious Jews mourn the destruction of the two ancient temples in Jerusalem on this day.

The Islamist Hamas organization, which controls the Gaza Strip, has called for the al-Aqsa mosque on the site known to Muslims as the Noble Sanctuary to be “defended and for Israeli attacks on the holy site to be opposed”.

The Noble Sanctuary, or al-Haram al-Sharif, with the Dome of the Rock and the al-Aqsa Mosque, is the third holiest site in Islam. To the Jews it is known as the Temple Mount, where both the destroyed temples stood.

Until now, Hamas had kept a low profile in the recent conflict with Israel.

The Israeli military had launched the large-scale operation dubbed “Breaking Dawn” against the militant organization Palestinian Islamic Jihad (PIJ) on Friday.

The military chief Taisir al-Jabari and other PIJ members were killed.

The group is classified as a terrorist organization by the EU and the US.

According to the Palestinian Ministry of Health, 29 people have died since Friday, and at least 253 have been injured.

Among the dead are six children and four women, in addition to other PIJ members.

ALSO READ-Israeli archaeologists exposed 2,000-year-old aqueduct in Jerusalem

Categories
-Top News Arab News Saudi Arabia

Saudi Arabia sets up Investment Promotion Authority

The Saudi Investment Promotion Authority will work to strengthen and boost regional and international investment in the Kingdom’s public and private sectors…reports Asian Lite News

Khalid Al-Falih, Minister of Investment for Saudi Arabia (MISA), has today expressed his gratitude for the Council of Ministers’ decision to officially launch the new Saudi Investment Promotion Authority (SIPA).

The launch was directed by King Salman bin Abdulaziz and HRH Crown Prince Mohammed bin Salman, President of the Council of Economic and Development Affairs (CEDA), to facilitate local and international investment opportunities through all leading fields in the Kingdom.

The Minister noted that the establishment of SIPA will enable an integrated approach to investment between government agencies while enhancing all activities and services related to investment promotion to support partnerships between local and foreign investors.

The launch of SIPA is made possible by the Kingdom’s first National Investment Strategy which seeks to unleash the potential of the Kingdom’s strong market fundamentals and the breadth and depth of opportunities created by Vision 2030. The strategy aims to increase investment to 30% of GDP, and catalyze the growth of emerging sectors in the economy.

ALSO READ: Saudi Arabia all set to shape future of gaming

Categories
-Top News Business Saudi Arabia

Saudi Arabia all set to shape future of gaming

Showcasing new ideas, investment, and talent development, the Forum is also an ideal setting to highlight Saudi Arabia’s thriving role in the gaming and esports industry…reports Asian Lite News

The Next World Forum, an esports and gaming forum that will bring together sector leaders and experts from around the world, is to be held on Wednesday, September 7 and Thursday, September 8 in Riyadh.

Hosted at the Four Seasons Hotel Riyadh At Kingdom Center, the inaugural Next World Forum is where the global gaming and esports community will gather to discuss the development of this vibrant, economically flourishing, and collaborative ecosystem.

Showcasing new ideas, investment, and talent development, the Forum is also an ideal setting to highlight Saudi Arabia’s thriving role in the gaming and esports industry, as the nation strives to contribute substantially to the dynamic value chain.

Organized by the Saudi Esports Federation, the Next World Forum additionally brings the curtain down on the phenomenally successful summer season of Gamers8, the biggest esports and gaming event worldwide, which is currently being held at Boulevard Riyadh City.

With a highly impressive list of speakers, those attending the Next World Forum include ministers of sport from various leading nations, investors, gamers, developers, tech providers, start-ups, public sector representatives, brands and advertisers, publishers, broadcasters, and federations and leagues.

His Royal Highness Prince Faisal bin Bandar bin Sultan, Chairman of the Saudi Esports Federation, said: “The Next World Forum is an opportunity to shape the future agenda of esports and gaming – including the complete capture of full sector growth through investment and collaboration.”

“All of us involved in gaming – an industry bigger than Hollywood and the music industry combined – are abundantly aware that there is still enormous room for development and advancement. But while we know that gaming is growing exponentially, the key aspect is about how we work together to make it even better,” he added.

“It is imperative that we propel a gaming and esports sector that offers rich opportunities for industry and governments while meeting and exceeding new expectations from gamers around business models.

More than 1,200 delegates from across the globe will gather in Riyadh to discuss the most pertinent issues in esports and gaming at the in-person Forum.

High-level speakers at the Next World Forum include: His Royal Highness Prince Faisal bin Bandar bin Sultan, Chairman of the Saudi Esports Federation; Chester King, CEO, British Esports & Vice-President, Global Esports Federation; Mario Pérez Guerreira CEO, MENA & Partner, GGTech; Sayo Olowabi, Security General, Africa Esports Development Federation (AEDF); and Grant Johnson, Chairman and CEO, Esports Entertainment Group.

Across two days, the Next World Forum will highlight the Key tech development challenges affecting the shifting landscape of the gaming and esports ecosystem, trends including cloud gaming, distribution platform development and appetite for fresh content, the rise of thinking around impact-driven gaming, real-world impact and gaming for innovation across multiple sectors , Solution-based discussion on government attitudes to gaming, ecosystem talent development and infrastructure development and the emerging Saudi market landscape and opportunities to be part of its story, Genre innovations, regulation, and legislation

Specific September 7 panel topics at the Next World Forum include the Industry Keynote speech on Gaming and Esports as the Next Frontier of Media, Gaming as an Untapped Economic Powerhouse, and VR/AR and the Metaverse in the Spotlight.

Specific September 8 panel topics at the Next World Forum include Governments as Ecosystem Enablers, Leveling Up Esports and Gamer Health, and Build it and They Will Come – The ‘Third Place’ Experience and Rise of Gaming Venues.

The Forum will also feature a series of activations, gaming masterclasses, and bilateral meetings.

Gamers8 recap

Organized by the Saudi Esports Federation, Gamers8, the biggest esports and gaming event worldwide, runs daily throughout this summer until September 8 at a purpose-built venue at Boulevard Riyadh City. Elite esports tournaments are featuring alongside a series of big-name concerts, festivals, shows, and fun-filled activities for all ages.

Gamers8 focusses on four main pillars, each with something to offer for everyone. These four pillars are: Professional Esports, Festivals, Music and ‘The Next World Forum’.

Elite esports teams are competing across: Rocket League, Dota 2, Fortnite, Tom Clancy’s Rainbow Six Siege, and PUBG MOBILE. A staggering $15 million prize pool is on offer. Gamers8 tournaments are broadcast live on the event channels in more than eight different languages.

In addition, big-name international artists, each of whom is guaranteed to captivate music lovers, are appearing at Gamers8 concerts alongside numerous local and regional talents each weekend throughout the event. Over 1,000 activities and attractions, such as comedy, cosplay, magic shows, and much more, are also on the Gamers8 entertainment agenda. Further details, including ticket sales, are available on the event website.

ALSO READ: US to resupply UAE, Saudi Arabai missile defence systems