live Qatar shoots down Iranian jets: All the latest news on the Iran strikes
The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, ot...
Saudi Arabia has cemented its position as a major player in the global gaming industry with the $55 billion acquisition of Sims and Battlefield-maker Electronic Arts, marking its biggest step yet toward Vision 2030’s digital diversification goals.
The influence of Gulf countries, especially Saudi Arabia, is steadily growing in the global video game market, which is expected to reach $600 billion within the next five years. Industry data from Grand View Horizon shows the market’s value rose from about $300 billion in 2024 to $337 billion so far in 2025.
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has been the driving force behind this expansion, making high-profile investments in major gaming companies and initiatives tied directly to Crown Prince Mohammed bin Salman’s Vision 2030 plan. The National Gaming and Esports Strategy (NGES), launched in 2022, positioned gaming as a key sector in the kingdom’s economic diversification agenda.
The landmark purchase of Electronic Arts for $55 billion through a Saudi-led consortium, with PIF as the largest investor, became the biggest gaming deal since Microsoft’s $68.7 billion acquisition of Activision Blizzard, the developer behind World of Warcraft and Call of Duty.
Through Savvy Games Group, a PIF-backed entity, Saudi Arabia has also made significant inroads into the global e-sports scene. The group bought Los Angeles-based Scopely for $4.9 billion and previously acquired two major tournament organisers, ESL and FaceIt, for $1.5 billion combined.
Saudi Arabia’s ambitions have been showcased through initiatives such as the Gamers8 festival, which began in Riyadh in 2022 and has since grown into one of the world’s premier e-sports events. Its 2023 edition featured an unprecedented $45 million prize pool, setting a record in competitive gaming.
The kingdom’s focus on gaming reflects both cultural and demographic realities. Research cited by the law firm Bird & Bird shows that between 67% and 89% of Saudis regularly play video games, with nearly half of Saudi women identifying as gamers—far above the global average.
As Saudi Arabia deepens its investments, its growing footprint in the gaming industry signals a strategic shift not only toward economic diversification but also toward shaping the future of global entertainment.
Follow the latest developments and global reaction after the U.S. and Israel launched “major combat operations” in Iran, prompting retaliation from Tehran.
Saudi Arabia’s state oil giant Saudi Aramco closed its Ras Tanura refinery on Monday following an Iranian drone strike, an industry source told Reuters as Tehran retaliated across the Gulf after a U.S.-Israeli attack on Iranian targets over the weekend.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
Ayatollah Alireza Arafi has moved into a pivotal constitutional role following the death of Supreme Leader Ayatollah Ali Khamenei, becoming the clerical member of Iran’s temporary leadership council under Article 111 of the Constitution of the Islamic Republic of Iran.
The Middle East crisis intensifies after the deadly attack on Iran's Supreme Leader Ali Khamenei's compound on Saturday that killed him, other family members and senior figures. Iran has launched retaliatory strikes on U.S. targets in the region.
The UK said it's allowing the U.S. to use its bases for defensive strikes against Iran amid escalating missile attacks, after a suspected drone strike hit a British airbase in southern Cyprus, causing limited damage.
The Kremlin is utilising the recent United States and Israeli military strikes on Iran to validate its ongoing war in Ukraine. Russian officials are pointing to the escalation in the Middle East as evidence that Western nations do not adhere to international rules.
European Union stands with its member states in the face of any threat, EU Commission President Ursula von der Leyen said in response to the drone strike that hit Britain's Royal Air Force base of Akrotiri in southern Cyprus overnight.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 27th of February, covering the latest developments you need to know.
Protests broke out in Pakistan and Iraq on Sunday after Iranian state media confirmed that Supreme Leader Ayatollah Ali Khamenei had been killed in joint U.S.–Israeli strikes. At least nine people were reported dead in clashes near the U.S. consulate in Karachi.
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