Iran awaits U.S. move after WSJ report says Trump rejects peace plan
Iran on Saturday awaited a U.S.&nb...
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.
Shipping traffic through the Strait of Hormuz remained low on Thursday, as Iran reiterated that it will neither enter into new negotiations with the United States nor re-open the Strait as long as its conditions are not met, despite recent indirect talks in New York mediated by Qatar.
As the Ukraine war is highlighted by some leaders during the United Nations' 81st General Assembly meeting in New York, Russian forces attacked the Ukrainian capital Kyiv early on Thursday with ballistic missiles, killing two people and injuring six, Mayor Vitali Klitschko said.
Saudi Arabia, Türkiye and Pakistan will hold an urgent high-level meeting under a joint defence pact to discuss ways to support the kingdom amid attacks by Yemen's Iran-aligned Houthis. The meeting comes as Tehran seeks to distance itself from the rapid advance of its Houthi allies.
The 81st UN General Assembly has wrapped up its third day in New York on Thursday, with world leaders delivering high-level speeches and holding diplomatic meetings.
World leaders return to the United Nations headquarters in New York on Friday for the fourth day of the high-level General Debate, with speeches and diplomatic meetings continuing throughout the day.
A woman has died and five people are missing after a residential building collapsed following an explosion in a tourist area of central Athens, a Greek fire brigade official said on Saturday.
U.S. television networks resumed coverage of President Donald Trump’s White House events on Friday, providing the first live pool footage of Chinese President Xi Jinping’s visit as a legal battle continues over restrictions on CNN, MS NOW and Politico.
The administration of U.S. President Donald Trump is comfortable maintaining its trade standoff with Canada despite new import bans taking effect next week U.S. Trade Representative Jamieson Greer said on Friday.
The military chiefs of Türkiye, Saudi Arabia and Pakistan met in Riyadh to discuss closer defence cooperation under the Makkah Joint Defence Agreement.
French President Emmanuel Macron has left open the possibility of seeking the presidency again after he leaves office next year, saying he “doesn’t exclude anything” when asked about a possible third mandate.
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