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  • Saudi Arabia Doubles-Down on Investment in Electronic Arts

    Saudi Arabia’s sovereign wealth fund has increased its stake in Electronic Arts, building upon its massive $38 billion already invested in the video game industry. The Kingdom’s Public Investment Fund has increased its shares in Electronic Arts by 55%, going from owning 16.01 million shares to now 24.81 million shares, according to a financial filing observed by Seeking Alpha. EA’s sports titles include Madden NFL, EA Sports PGA Tour, NHL, F1, and FIFA—though future installments of the popular soccer series will be branded as EA Sports FC after EA and FIFA failed to agree to a new licensing agreement.

  • Saudi Arabia Doubles-Down on Investment in Electronic Arts

    Saudi Arabia’s sovereign wealth fund has increased its stake in Electronic Arts, building upon its massive $38 billion already invested in the video game industry. The Kingdom’s Public Investment Fund has increased its shares in Electronic Arts by 55%, going from owning 16.01 million shares to now 24.81 million shares, according to a financial filing observed by Seeking Alpha. EA’s sports titles include Madden NFL, EA Sports PGA Tour, NHL, F1, and FIFA—though future installments of the popular soccer series will be branded as EA Sports FC after EA and FIFA failed to agree to a new licensing agreement.

  • Chart: Global Executions Hit Highest Rate in Five Years

    Saudi Arabia’s numbers also saw a major increase, tripling from 65 to 196 people. This marks the highest number of known executions recorded in the country in 30 years. The change was mainly driven by an increase of executions for terrorism-related offenses (rising from 9 in 2021 to 85 in 2022) as well as the resumption of executions for drug-related offenses (rising from 0 in 2021 to 57 in 2022). Egypt executed 24 people and handed out 538 death sentences that year.

  • Chart: Where Countries Stand on Russia

    While most of Europe and North America condemns Russia for its war in Ukraine, as far as politics goes, it’s not a universal stance. New analysis by the Economist Intelligence Unit has found that Russia’s support base is slowly growing in some parts of the world. Where 29 countries used to lean towards Russia in 2022, that number has now risen to 35. Conversely, while the number of countries either West-leaning or actively condemning Russia is still by far the bigger group, its figures have dropped from 131 to 122. The EIU says this fall is partly driven by the shift of a number of emerging economies into a more neutral position.

  • Air strikes, artillery fire escalate as factions battle in Sudan capital

    Air strikes and artillery fire intensified sharply across Sudan's capital early on Tuesday, residents said, as the army sought to defend key bases from paramilitary rivals it has been fighting for more than a month. The air strikes, explosions and clashes could be heard in the south of Khartoum, and there was heavy shelling across the River Nile in parts of the adjoining cities of Bahri and Omdurman, witnesses said.

  • Saudi FM Prince Faisal bin Farhan Al Saud meets German counterpart, Annalena Baerbock, in Jeddah

    Saudi Foreign Minister Prince Faisal bin Farhan Al Saud met his German counterpart, Annalena Baerbock, in Jeddah on Monday, the Saudi foreign ministry wrote on Twitter. The German foreign ministry had said earlier that Baerbock, who will also visit Qatar next, would discuss bilateral issues as well as questions of regional crises with Gulf counterparts.

  • Chart: Erdoğan Faces Runoff Election for Turkish Presidency

    Turkish president Recep Tayyip Erdoğan, who has been at the helm of his country for 20 years, is expected to face a runoff on May 28. As no presidential candidate is projected to have reached more than 50 percent of the vote in yesterday's election, Erdoğan and second-placed Kemal Kılıçdaroğlu would face the voters once more, which would be unprecedented.

  • Khartoum Under Bombardment as Sudan’s Rivals Talk

    Truce deals have been repeatedly broken but the United States and Saudi Arabia are mediating talks in Jeddah aimed at securing a lasting ceasefire. "You don't know how long this war will continue ... The house became unsafe and we don't have enough money to travel out of Khartoum. Why are we paying the price of Burhan and Hemedti's war?" said Yassin, the teacher.

  • The Gulf governments need to openly discuss the risks of artificial intelligence

    The Gulf countries’ rapid ascent up the income ladder during the last century would not have been possible had they insisted on in-sourcing every step. Importing foreign technologies, organizational philosophies, art, legal systems, and so on is an intelligent alternative to reinventing the wheel because of the time and resource savings. However, the floodgates should not be completely open, and homegrown capacity must be built for two reasons.

  • Two global giants move their regional headquarters to Riyadh

    The American company iHerb for health and wellness products and the Korean CJ Logistics, a world leader in logistical solutions, finally chose Riyadh as the hub of their operations in the Middle East and Africa. This is in response to the growing demand from consumers, in addition to the attractiveness of the business environment in the Kingdom. The periodic meetings held by the E-Commerce Council has contributed tremendously to attracting global companies to the Saudi capital.