This week, the Saudi Crown Prince awarded the winners of the inaugural Esports World Cup after the 8 week tournament, featuring 1,500 athletes, 22 tournaments and a record breaking prize pool of $60 million, came to a close.
In other news, economic development continues in KSA with 57 regional HQ licences approved in Q2 of 2024, and an 86% increase in investment licences issued in the education sector.
Economy, Budgets and Finance
Al Arabiya: NEOM Green Hydrogen Company (NGHC) has initiated a major recruitment drive for world leading hydrogen plant. Read here
Arab News: Investments in the Saudi maritime sector exceeds $6.7 billion. Read here
Arab News: GSTAT data shows Saudi non-oil exports rise by 7.3% in June. Read here
Arab News: Saudi Arabia issues 57 regional HQ licences for companies in Q2. Read here
Government & Royal Family
Arab News: Over 38,000 Tamkeen beneficiaries find jobs this year in KSA. Read here
Asharq Al-Awsat: Saudi Crown Prince awards the Esports World Cup Champions. Read here
Arab News: Saudi HR ministry cracks down on labour violations to ensure business owners comply with regulations. Read here
Defence & Security
Saudi Gazette: KSA’s cybersecurity sector contributed SAR 15.6 billion to GDP in 2023. Read here
Commercial
Arab News: How a cutting-edge AI model developed in KSA is reshaping medical diagnostics. Read here
Arab News: The third Global AI Summit, organised by SDAIA will be held in Riyadh from the 10th-12th September with over 300 speakers from across the globe. Read here
Gulf Business: Saudi Arabia’s PIF reportedly plans new cargo airline in logistics hub push. Read here
Arab News: Saudi education sector sees 86% annual rise in investment licences. Read here
Social
Saudi Gazette: Neymar celebrates Esports World Cup in Riyadh: ‘A great opportunity for Saudi Arabia and the world’. Read here
Arab News: KSrelief provides heart and brain care in Yemen and Indonesia. Read here
Saudi Gazette: 9-member Saudi squad to participate in 5 event in Paris Paralympics. Read here
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