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Saudi Arabia Launches Summer 2024 eSports World Cup
Football megastar Ronaldo was in attendance, and was honored to meet His Highness Prince Mohammed bin Salman.
On Monday, October 23, Crown Prince Mohammed bin Salman of Saudi Arabia announced the launch of the eSports World Cup. The event will be held annually from Summer 2024 in the Kingdom’s capital, Riyadh.
The eSports World Cup is the largest of its kind and will help to consolidate the Kingdom of Saudi Arabia’s position as an international pro gaming hub. The event will include games across a wide range of genres, with players competing for the largest pool of prize money ever to be issued at this type of event.
According to Arab News, the newly announced World Cup should boost the Saudi Arabian GDP by over 13 billion USD while creating nearly 40,000 new jobs.

During the launch, Saudi Crown Prince Mohammed bin Salman met with Portuguese football legend Cristiano Ronaldo, who was invited to the event. The star shared several images on social media and said he was honored to meet the Crown Prince.
The eSports World Cup launch also allowed Saudi Arabian officials to announce the establishment of the eSports World Cup Foundation, a non-profit organization to boost sustainability and cement the Kingdom’s place as a global gaming hub.
Also Read: Top 10 Best Video Games Set In The Middle East
The Saudi government is currently going to great lengths to promote the growth of the local gaming industry through its National Gaming and Esports Strategy.
Saudi Arabia is already home to the MENA’s leading gaming industry. The country has around 21 million gamers (nearly 58% of the population) and is the 19th biggest gaming market in the world, with a projected value of $2.6 billion by 2027 — a growth rate of 7.5% per year.
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Lebanon Ministers Meet Visa Over National Digital Payment Platform
Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.
Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.
The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.
The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.
Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.
Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.
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Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.
“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.
Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.
