Play-to-earn: How gamers are profiting off crypto games

Play-to-earn is emerging as a trending business model in the gaming industry, creating new token-based incentives that help monetise time spent by gamers Creative industries are leading social and economic growth globally, becoming one of the fastest-growing economic sectors worldwide with a market size estimated to be worth $218.7 billion by 2024. With that, the gaming industry has quickly emerged as a key catalyst for this movement. In Saudi Arabia alone, according to the latest figures, the gaming and e-sports sector is worth $1.09bn, with mobile gaming leading the way with…

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AMC Lags Behind in Saudi Arabia’s Surprisingly Competitive Cinema Market

Four years since the kingdom lifted a ban on theaters, local rivals have moved ahead of the U.S. giant. The Saudi Kingdom market is proving difficult for the world’s largest cinema chain, which was expected to dominate a region with no other major global players. AMC’s experience illustrates how Saudi Arabia remains a difficult place for Western companies to do business, even despite the country’s efforts to woo international business with legal and social changes. AMC said it would open up to 20 theaters by the end of last year,…

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UAE approves four-year federal budget focused on social spending

The United Arab Emirates approved its federal budget to 2026 and focused most of next year’s spending on social benefits and development. The Gulf country approved a total of 58.9 billion dirhams ($16 billion) of spending in 2022, nearly the same as last year. Most of the spending is going to development and social benefits, according to the state-run WAM news agency. Nearly 16% will go to higher education, 6% to social affairs, 8.4% to the health sector and 3.8% to infrastructure and economic resources. The total budget allocation for 2022-2026 is…

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