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Saudi Arabia is moving forward in the electronic games industry as part of its efforts to be a global hub in the sector and to attract foreign investments. The Savvy Games Group, which is wholly owned by the Public Investment Fund (PIF), seeks to develop this promising industry, stated its CEO, Brian Ward. In an interview with Asharq Al-Awsat, Ward said Savvy aims to become the first international gaming company in the world and the first investor in the gaming and e-sports sector at the global level.

This Week in Business is our weekly recap column, a collection of stats and quotes from recent stories presented with a…

Embracer Group, a prominent player in the gaming and entertainment industry, recently announced a strategic maneuver: the division of its operations into three distinct publicly traded companies.

Sign up for the GI Daily here to get the biggest news straight to your inboxLars Wingefors, CEO of the Embracer Group, …

Although "it's been painful," Lars Wingefors says "I still believe in what we do"