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EA
August 5th, 2026 - 06:00 GMT
Khaled Samara

Khaled S.

Saudi Arabia officially acquires EA for $55 billion

ALBAWABA - Saudi Arabia has officially acquired gaming giant Electronic Arts (EA) for a whopping $55 billion to several groups, including the country's Public Investment Fund. Formal talks of Saudi Arabia’s Public Investment Fund acquiring EA were made public a year ago in September 2025. The gaming giant is best known for games such as FIFA, Mass Effect Trilogy, Dead Space and The Sims. According to the BBC, in addition ...
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Kuwait's investments in the US include stocks, bonds, real estate and technology. (Shutterstock)
September 4th, 2017 - 02:31 GMT

Kuwait Has More Than $300 Billion of Investments in US: Report

Skype has announced that it will be retiring the service in certain versions of Windows. (Shutterstock)
September 4th, 2017 - 02:19 GMT

No Skype for Windows Users in UAE, Starting Tonight

Saudi Arabia has nearly doubled its purchases of US corn this year. (Shutterstock)
September 4th, 2017 - 02:12 GMT

Saudi Arabia Doubles US Corn Imports in 2017: Report

The move is expected to encourage exports to countries such as Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan. (File photo)
September 4th, 2017 - 02:01 GMT

Iran Lifts Tariffs on Food Exports to Eurasian Countries

The new VAT will be effective from January 1, 2018. (File photo)
September 4th, 2017 - 01:56 GMT

Saudi Arabia Issues Final VAT Implementing Regulations: Details

Luxury car makers have been hit hard by the regional economic slowdown, but signs of a recovery are emerging. (Shutterstock)
September 4th, 2017 - 01:35 GMT

Gulf's Luxury Car Market Sees Signs of Recovery in 2017: Experts

With this key investment, Propertyfinder joins the Turkish property portal's board of directors. (File photo)
September 4th, 2017 - 12:48 GMT

Dubai's Propertyfinder Buys 17 Percent Stake in Turkish Real Estate Portal

The price of the digital currency bitcoin rose above the $4,680 level for the first time in its nine-year history on Thursday. (Shutterstock)
August 31st, 2017 - 01:48 GMT

Bitcoin Hits All-Time High, Close to $4,700

The data gathered keeps track of the daily total number of pilgrims, classified by their nationalities, time and place of arrival and vehicle types. (SPA)
August 31st, 2017 - 12:46 GMT

Saudi Arabia Uses 400 Statisticians, High-Tech System to Track Hajj Data

Istanbul gets ready to put on a show for shoppers and non-shoppers alike. (Photo by jhencolors/ Flickr)
August 31st, 2017 - 12:01 GMT

Retailers Rejoice as GCC Visitors Flock to Istanbul for Eid Al-Adha Shopping

Chinese President Xi Jinping (R) welcomes visiting Saudi King Salman in Beijing on March 16, 2017. (AFP)
August 31st, 2017 - 11:41 GMT

China's ICBC in Talks With GCC Governments, Firms on Yuan Bonds

Damage is seen in the aftermath of Hurricane Harvey in Katy, Texas, on August 26, 2017. (AFP)
August 31st, 2017 - 11:22 GMT

Hurricane Harvey Shuts Down Largest US Oil Refinery, Owned by Saudi Arabia

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