Mastercard Extends Partnership with Esports World Cup 2025
The 2025 Esports World Cup will host 25 tournaments across 24 game titles, bringing together over 2,000 elite players and 200 Clubs from more than 100 countries. With a record-breaking prize pool of over $70 million, the event will offer fans a comprehensive entertainment experience, from high-stakes competition and live music to anime cafés, retro arcades, cosplay showcases, and more, cementing Riyadh's position as a global esports and entertainment hub.
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- Al Bawaba
LG Unveils Latest Oled Evo and Qned Evo Tv in the Gulf, Redefining Home Entertainment Standards
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Al Bawaba
2 hours ago
- Al Bawaba
Dubai and Abu Dhabi Markets Close in on Record Highs Despite Trade Jitters
Global markets have shown impressive resilience in 2025 despite escalating trade tensions and shifting tariff deadlines. The latest move by U.S. President Donald Trump to postpone the implementation of reciprocal tariffs to August 1 has extended the window for potential negotiations, helping calm short-term investor continued geopolitical uncertainty, the S&P 500 has surged over 25% since its April low, recently hitting a new all-time high for 2025. This rally, now considered one of the strongest in recent memory, is being partly attributed to a market phenomenon informally dubbed "TACO" – Trump Always Chickens Out – which reflects investor belief that the White House may ultimately soften its trade stance.'All-time highs tend to make investors nervous, but history shows they are often followed by continued strength,' said an analyst at eToro. 'A recent study from BNY revealed that since 1950, the S&P 500 has delivered solid 1, 3, and 5-year returns from a new all-time high. Investors who remain on the sidelines may miss out on significant long-term gains.'Still, caution is warranted. The upcoming tariff deadline could reignite market volatility, particularly if negotiations break down or new tariffs exacerbate inflationary pressures in the Markets Outperform on Strong FundamentalsCloser to home, UAE markets have continued their strong performance, largely unshaken by global trade headwinds. The Dubai Financial Market (DFM) recently hit a 17-year high following three consecutive weeks of gains, with Union Properties and Emirates NBD among the top performers. Meanwhile, the Abu Dhabi Securities Exchange (ADX) is nearing its own record factors such as robust local economic fundamentals and higher oil prices have contributed to the region's strength. As global investors seek stability, the UAE is increasingly seen as a relative safe haven.'The local market's momentum reflects confidence in the UAE's economic outlook,' the eToro analyst added. 'However, investors should remain vigilant. Any escalation in U.S. trade actions could have ripple effects, even in markets that have so far been insulated.' With the August 1 tariff deadline approaching, markets are expected to respond quickly to any major headlines related to trade negotiations. While the outlook remains broadly positive, global developments could still test the UAE's market resilience in the weeks ahead.
Al Bawaba
3 hours ago
- Al Bawaba
Dubai T100 Triathlon Weekend Set to Be ‘bigger and Better' in 2025
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