Latest from Makkah Newspaper
Makkah Newspaper
2 days ago
- Business
- Makkah Newspaper
Rocket Lab Leading a Revolution in the Space Industry
Dear reader, the space industry is one of the most exciting and challenging fields in the world, requiring massive technological innovations and advanced research to make progress. Among the companies making significant strides in changing the space industry, "Rocket Lab" stands out as one of the key players. The company is contributing not only through modern space launch technologies but also through a strategic vision that aims to make space more accessible and scalable (The End-To-End Space Company). Founded in New Zealand in 2006 by engineer Peter Beck, Rocket Lab was driven by a deep passion for developing space technology and reducing the high costs of rocket launches. With this vision, the company succeeded in developing innovative solutions that made satellite launches easier and more cost-effective. Rocket Lab began its journey in space launches with small-sized rockets, which opened the door for smaller companies and even countries with limited budgets to access space. This was a significant departure from the larger companies that had dominated the broader space launch market, allowing Rocket Lab to fill a large gap in this sector. One of Rocket Lab's most notable innovations is the "Electron" rocket, a small rocket specifically designed for launching small satellites. This rocket is known for its high efficiency and cost-effectiveness, proving its ability to provide a reliable and affordable solution in the space launch market. The Electron rocket can carry payloads of up to 300 kilograms into low Earth orbit, a crucial feature for companies developing small satellites or conducting space research. Thanks to its unique design and continuous innovations, Rocket Lab has become one of the leading players in this field. Rocket Lab's contribution to the space industry doesn't stop with the Electron rocket. The company is also working towards making space more sustainable by enhancing its ability to reuse rockets. This is an important step towards reducing the environmental and financial costs associated with rocket launches. Rocket Lab's future plans include the development of fully reusable rockets, which could significantly reduce costs in the long term. This would expand the accessibility to space and strengthen its competitive position in the industry. In addition to its innovative rocket solutions, Rocket Lab is also advancing new technologies in the satellite sector. In recent years, the company has started launching a range of satellites aimed at various applications in industries such as communications, weather, and Earth observation. Thus, Rocket Lab's vision isn't limited to launching rockets; it's focused on creating a comprehensive solution by providing everything that companies and organizations need to access space. For example, in the future, Rocket Lab could become a primary supplier of satellites that improve communication infrastructure, provide accurate environmental data, or even develop space projects related to mineral and energy exploration. Along with its technological innovations, Rocket Lab continues to build strategic relationships with major space companies, further enhancing its market presence. For instance, the company has announced collaborations with NASA to carry out several space missions, including launching satellites and testing new technologies. This collaboration signals Rocket Lab's growing status as a trusted partner for key industry players, providing it with an opportunity to further develop its technologies and tools. Rocket Lab aims to maintain its leadership in the space industry by expanding its operations. The company is currently developing new rockets like the "Neutron" rocket, a larger and more powerful rocket that will enable Rocket Lab to enter the heavy-lift space launch market. This move will enhance its ability to compete with major companies such as SpaceX and Blue Origin. Rocket Lab will continue working towards its ambitious goal of making space more accessible and developing sustainable technology, which will have a positive impact on the long-term growth of the space sector. Dear reader, Rocket Lab is a strong competitor to SpaceX in the rocket launch sector, despite the differences in the scale of the projects each company handles. While SpaceX focuses on launching heavy rockets and carrying large payloads to space, Rocket Lab provides an innovative, cost-effective solution for small satellites and light payloads. Finally, Rocket Lab is quickly establishing itself as a one-stop space company, offering comprehensive solutions for all stages of space missions. From designing and launching small satellites with its Electron rocket to developing reusable rocket technology and expanding into satellite manufacturing, the company provides end-to-end services for businesses and governments looking to enter space. This integrated approach makes Rocket Lab a unique and reliable partner for space exploration and innovation.
Makkah Newspaper
5 days ago
- Makkah Newspaper
Aseer and Taif Offer Perfect Weather Conditions for Unforgettable Outdoor Adventures
As summer temperatures soar across the Kingdom, Aseer and Taif emerge as ideal destinations offering perfect weather conditions for outdoor enthusiasts seeking refreshing mountain escapes and memorable family experiences. Both regions are currently enjoying exceptional weather, with Aseer's moderate summer breezes and Taif's naturally cool mountain climate creating ideal conditions for outdoor activities. The pleasant temperatures and clear skies provide the perfect setting for exploration and adventure. In Aseer, visitors can immerse themselves in the rich cultural experience of Almuftaha Village, where art exhibitions, handicrafts, and local cuisine blend seamlessly with the mild Abha breezes. Adventure seekers can explore the Plateau Event – a seasonal family experience that blends entertainment, culture, and Saudi hospitality in a refreshing summer atmosphere. Nature lovers will find tranquility at Liwan Farm, while Sky Village offers thrilling mountain activities perfect for families and friends. The spectacular Al Habala Park beckons with breathtaking views, cable car rides, waterfalls, and family-friendly events including camping, while Sky Village provides an ideal mountain setting for group adventures with its food trucks and vibrant atmosphere, making it the perfect destination for morning and evening relaxation. Taif complements these offerings with Arruddaf Park, where visitors enjoy pristine nature, fresh air, live music, and interactive fountains amid stunning landscapes. The famous rose factories invite guests to experience the fragrant essence of Taif roses and discover local products, while the renowned Al Shafa Mountain provides cool summer temperatures and enchanting panoramic views. Adding to the appeal, visitors can take advantage of sizzling promotional offers throughout both destinations, including exclusive discounts and exciting prizes that make these mountain getaways even more attractive for budget-conscious families and adventure-seeking youth. Families and young adventurers are encouraged to seize this exceptional weather to create lasting memories in these magnificent mountain destinations. The combination of perfect climate conditions and diverse outdoor offerings makes this the ideal time to experience the natural beauty and cultural richness of Aseer and Taif. For more,
Makkah Newspaper
6 days ago
- Business
- Makkah Newspaper
Gulf investments: A sovereign right impervious to critices
Do critics have the right to question the Gulf states' investments in thriving global economies? What truly drives these criticisms? The complex interplay of economic and political dynamics reveals a clear truth: such critiques often lack objective grounding, rooted instead in dubious political or ideological motives, tinged with envy and resentment toward the Gulf's remarkable achievements. Statistics and historical data confirm that, since their founding, Gulf states have pursued a balanced strategy for managing their wealth. They blend domestic development, generous foreign aid, and strategic investments in stable, advanced economies. This thoughtful approach has proven successful over decades, enabling Gulf states to preserve and grow their wealth for future generations while setting a global standard for generosity and support for those in need. An unbiased observer can see that critics who brand Gulf investments in robust global economies as 'plunder' or 'waste' often hail from corrupt authoritarian regimes, terror groups, or factions pushing extremist ideologies hostile to prosperity and stability. These detractors deliberately ignore the Gulf states' sovereign right to manage their wealth and investments in line with their national interests. History clearly documents the Gulf's generosity, with hundreds of billions of dollars in aid extended to Arab, Islamic, and developing countries over decades. For example, Saudi Arabia's aid from 1975 to 2024 totaledapproximately 498.54 billion riyals (132.94 billion USD). From 1976 to 1987, its international development aid reached 49 billion USD, second only to the United States. The United Arab Emirates, meanwhile, has consistently surpassed the United Nations' goal of allocating 0.7% of gross national income to official development assistance, reaching 1.17% in 2014. In several years, the UAE exceeded this target, earning acclaim in reports from the OECD's Development Assistance Committee as the top donor relative to its economy's size. The UAE's deep commitment to humanitarian and developmental responsibilities has been driven by a vision that sees fostering progress in developing countries as a foundation for global stability, not just a diplomatic gesture. When viewed with clarity and fairness, it is evident that Gulf states have never leveraged their aid to exert political pressure or meddle in the affairs of recipient countries. Their assistance springs from genuine humanitarian, moral, and religious values, setting it apart from the often conditional aid of some major powers, which is typically tied to political or economic agendas. The Gulf's decision to channel financial surpluses into strong global economies, notably the United States, is not impulsive but a carefully crafted strategy grounded in a deep understanding of global markets and the need for secure, profitable investments. The U.S. economy, accounting for over 40% of global investments, is a natural choice for countries with surplus funds aiming to maximize returns while minimizing risks. Its vast scale, relative stability, and diverse sectors offer a safe and dynamic investment, unlike the volatility of emerging or unstable markets. Gulf investments in the U.S. serve not only economic purposes but also strategic ones, safeguarding political and security interests. Given their geopolitical position and oil wealth, Gulf states face complex security and political challenges, requiring powerful allies to provide protection and support against regional threats. Investments in economies like the U.S. strengthen strategic partnerships, creating shared interests that bolster regional stability and security. Advanced economies attract Gulf investments due to their political and economic stability, robust legal frameworks, diverse opportunities, technological innovation, and ease of market entry and exit. Calling Gulf investments in thriving global economies 'plunder' is a misguided and misleading label, betraying a lack of understanding of global economic dynamics and international investment principles. Investment is a mutually beneficial exchange, not exploitation. Gulf states gain financial returns and strategic benefits, while host economies benefit from capital inflows that fund projects, create jobs, and fuel economic growth. Since their inception, Gulf states have embraced a governance model built on wisdom, transparency, and long-term planning. Recognizing the finite nature of oil wealth, they understood early on that over-reliance on it threatens future generations. Their strategy hinges on three pillars: domestic development, foreign aid, and global market investments. Openness and coexistence define Gulf societies, setting them apart from those under authoritarian regimes or extremist influence. These states have fostered inclusive, tolerant communities where diverse cultures, religions, and ethnicities thrive in mutual respect and cooperation. Millions of expatriates from around the world live and work in the Gulf with freedom and dignity, practicing their religious and cultural traditions without restriction or harassment. To be sure, Gulf investments in strong global economies come from a place of prudent wealth management and a forward-thinking vision to ensure a prosperous, sustainable future for generations to come. Critics who challenge these investments lack credible evidence or rigorous economic analysis, driven instead by questionable political and ideological motives, revealing envy and resentment toward the Gulf region's success in wisely stewarding its wealth and investments.
Makkah Newspaper
12-06-2025
- Business
- Makkah Newspaper
Esports World Cup Foundation Announces 40 Clubs Selected for Its $20 Million Club Partner Program, Uniting over 300 Million Esports Fans Worldwide
The Esports World Cup Foundation (EWCF) today announced the top 40 esports Clubs that have been accepted into the EWCF Club Partner Program, an industry-leading initiative designed to promote the sustainable growth of esports organizations. The $20 million program offers participating Clubs up to $1 million in funding to expand their brand and grow their global audience through innovative content and marketing campaigns leading up to and throughout the Esports World Cup Since 2023, the EWCF has supported esports Clubs with a carefully aligned funding model that contributes to the Club Partner Program members' financial stability and brand growth. To achieve this, the 2025 Program will focus on fueling global fan growth across all borders and games through impactful storytelling and creative campaigns. Leveraging EWCF support, the 40 Partner Clubs, reaching over 300 million fans, will drive global growth by creating compelling experiences and content that deepen their connection with fans Embargo until 17.03.25, 2pm CET worldwide, including behind-the-scenes production, player documentaries, and live fan experiences that excite their communities. The 2025 program offers modular funding for campaigns that engage fans, tell EWC-related stories, and enable Club-driven innovation. 'The EWCF Club Partner Program is a cornerstone of our mission to build a sustainable future for esports Clubs worldwide while creating opportunities for organizations from some of the world's fastest-growing markets' , said Faisal Bin Homran, Chief Product Officer at the Esports World Cup Foundation. "This year's 40 partnered Clubs represent a diverse and dynamic cross-section of global esports, spanning legacy organizations, rising stars and global powerhouses that collectively define the rich history and the rapidly evolving future of the industry. By investing in their growth, the program will enable Clubs to expand their audience and reach, strengthen their brands, and gain greater visibility through fan-first content, shaping the future of esports as a global sport and mainstream entertainment." With this year's focus on high-growth regions, the 2025 EWCF Club Partner Program represents a truly global roster, including six Clubs from China, alongside additions from rapidly expanding markets like Japan, India, and LATAM. The full lineup of Clubs, in alphabetic order: 100 Thieves, All Gamers, Bilibili Gaming, Cloud9, Edward Gaming, EVOS, FaZe Clan, Fnatic, FURIA, G2 Esports, Gaimin Gladiators, Gen.G, Gentle Mates, HEROIC, JD Gaming, Karmine Corp., Movistar KOI, LEVIATAN, LOUD, MOUZ, NAVI, NIP .eStar, ONIC, POWR, REJECT, S8UL, Sentinels, T1, Team BDS, Team Falcons, Team Liquid, Team RRQ, Team Secret, Team Spirit, Team Vitality, Twisted Minds, Weibo Gaming, Wolves Esports, ZETA DIVISION. The 2025 Club Program applications in China were supported by Tencent E-Sports, who have facilitated the process for 20 Clubs that have applied. Six Clubs were selected, including All Gamers, Bilibili Gaming, Edward Gaming, JD Gaming, Weibo Gaming, and Wolves Esports—China's most dominant teams, engaging over 125 million Chinese fans through gaming, entertainment, and lifestyle content. Additionally, eStar, as part of NIP , has also been added to the lineup, further serving the expansion of the Club Partner Program in China and activating Chinese fans. All Clubs were selected through a rigorous evaluation process that reviewed nearly 200 applications. This included assessing their competitive track record in the Club Championship in 2024, their potential across multiple games, social media presence, fan engagement, and their strategic plans for activating their global esports audience. Eight Clubs received direct invitations based on their EWC 2024 Club Championship ranking, while the remaining spots were allocated through an open application process. Nineteen Clubs joined for the first time, and 21 returned from the inaugural year. 'Esports is evolving faster than ever, and the EWCF Club Partner Program is driving that evolution by giving Clubs the tools to grow, engage fans, and compete at the highest level, " said Fabien "Neo" Devide, Chairman and co-founder of Team Vitality. "EWC 2024 was a defining moment for us—winning points in five games, two podium finishes, and securing a top-four finish at the Club Championship. The scale and energy of the event proved just how influential esports has become. We're proud to be part of the program again, fueled by the enthusiasm of French fans who continue to support and inspire us as we look to elevate our game, win as many tournaments as possible, and carry Team Vitality's colours high on the biggest stage in esports.' Embargo until 17.03.25, 2pm CET 'As one of the fastest growing esports organizations in North America, we are delighted to join the EWCF Club Partner Program, ' said Rob Moore, CEO of Sentinels. 'Continuing the momentum of our success in 2024, including a major win in VALORANT and significant growth across our social channels reaching millions of fans in North America and beyond, the addition of VALORANT to the Esports World Cup is the perfect time for us to become an official partner and deliver new and exciting content to an even wider audience.' "Since Day One, All Gamers has chased esports glory—pushing non-stop for over 20 years. With years of hard work from our teams, we've scored big wins in top games and trained legends in the scene, " said Le Kedeng, Chairman of All Gamers. "Competing at the 2024 EWC against the world's best, that fire burns bright. Now joining EWCF's Club Partner Program, here's our hope: When fans worldwide see Chinese esports through AG, they won't just recall epic comebacks, but our crew's unstoppable spirit—cutting through challenges like a blade. That combination of grit and grace—that's China's gift to the global esports race." Membership in the EWCF Club Partner Program is subject to annual renewal in line with the Program's requirements, reflecting the dynamic nature of the esports industry. A Club's participation in the program does not guarantee a spot at the Esports World Cup 2025. All Clubs are required to qualify through official qualification pathways to earn their spot in each game's EWC tournament. The Esports World Cup 2025 will once again unite gaming and esports communities in Riyadh, Saudi Arabia, for a global competition that will crown the next Esports World Cup Champion. The tournament's unique cross-game format will reward participating Clubs and players competing for a life-changing prize pool across a mix of platforms and genres, bringing together esports' best teams, players and games under one banner in the largest-ever celebration of esports. To learn more about the EWC Club Partner Program, visit For more information about the Esports World Cup, visit and follow @EWC_EN on X. Follow the Esports World Cup Foundation on LinkedIn for the latest announcements about Esports World Cup 2025.
Makkah Newspaper
12-06-2025
- Entertainment
- Makkah Newspaper
Esports World Cup to Feature Record-Breaking Prize Pool ofMore Than $70 Million for 2025 Event
The Esports World Cup Foundation (EWCF) has today announced a record-breaking $70+ million prize pool for the upcoming Esports World Cup 2025 EWC), the world's largest esports event, set to return to Riyadh, Saudi Arabia, from July 7 through August 24. With the highest stakes in esports history, the $70+ million prize pool elevates EWC as one of the world's most prestigious sporting events and reinforces the EWCF's long-term commitment to the sustainable growth of the esports industry. The total prize pool is a $10 million increase from last summer's inaugural event, marking a significant step in the Esports World Cup Foundation's mission to create life-changing opportunities and provide sustainable career paths for competitive players and multidisciplinary esports Clubs.'The record-breaking $70+ million prize pool, along with our commitment to the Club Partner Program and our multi-year publisher agreements, is a privilege to announce and validation of our purpose to elevate the industry, by giving players, clubs, publishers and all other stakeholders the stability needed to invest for future success, ' said Ralf Reichert, CEO, Esports World Cup Foundation. 'While more than $70 million is an incredible, life-changing sum, it's always aligned with a long-term vision rather than short-term impact. It's not just to have more money at stake, but to create opportunities for everyone at every level of the ecosystem, and strengthen the industry for generations to come." With 25 tournaments in 24 games announced to date, including four new games—Chess, Crossfire, FATAL FURY: City of the Wolves and VALORANT—EWC 2025 will bring together more than 2,000 elite esports players and 200 top Clubs for the largest multi-game competition in history, with a life-changing prize pool rewarding more players and Clubs on the world's biggest stage. Tickets for EWC 2025 are now available to purchase at The EWC Club Championship, the innovative cross-game competitive format unique to the EWC, will award $27 million of the $70+ million total to the top 16 Clubs based on their overall performance, with $7 million allotted for the 2025 winner. After the Club Championship's $27 million allocation, the remainder of the total prize pool will be divided into three distribution categories: Game Championships, MVP Awards, and qualifiers on the Road to EWC. Each of the Game Championships will have its prize pool with a combined total exceeding $38 million. In addition, a $450,000 MVP Award pool will be allocated to standout participants across all competitions. More than $5 million will be awarded to the Road to EWC qualifiers, where teams and players compete for the remaining tournament spots through eligible events hosted by partnered publishers and organizers. The 2024 event attracted over 500 million online viewers and 2.6 million visitors to Riyadh's Boulevard City. At the inaugural EWC in 2024, Team Falcons captured the world's attention, running up the leaderboard with 10 top-three finishes, including three first-place placements, to earn 5,665 points and ultimately win the $7 million Club Championship title. North American Team Liquid finished in second place with 2,545 points and French Team BDS placed third with 2,000 points. 'Winning the Club Championship crown and $7 million at the inaugural Esports World Cup was a defining moment for Team Falcons, " said Mosaad Al-Dossary, CEO of Team Falcons. "The opportunity to compete in front of our home fans, where they made the arenas shake with every great play, motivated us like never before, and it was an honor to secure the victory for them. We've used the momentum and winnings from last year to build on our success and we look forward to continuing that legacy this summer.' 'Competing at the inaugural EWC contributed to one of the most successful competitive years in our 24-year history, securing a strong second-place finish in the EWC 2024 Club Championship, ' said Steve Arhancet, Co-CEO of Team Liquid. 'With our winnings, we expanded into new games like chess, strengthened our international presence in Southeast Asia, and supported philanthropic initiatives. The experience, momentum, and rosters we've built over the past year put us in the perfect position to claim the Championship crown at EWC 2025. We believe this to be our year. 'The full lineup of games for the EWC 2025 announced to date include, in alphabetical order: Apex Legends, Call of Duty: Black Ops 6, Call of Duty: Warzone, Chess, Counter-Strike 2, Crossfire, Dota 2, EA Sports FC 25, FATAL FURY: City of the Wolves, Free Fire, Honor of Kings, League of Legends, Mobile Legends Bang Bang, Overwatch 2, PUBG BATTLEGROUNDS, PUBG Mobile, Rainbow Six Siege X, Rennsport, Rocket League, Starcraft ||, Street Fighter 6, Teamfight Tactics, and VALORANT. Along with the increased prize pool, EWCF is expanding its support for the entire esports industry through a number of partnerships with other leagues and competitions. Recent agreements with the likes of Riot Games, Activision and Capcom will see the EWCF support external competitions with resources that further help the stability of esports circuits and the industry as a whole, while increasing the pathways for players to reach the Esports World Cup each year. The EWCF recently announced that 40 top Clubs joined its industry-leading EWCF Club Partner Program that will provide financial support for Clubs to expand their brand and global fanbase: 100 Thieves, All Gamers, Bilibili Gaming, Cloud9, Edward Gaming, EVOS, FaZe Clan, Fnatic, FURIA, G2 Esports, Gaimin Gladiators, Gen.G, Gentle Mates, HEROIC, JD Gaming, Karmine Corp., Movistar KOI, LEVIATAN, LOUD, MOUZ, NAVI, NIP .eStar, ONIC, POWR, REJECT, S8UL, Sentinels, T1, Team BDS, Team Falcons, Team Liquid, Team RRQ, Team Secret, Team Spirit, Team Vitality, Twisted Minds, Weibo Gaming, Wolves Esports, ZETA DIVISION. The Esports World Cup 2025 will once again unite gaming and esports communities in Riyadh, Saudi Arabia, for a global competition that will crown the next Esports World Cup Champion. The tournament's unique cross-game format will reward Clubs and players competing for a life-changing prize pool across a mix of platforms and genres, bringing together esports' best teams, players and games under one banner in the largest-ever celebration of esports. Additionally, the New Global Sport Conference, a premier event uniting global leaders in esports, gaming, sports, entertainment, and technology to shape the future of global sports, will return to Riyadh on August 23-24, 2025. The conference that bridges East and West to drive transformative global initiatives will see 1,500 industry leaders and decision-makers gather to collaborate on the growth and future of these dynamic industries. For more information, visit To learn more about EWC, visit and follow Esports World Cup Foundation on LinkedIn.
