Middle East Business Recap: Esports, Property Ownership, and Cryptocurrency Innovations
By Yara Enany, CNN Business
Published: July 11, 2025
The Middle East continues to make significant strides across various industries, with notable developments in esports, real estate, and financial technology. This week’s business headlines highlight Saudi Arabia’s growing influence in the esports arena, upcoming reforms in property laws, and Emirates airline’s pioneering move to integrate cryptocurrency into its payment systems.
Saudi Arabia Hosts Esports World Cup with $70 Million Prize Pool
Saudi Arabia recently hosted the prestigious Esports World Cup, marking a major milestone in the Kingdom’s commitment to establishing itself as a global gaming hub. The tournament featured some of the world’s top professional gamers competing for a staggering $70 million prize pool, one of the largest in esports history.
This event not only showcases the region’s enthusiasm for competitive gaming but also reflects broader efforts by Saudi authorities to diversify the economy and invest heavily in digital entertainment and youth-oriented sectors. The successful hosting of such a high-profile competition has further cemented Saudi Arabia’s position on the international esports stage.
Kingdom to Open Property Ownership to Foreigners in 2026
In a landmark move aimed at boosting foreign investment and stimulating economic growth, Saudi Arabia announced plans to allow foreigners to own property within the Kingdom starting in 2026. This policy shift is expected to attract international investors, expatriates, and property developers, opening the door to new opportunities in the real estate market.
Experts anticipate that this reform will drive increased activity in residential and commercial property sectors, enhancing the Kingdom’s attractiveness as a destination for long-term investment. The decision aligns with Saudi Arabia’s Vision 2030 initiative, which seeks to modernize the economy and promote greater openness to global commerce.
Emirates Airline Introduces Cryptocurrency Payments for Flights
In a groundbreaking development, Emirates airline announced it will begin accepting cryptocurrency as a payment option for flight tickets and related services. This move aligns with a growing trend among global companies embracing digital currencies as part of their financial strategies.
By integrating crypto payments, Emirates aims to enhance convenience for tech-savvy travelers and position itself at the forefront of innovation within the aviation industry. The airline’s adoption of cryptocurrencies is expected to pave the way for broader adoption across the Middle East’s transportation and tourism sectors, promoting financial inclusion and leveraging blockchain technology.
These developments highlight the dynamic economic landscape in the Middle East, reflecting a blend of tradition and modernity. From esports arenas to real estate reforms and cutting-edge financial technology, the region continues to evolve rapidly, attracting global attention and investment.
Stay tuned for more updates on how the Middle East is shaping the future of business and innovation.
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