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It’s another mixed bag for Saudi Arabia in the foreign press, with coverage of PIF-backed Nintendo’s share rally, a report on Kingdom’s digitization efforts, Saudi’s bid to rejoin the UN Human Rights Council all making the rounds.
PIF-backed Nintendo shares rose 4.4% on Monday after reports that the Public Investment Fund (PIF) is considering raising its stake in the gaming company, according to CNBC. The fund also holds stakes in Japanese gaming firms Koei Tecmo, Nexon, and Capcom, and it is exploring further investments in Japan’s video gaming sector as it looks to localize the industry. PIF currently owns 8.58% of Nintendo.
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MEANWHILE- CNN is out with a report looking at how Saudi Arabia is trying to leverage digitization, particularly AI, to power its economic growth. The report features interviews with Aramco Digital Tareq Amin, Saudi Data & AI Authority’s Chief Strategy Officer Abdullah Sulaiman Alkhodairi, and the Secretary General of the Digital Cooperation Organization Deema Alyahya.
AND- Saudi Arabia’s bid for a seat on the UN Human Rights Council is drawing international attention ahead of tomorrow’s vote, after losing it in 2020.
