It is expected that the world’s 2.7 billion gamers will spend $159.3bn on games this year and the market will surpass $187.8bn in next two years. Getty
It is expected that the world’s 2.7 billion gamers will spend $159.3bn on games this year and the market will surpass $187.8bn in next two years. Getty
It is expected that the world’s 2.7 billion gamers will spend $159.3bn on games this year and the market will surpass $187.8bn in next two years. Getty
It is expected that the world’s 2.7 billion gamers will spend $159.3bn on games this year and the market will surpass $187.8bn in next two years. Getty

Middle East among the fastest growing gaming markets in the world


Alkesh Sharma
  • English
  • Arabic

The Middle East region is one of the fastest-growing gaming markets in the world and the industry offers bright prospects for software designers and equipment makers, according to a new whitepaper.

The regional industry has evolved from casual gaming to virtual reality games, e-sports and competitive knockouts that involve contestants from throughout the world, the paper titled Gaming and Esports: The Next Generation by online market research company YouGov found.

"This highly engaged gaming audience in the region presents a huge opportunity for game developers and console manufacturers … e-sports industry in Mena [Middle East and North Africa] is likely to witness a boom in the future," the paper, which was published on Monday, said.

The growth is being propelled by the region's young and fast-growing population of active gamers, as well as a deep penetration of smartphones and the internet, it added, without disclosing a dollar value for the industry.

For an important sub-section of players, watching video games online has become as much of a pastime as gaming itself, with high engagement rates on platforms such as Twitch, YouTube Gaming and Facebook Gaming. The UAE and Saudi Arabia, the Arab world’s largest economies, rank among the top 10 global markets for YouTube Gaming, in terms of awareness and engagement, according to YouGov’s survey.

The survey was conducted in September and involved nearly 24,000 respondents in 24 markets including the UAE, Saudi Arabia, Iraq, Egypt, China, the US, India, Germany, the UK, Australia, Singapore, Sweden, Thailand, Spain, France and Italy.

The gaming industry – split into mobile games, e-sports streaming, console purchases and more – is currently the most profitable form of entertainment in the world.

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Worldwide, the industry is worth $148.8 billion, while the market in the Middle East and Africa is valued at about $4.8bn, accounting for just 3 per cent of the global total, according to a study published late last year by market research firm Newzoo.

Egypt, the region’s most populous country, has the highest proportion of gamers at 68 per cent, followed by the UAE (65 per cent) and Saudi Arabia (61 per cent).

In the Mena region, mobile gamers – playing on a smartphone or tablet – outnumber PC or console gamers.

In Egypt, just 14 per cent play on consoles, compared to 58 per cent who use a smartphone or a tablet. In the UAE, 21 per cent play on consoles, 28 per cent on PCs and 57 per cent on mobiles. In Saudi Arabia, 20 per cent play on consoles, 22 per cent on PCs and 52 per cent on mobiles.

A majority of smartphone gamers in the UAE (79 per cent), Saudi Arabia (76 per cent) and Egypt (73 per cent) are light-to-regular players, playing for up to 10 hours a week, YouGov said.

Consumer appetite for gaming rose rapidly in 2020 with the creation of new platforms such as Apple's Arcade and Google's Stadia. Movement restrictions due to the Covid-19 pandemic also propelled users’ interest, industry experts said.

“This year the global video gaming industry has captured the attention of brands, marketers and investors on a large scale,” said Nicole Pike, global sector head of e-sports and gaming at YouGov.

Games by international developers have the lion’s share of the Gulf market. The top mobile games played in the region include PUBG, Intikam Al Salatin, Fortnite and Rise of Kingdoms.

Regional players such as Beirut-based gaming studio Falafel Games and Amman-based Arabic mobile games publisher Tamatem have started to gain traction by developing culturally-relevant content.

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This rip-off of Leiber/Stoller’s early rock stomper brought a lawsuit against Phillips and necessitated Presley’s premature sale to RCA.

Elvis Presley, Mystery Train (1955)

The B-side of Presley’s final single for Sun bops with a drummer-less groove.

Johnny Cash and the Tennessee Two, Folsom Prison Blues (1955)

Originally recorded for Sun, Cash’s signature tune was performed for inmates of the titular prison 13 years later.

Carl Perkins, Blue Suede Shoes (1956)

Within a month of Sun’s February release Elvis had his version out on RCA.

Roy Orbison, Ooby Dooby (1956)

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Jerry Lee Lewis, Great Balls of Fire (1957)

Lee’s trademark anthem is one of the era’s best-remembered – and best-selling – songs.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers

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2004 - Rahul Dravid (IND) ; 2005 - Jacques Kallis (SA) and Andrew Flintoff (ENG); 2006 - Ricky Ponting (AUS); 2007 - Ricky Ponting; 2008 - Shivnarine Chanderpaul (WI); 2009 - Mitchell Johnson (AUS); 2010 - Sachin Tendulkar (IND); 2011 - Jonathan Trott (ENG); 2012 - Kumar Sangakkara (SL); 2013 - Michael Clarke (AUS); 2014 - Mitchell Johnson; 2015 - Steve Smith (AUS); 2016 - Ravichandran Ashwin (IND); 2017 - Virat Kohli (IND); 2018 - Virat Kohli; 2019 - Ben Stokes (ENG); 2021 - Shaheen Afridi

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Unlike other mobile wallets and payment apps, a unique feature of eWallet is that there is no need to have a bank account, credit or debit card to do digital payments.

Customers only need a valid Emirates ID and a working UAE mobile number to register for eWallet account.

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Tightening the screw on rogue recruiters

The UAE overhauled the procedure to recruit housemaids and domestic workers with a law in 2017 to protect low-income labour from being exploited.

 Only recruitment companies authorised by the government are permitted as part of Tadbeer, a network of labour ministry-regulated centres.

A contract must be drawn up for domestic workers, the wages and job offer clearly stating the nature of work.

The contract stating the wages, work entailed and accommodation must be sent to the employee in their home country before they depart for the UAE.

The contract will be signed by the employer and employee when the domestic worker arrives in the UAE.

Only recruitment agencies registered with the ministry can undertake recruitment and employment applications for domestic workers.

Penalties for illegal recruitment in the UAE include fines of up to Dh100,000 and imprisonment

But agents not authorised by the government sidestep the law by illegally getting women into the country on visit visas.

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