Dashboard
LoginSign Up

Financial News

en_prnasisa62d ago

Yalla Group Announces Partnership with Saudi Esports Federation to Drive Growth of Local Esports Ecosystem

Appointment as Official Event Partner of Saudi eLeague 2026 Collaboration to drive the development of the Women's Saudi eLeague and encourage greater female participation in esports Joint talent development initiative supports inclusive growth of Saudi Arabia's national esports ecosystem DUBAI, UAE, Feb. 2, 2026 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the largest Middle East and North Africa (MENA)-based online social networking and gaming company, today announced a strategic partnership with the Saudi Esports Federation ("SEF") to drive the continued expansion of Saudi Arabia's national esports ecosystem, broaden opportunities for local talent, and promote greater inclusivity in competitive gaming. The partnership represents a key element of Yalla's strategy to deepen engagement in Saudi Arabia, one of the region's most important growth markets. Supporting the aims of Vision 2030 and the National Gaming and Esports Strategy, SEF and Yalla Group signed two Memoranda of Understanding (MoUs) to further develop esports within the Kingdom and establish new pathways for aspiring talent to develop key skills and experience. Under the partnership agreements, Yalla has been appointed Official Event Partner of the Saudi eLeague (SEL) 2026, the Kingdom's premier national esports competition. Support for the Women's Saudi eLeague will be a key focus of the partnership, aligning with Yalla's dedication to promote inclusion, community development and broader participation in digital entertainment. By cultivating female talent and establishing structured pathways for women's participation in competitive esports, Yalla aims to contribute to the growth and vitality of Saudi Arabia's gaming sector. In addition, Yalla will launch a talent development program in collaboration with the SEF's Saudi Esports Academy, designed to foster local esports talent through training, mentorship, and competitive experience. The initiative aims to strengthen foundational talent pipelines and improve the long-term competitiveness of Saudi Arabia's esports ecosystem. Saifi Ismail, President of Yalla Group, said, "This partnership marks an important step in our engagement with Saudi Arabia's esports sector. By supporting both national competitions and talent development, we are proud to contribute to the sustainable growth of the Kingdom's gaming ecosystem." "Partnering with a MENA leader like Yalla Group brings valuable regional expertise to the Saudi eLeague," said Ibrahim Alsheddi, Chief Shared Services Officer at the Saudi Esports Federation. "This collaboration is crucial for amplifying the league's prestige and ensuring it delivers a world-class experience for players and fans." Yalla believes this partnership positions the Company to propel growth and progress across Saudi Arabia's gaming and esports industry while delivering long-term value through disciplined market development and increased impacts in the region. About Yalla Group Limited Yalla Group Limited is the largest MENA-based online social networking and gaming company, in terms of revenues in 2022. The Company operates two flagship mobile applications, Yalla, a voice-centric group chat platform, and Yalla Ludo, a casual gaming application featuring online versions of board games, popular in MENA, with in-game voice chat and localized Majlis functionality. Building on the success of Yalla and Yalla Ludo, the Company continues to add engaging new content, creating a regionally-focused, integrated ecosystem dedicated to fulfilling MENA users' evolving online social networking and gaming needs. Through its holding subsidiary, Yalla Game Limited, the Company has expanded its capabilities in mid-core and hard-core games in the MENA region, leveraging its local expertise to bring innovative gaming content to its users. In addition, the growing Yalla ecosystem includes YallaChat, an IM product tailored for Arabic users, WeMuslim, a product that supports Arabic users in observing their customs, and casual games such as Yalla Baloot and 101 Okey Yalla, developed to sustain vibrant local gaming communities in MENA. Yalla is also actively exploring outside of MENA with Yalla Parchis, a Ludo game designed for the South American markets. Yalla's mobile applications deliver a seamless experience that fosters a sense of loyalty and belonging, establishing highly devoted and engaged user communities through close attention to detail and localized appeal that profoundly resonates with users. For more information, please visit: https://ir.yalla.com. About Saudi Esports Federation The Saudi Esports Federation is the regulating body in charge of nurturing elite gaming athletes and developing the gaming community and industry in Saudi Arabia. The Federation's activities are categorized into two complementary streams. The first stream works to develop all levels of competitive gamers, starting with the grassroots community level and moving up to professional esports athletes that can achieve global excellence. The second stream works to develop the entire gaming/esports value chain by catalyzing the industry and enabling talent. Since its establishment in late 2017, the federation has organized multiple world-class national and international tournaments and events, attracted investment from local private sector actors and worked with international developers on opportunities in the Saudi market. Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Statements that are not historical facts, including statements about Yalla Group Limited's beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Yalla Group Limited's filings with the SEC. All information provided in this press release is as of the date of this press release, and Yalla Group Limited does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: Yalla Group LimitedInvestor RelationsKerry Gao - IR DirectorTel: +86-571-8980-7962Email: ir@yalla.com Piacente Financial CommunicationsJenny CaiTel: +86-10-6508-0677Email: yalla@tpg-ir.com In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050Email: yalla@tpg-ir.com

#TECH
google62d ago

Philips launches ENVIA 27M2N5500XD as the first-ever 1000Hz gaming display - DLCompare.com

Philips launches ENVIA 27M2N5500XD as the first-ever 1000Hz gaming display DLCompare.comPhilips presents the EVNIA 27M2N5500XD monitor, capable of reaching 1000 Hz Instant Gaming NewsPhilips Launches 500 Hz Gaming Monitor That Hits 1,000 Hz at Lower Resolution GizmochinaPhilips intros ENVIA 27M25500XD: claims the world's first 1000Hz gaming monitor spot TweakTownTrue 1000Hz Powerhouse: PHILIPS EVNIA Unleashes the World's First 1000Hz Dual-Mode Gaming Monitor 27M2N5500XD Plataforma Media

#TECH
TVS Patents New Stunt Bike Design, Will Be Called The RTR HyprStunt
timesnownews62d ago

TVS Patents New Stunt Bike Design, Will Be Called The RTR HyprStunt

If stunt bikes excite you, then here's a quick look at the latest design patent filed by TVS Motor Company. Showcased earlier at EICMA 2025, the TVS RTR HyprStunt will be a ready-to-stunt bike from the factory floor itself. Find out more details here.

#TECH
Secrets from 7 tech and career experts on how to get hired in 2026
mashable_me62d ago

Secrets from 7 tech and career experts on how to get hired in 2026

Looking for a job in the age of layoffs and AI? These tech and employment professionals can help.Over 1,000 Meta employees started off 2026 on a bleak note — they were laid off in mid-January from Reality Labs, the company's Virtual Reality (VR)-focused division. The public's unenthusiastic response to the Metaverse may have ultimately doomed these positions, but the threat of job loss feels acute ...

#TECH
Olive House / Margine
archdaily62d ago

Olive House / Margine

In the heart of the Salento region countryside, in an area known for oil production and sheep rearing, Margine completes "Casa Ulìa" (Olive House in Salento dialect) a Mediterranean-style detached residence designed for a young couple – he a building contractor and she a professor – who wanted an oasis of peace, equipped with all comforts, just a few kilometers from Lecce.

#TECH
Decoding the Cyprus tax reform
in_cyprus62d ago

Decoding the Cyprus tax reform

By Panayiotis Iona* Cyprus entered 2026 with a far-reaching tax reform affecting almost all areas of taxation, with the notable exception of VAT. Although I am primarily a VAT consultant, I believe this reform carries several important underlying messages that deserve to be communicated more clearly and more forcefully to the public. Among other measures, [...]

#STOCKS
Top news catalysts for FTSE 100 and FTSE 250 Indices this week
invezz62d ago

Top news catalysts for FTSE 100 and FTSE 250 Indices this week

The FTSE 100 and FTSE 250 Indices remained in a tight range on Monday as market participants waited for major macro events and earnings from British companies. This article explores some of the top catalysts to watch this week. FTSE 100 and FTSE 250 indices to react to Bank of England interest rate decision One [...]

#STOCKS#COMMODITIES
$4.02 trillion wiped out today and $10 trillion erased in 3 days from gold and silver's market cap? Here's complete truth, analysts insights and what should investors do now
economictimes_indiatimes62d ago

$4.02 trillion wiped out today and $10 trillion erased in 3 days from gold and silver's market cap? Here's complete truth, analysts insights and what should investors do now

$4.02 trillion wiped out today and $10 trillion erased in 3 days from gold and silver's market cap? Gold fell below $4,500 and silver dropped under $72 in the last few days. Selling pressure, ETF outflows, China flows, and US policy signals triggered sharp losses across precious metals markets.

#COMMODITIES
Win Advisors Inc. Takes Position in iShares MSCI USA Min Vol Factor ETF $USMV
americanbankingnews62d ago

Win Advisors Inc. Takes Position in iShares MSCI USA Min Vol Factor ETF $USMV

Win Advisors Inc. bought a new position in shares of iShares MSCI USA Min Vol Factor ETF (BATS:USMV – Free Report) during the third quarter, HoldingsChannel reports. The institutional investor bought 9,450 shares of the company’s stock, valued at approximately $899,000. A number of other large investors have also recently modified their holdings of USMV. [...]

#STOCKS