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Esports company seeks to ride wave two years after IPO pop

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Investment opportunities in eSports and virtual gaming are on the rise, especially in Southeast Asia and Middle East and North Africa market regions, and companies such as Esports Technologies are looking to ride the wave.

Esports Technologies made the biggest splash of the IPO market for the year 2021 on the NASDAQ (EBET) when it made its debut with a jump in share value of 507% and eventually soared up to 700%.

According to a new market research report titled ‘Southeast Asian Gaming Market – (2023-2028)’ and released in March this year by Mordor Intelligence, the market is expected to register a Compound Annual Growth Rate of 16.2% with the onset of 5G technology. It marks a reverse trend after a little flat 2022 when revenues dipped slightly. Only the MENA and Latin America regions showed positive growth, according to a NewZoo report.

The rising popularity of various sports and investments in internet infrastructure are the primary factors driving the market’s enormous growth potential. Buying E-sports stocks online and their subsequent performance are the rage among America and South Asian investors with an incredible surge in both demand and price.

Since the IPO of Esports Technologies, it has been confirmed on the books as well above average opening. According to data from Jay Ritter, the average IPO pop from 1980 through 2020 was 18.4% in one day. In 2021, the average first day gain after an IPO was 16%. Using all common stock IPOs between 2000 and 2020, the positive average first-day IPO returns was 21.11 percent in one day.

While getting a direct exposure to the eSports theme is fairly limited, investors can target companies that generate significant revenue from video games and e-sports.

Competitive gaming events, conducted virtually at a professional level, are becoming big business. With its roots being in South Korea, Asia has led global eSports trends and growth for over the past 20 years.

Announcements

Latest UAE travel update: What travellers, especially to India, need to know amid flight disruptions 

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Several UAE-based airlines have issued disruptions in their service and route changes as a precautionary response following heightened regional tensions after Iran attacks Al Udeid Air Base in Qatar

UAE residents planning to travel this week are advised to double-check their flight status before heading to the airport, as ongoing regional tensions have led to disruptions across several major carriers.

Following Iran’s attack on the Al Udeid Air Base in Qatar, airlines including Etihad, Emirates, flydubai, and Air Arabia have rerouted or cancelled select flights to ensure passenger safety amid restricted airspace and rising geopolitical risk.

What UAE Airlines Are Saying

Etihad Airways

  • Cancelled flights on Tuesday (June 24) to/from Kuwait, Doha, and Dammam:
    • EY651/652 (Abu Dhabi – Kuwait)
    • EY663/664 (Abu Dhabi – Doha)
    • EY575/576 (Abu Dhabi – Dammam)
  • Flights to Israel remain suspended until July 15.
  • The airline confirmed it is using only approved airspace and warned that the situation is highly dynamic.
  • Passengers transiting through Abu Dhabi to connect to cancelled destinations will not be accepted for travel.

Emirates Airline

  • Has rerouted flights away from conflict zones.
  • Temporary suspension of all flights to Iran and Iraq (Tehran, Baghdad, Basra) until June 30.
  • Warns of potential delays due to longer routes and airspace congestion.

flydubai

  • Flights on June 24 resumed, but delays remain possible.
  • Temporary suspension of services to Iran, Iraq, Israel, Syria, and St. Petersburg (Russia) until June 30.
  • Passengers heading to these destinations via Dubai will not be accepted from their point of origin.

Air Arabia

  • Advises passengers of possible disruptions due to airspace closures.
  • Suspended services to Jordan (until June 25) and Iran, Iraq, Russia, Armenia, Georgia, and Azerbaijan (until June 30).

Dubai/Abu Dhabi Airport Updates

  • Dubai Airports said operations across DXB and DWC have resumed, but some delays or cancellations may still occur. 
  • Travellers heading to India are especially advised to confirm flight status in advance. “Due to regional airspace closures, flights from DXB and DWC – Al Maktoum International may be impacted. Please check with your airline for the latest updates before heading to the airport, especially for guests travelling to India,” Dubai Airports wrote on X.
  • Zayed International Airport in Abu Dhabi echoed similar advice: check with your airline before traveling.

Impact on International Flights

  • flydubai, Etihad, Emirates, and Air Arabia have adjusted or halted flights across the region.
  • IndiGo Airlines suspended flights to several Gulf cities including Dubai, Doha, Bahrain, Dammam, and Abu Dhabi until at least 10am Tuesday.
  • Pakistan International Airlines has halted services to Doha, Kuwait, Bahrain, and Dubai.
  • EgyptAir also cancelled Gulf-bound flights from Cairo.
  • Air Canada extended its Toronto–Dubai flight suspension until August 4.

Additional Restrictions

  • Pakistan has extended its airspace ban for Indian-operated aircraft, including military flights—until July 23, 2025.

Travel Tips for UAE Passengers

  • Check flight status online or via airline apps before leaving home.
  • Expect delays even if your flight is not cancelled—reroutings may extend travel time.
  • If you are transiting through the UAE to a suspended destination, contact your airline immediately to explore alternative arrangements.

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Announcements

Dubai Airports resume full operations after precautionary pause, travellers urged to check flight status

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Dubai Airports has announced the resumption of full operations at all its airports following a temporary precautionary pause, according to a statement from the Dubai Media Office.

“While Dubai Airports is working with airlines to ensure flights operate according to approved schedules, some flights may experience delays or cancellations,” Dubai Airports wrote on X (formerly Twitter).

While the exact nature of the pause was not disclosed, authorities emphasised that the safety and well-being of all travellers and aviation staff remain the top priority.

Operations teams are now working closely with airlines to normalise flight schedules, but passengers may still encounter delays or cancellations as services stabilise.

“Due to regional airspace closures, flights from DXB and DWC – Al Maktoum International may be impacted. Please check with your airline for the latest updates before heading to the airport, especially for guests travelling to India,” Dubai Airports wrote on its social media platform.

Travellers flying in or out of Dubai International (DXB) or Al Maktoum International (DWC) are strongly advised to:

  • Check directly with their airlines for real-time flight updates
  • Arrive early to allow extra time for check-in and security
  • Monitor official channels, including @DXBMediaOffice and @DubaiAirports

The temporary disruption comes as the summer travel season picks up, with a high volume of passengers expected in the coming weeks.

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How conflict in the region could make your petrol, groceries and other bills more costly

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As tensions between Israel and Iran intensify, now with the US involved, experts say the impact could soon be felt far beyond, hitting your wallet in the form of rising fuel, food, and living costs.

Oil prices are already climbing, and economists warn there’s more to come.

Why Oil Prices Are Rising

The Middle East is home to some of the world’s biggest oil producers, and any conflict in the region quickly rattles global markets. Following the US bombing of Iranian nuclear sites, oil prices jumped 3 per cent, and further escalation could push prices well past $100 per barrel, according to experts.

If the Strait of Hormuz shuts down, the supply will be disrupted, and oil prices could spike.

About 20 per cent of the world’s oil supply passes through the Strait of Hormuz, and if it closes, it will send shockwaves across energy markets and supply chains.

What This Means for Everyday People

Higher oil prices affect much more than just what you pay at the pump. Here’s how:

  • Fuel and energy costs: Expect higher prices for petrol, electricity, and cooking gas.
  • Food and goods: Rising transport and production costs lead to more expensive groceries, clothing, and everyday items.
  • Government budgets: Countries that subsidise fuel, like Indonesia and India, could face serious pressure on public spending.

Who’s Most at Risk?

Countries in Asia and some European nations are vulnerable because they rely heavily on oil imports from the Middle East. India, for example, imports around 85 per cent of its crude oil, while Indonesia brings in about 60 per cent. Countries like Thailand and the Philippines also depend on Gulf oil.

If oil prices increase by $10–20 per barrel and stay high:

  • India’s oil import bill could grow by $30–40 billion annually
  • Indonesia could face cuts to welfare and infrastructure spending
  • Some governments may have to choose between fighting inflation or keeping currencies stable

Are There Any Alternatives?

Not really, not in the short term. Oil reserves might provide a short-term buffer, but they won’t last long.

Without substitutes, prices will need to rise to reduce demand, meaning households and businesses will feel the pinch.

The growing conflict in the Middle East could soon mean:

  • Higher fuel and electricity bills
  • More expensive groceries and goods
  • Pressure on government subsidies and spending

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