Filmmakers invited to apply for Red Sea Fund grants toward movie production

The Red Sea Fund has made a significant impact in the film world, supporting movies that have premiered and won awards at prestigious festivals such as Berlin and Cannes. (Red Sea Fund/File)
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Updated 06 June 2023
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Filmmakers invited to apply for Red Sea Fund grants toward movie production

  • 3rd funding round offers financial backing to directors in Arab world, Africa

LONDON: Officials behind a fund offering grants to help toward the production of Arab and African films are inviting new applications for financial backing.

Red Sea Film Festival Foundation organizers announced on Tuesday the opening of a third round of Red Sea Fund support grants.

Running from June 6 until July 2, applications are being invited for flicks ready to go into production, with up to $500,000 per movie available for filmmakers.

Head of the fund, Emad Eskander, said: “We are truly impressed by the exceptional talent that aspiring and world-renowned filmmakers brought to the table in our second edition.”

The third round of funding will support projects from directors in Saudi Arabia, Africa, and throughout the Arab world, with the aim of helping launch a new generation of movie producers while supporting established filmmakers as they take their work from script to screen.

“It’s clear that the bar has been set high, but we have no doubt that the filmmakers are up for the challenge.

“Looking ahead to the third edition’s production cycle, we are confident that filmmakers will continue to push the boundaries of creativity and innovation,” Eskander added.

The Red Sea Fund has made a significant impact in the film world, supporting movies that have premiered and won awards at prestigious festivals such as Berlin and Cannes.


OpenAI’s Altman says world ‘urgently’ needs AI regulation

Updated 19 February 2026
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OpenAI’s Altman says world ‘urgently’ needs AI regulation

  • Sam Altman, head of ChatGPT maker OpenAI, told a global artificial intelligence conference on Thursday that the world “urgently” needs to regulate the fast-evolving technology

NEW DELHI: Sam Altman, head of ChatGPT maker OpenAI, told a global artificial intelligence conference on Thursday that the world “urgently” needs to regulate the fast-evolving technology.
An organization could be set up to coordinate these efforts, similar to the International Atomic Energy Agency (IAEA), he said.
Altman is one of a host of top tech CEOs in New Delhi for the AI Impact Summit, the fourth annual global meeting on how to handle advanced computing power.
“Democratization of AI is the best way to ensure humanity flourishes,” he said on stage, adding that “centralization of this technology in one company or country could lead to ruin.”
“This is not to suggest that we won’t need any regulation or safeguards,” Altman said.
“We obviously do, urgently, like we have for other powerful technologies.”
Many researchers and campaigners believe stronger action is needed to combat emerging issues, ranging from job disruption to sexualized deepfakes and AI-enabled online scams.
“We expect the world may need something like the IAEA for international coordination of AI,” with the ability to “rapidly respond to changing circumstances,” Altman said.
“The next few years will test global society as this technology continues to improve at a rapid pace. We can choose to either empower people or concentrate power,” he added.
“Technology always disrupts jobs; we always find new and better things to do.”
Generative AI chatbot ChatGPT has 100 million weekly users in India, more than a third of whom are students, he said.
Earlier on Thursday, OpenAI announced with Indian IT giant Tata Consultancy Services (TCS) a plan to build data center infrastructure in the South Asian country.