Saudi cinemas rake in $143m in five years 

A mime actor standing behind a model vintage cinema camera at AMC cinema in Riyadh ahead of the first test film screening. (File/AFP)
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Updated 03 September 2023
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Saudi cinemas rake in $143m in five years 

  • More than 10 million tickets sold

RIYADH: Saudi Arabia’s cinema sector has earned SR535 million ($142.6 million) since the resumption of movie screening in 2018, the General Commission for Audiovisual Media has revealed. 

GCAM said that the Kingdom’s cinema sector is the largest one in the region, with more than seven operators across 21 cities. 

There are more than 64,000 seats in 69 Saudi movie theaters, and more than 10 million tickets have been sold.

According to GCAM, the highest-grossing picture at the box office is the American action drama film “Top Gun: Maverick,” which sold more than 1.2 million tickets and grossed SR84 million. 

The Saudi cinema sector recorded a growth of 28 percent during the second quarter of 2023.

Commercial records for film production have surpassed 1,700, up from more than 1,300 at the same time last year, the Ministry of Commerce reported.
 


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.