Nobel Prize Award Raised to Nearly $1 Million for 2023

FILE - The Nobel medal in physiology or medicine presented to Charles M. Rice is displayed, Tuesday, Dec. 8, 2020, during a ceremony in New York. (Angela Weiss/Pool Photo via AP, File)
FILE - The Nobel medal in physiology or medicine presented to Charles M. Rice is displayed, Tuesday, Dec. 8, 2020, during a ceremony in New York. (Angela Weiss/Pool Photo via AP, File)
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Nobel Prize Award Raised to Nearly $1 Million for 2023

FILE - The Nobel medal in physiology or medicine presented to Charles M. Rice is displayed, Tuesday, Dec. 8, 2020, during a ceremony in New York. (Angela Weiss/Pool Photo via AP, File)
FILE - The Nobel medal in physiology or medicine presented to Charles M. Rice is displayed, Tuesday, Dec. 8, 2020, during a ceremony in New York. (Angela Weiss/Pool Photo via AP, File)

Winners of this year's Nobel Prizes will get an extra 1 million crowns, taking the total financial reward to 11 million Swedish crowns ($986,000), the Nobel Foundation, which administers the awards, said on Friday.

The prize money has been adjusted up and down in recent years and the award-givers said it was increasing the amount this year to reflect the Foundation's stronger financial position, Reuters reported.

In 2012, prize money was reduced from 10 million crowns to 8 million as the Foundation looked to shore up its finances. The prize amount was increased to 9 million in 2017 and in 2020 to 10 million - where it was prior to 2012.

Over the last decade, however, the Swedish crown has lost around 30% of its value against the euro meaning the most recent increase in the value of the prize won't leave winners outside Sweden feeling much richer.

In 2013, the prizes for achievements in science, literature and peace - which were first awarded in 1901 - were worth around 1.2 million dollars, despite the cut in the Swedish currency sum to 8 million crowns.

The Nobel Prize in Physiology or Medicine is the first of this year's prizes and will be announced on Oct. 2 followed by Physics, Chemistry, Literature and Peace on the following days.



Arabian Horse Lovers Gather for Qassim Championship in Saudi Arabia

Renowned for their distinctive beauty, purebred Arabian horses possess a small, refined head, expressive eyes, an elegant arched neck, and a high-set tail, setting them apart from other breeds. (SPA)
Renowned for their distinctive beauty, purebred Arabian horses possess a small, refined head, expressive eyes, an elegant arched neck, and a high-set tail, setting them apart from other breeds. (SPA)
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Arabian Horse Lovers Gather for Qassim Championship in Saudi Arabia

Renowned for their distinctive beauty, purebred Arabian horses possess a small, refined head, expressive eyes, an elegant arched neck, and a high-set tail, setting them apart from other breeds. (SPA)
Renowned for their distinctive beauty, purebred Arabian horses possess a small, refined head, expressive eyes, an elegant arched neck, and a high-set tail, setting them apart from other breeds. (SPA)

The third Qassim Arabian Horse Show, a three-day championship in Saudi Arabia featuring 260 purebred Arabian horses, is currently underway and has attracted significant participation from enthusiasts and horse lovers, reported the Saudi Press Agency.

Renowned for their distinctive beauty, purebred Arabian horses possess a small, refined head, expressive eyes, an elegant arched neck, and a high-set tail, setting them apart from other breeds.

Horses have long held a vital place in Arab culture, serving as crucial support in warfare, transportation, and livelihoods since ancient times. Beyond their practical uses, horses are cherished and treated with exceptional care, becoming potent symbols of pride and dignity, particularly within the Kingdom.

The allure of the Arabian horse has endured through time. Today, these magnificent creatures compete in local and international races, nurtured in premier farms and stables, and deeply admired by horse aficionados and owners worldwide.