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Red Sea Souk Unveils Programs, Projects for Third Film Festival

Red Sea Souk Unveils Programs, Projects for Third Film Festival
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Red Sea Souk Unveils Programs, Projects for Third Film Festival

Red Sea Souk Unveils Programs, Projects for Third Film Festival

The Red Sea Souk revealed Wednesday its projects and works in progress that will highlight a diverse range of talents from the Saudi Arabia, the Arab world, and Africa at the third annual Red Sea International Film Festival.
Prestigious institutions including New York’s Tribeca Film Festival, the Amman Film Industry Days, the Venice International Film Festival, NEOM, the Red Sea Fund, and the Doha Film Institute will participate in these activities, SPA reported.
The Red Sea 360° and Networking Sessions programs will be held December 2-5, followed by the Talent Days program December 6-7.
The programs will showcase new cinematic productions and encourage international film professionals to exchange experiences and ideas during the networking sessions and the workshops that bring together Saudi and international filmmakers with global film industry professionals.
The Red Sea 360° program will bring together international cinema professionals to enrich the Souk visitors through a series of seminars and panel discussions, totaling 15 sessions. They will offer unique insights into the future of the film industry, including its wide-ranging impact on the global entertainment industry.
The Red Sea Souk, along with the Project Market and the Work-In-Progress Showcase program, will provide an opportunity to view a selected group of 26 narrative films by directors from the Arab world and Africa.
Additionally, six projects in the development phase will be presented, offering a glimpse into their stories to prominent experts in the field to help directors successfully work on them.
The Project Market program will present 12 projects supervised by Red Sea Labs, which have been developed throughout the year through a series of intensive workshops in collaboration with TorinoFilmLab.
Four projects will be selected to receive the annual production award by the Red Sea Lodge program, while 14 projects will compete for cash prizes presented by international jury committees, including the Development, Special Jury, and Production awards.
The Work-In-Progress Showcase program will feature six post-production films by independent filmmakers, presented to distributors, producers, funders, festival programmers, and others for future collaboration opportunities.
All films selected in the Work-in-Progress Showcase will compete for the Red Sea Souk Post-Production Award as well as the Special Jury prize.
All financial awards will be provided by the Red Sea Fund, and participating projects will have the opportunity to qualify and compete for additional awards funded by sponsors and partners of the Red Sea Souk.
Red Sea International Film Festival badge holders can attend the Red Sea 360°, Talent Days, and Networking Sessions, held at the Jeddah Ritz-Carlton.
Application for joining the Red Sea Souk 2023 is still open via this link: https://redseafilmfest.com/en/red-sea-souk/.

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Varieties

Japan Issues New Yen Banknotes Packed With 3D Hologram Technology to Fight Counterfeiting

The 10,000 yen bill, worth about $62 at the current exchange rate, has the face of Eiichi Shibusawa, known as “the father of Japanese capitalism - The AP
The 10,000 yen bill, worth about $62 at the current exchange rate, has the face of Eiichi Shibusawa, known as “the father of Japanese capitalism - The AP
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Japan Issues New Yen Banknotes Packed With 3D Hologram Technology to Fight Counterfeiting

The 10,000 yen bill, worth about $62 at the current exchange rate, has the face of Eiichi Shibusawa, known as “the father of Japanese capitalism - The AP
The 10,000 yen bill, worth about $62 at the current exchange rate, has the face of Eiichi Shibusawa, known as “the father of Japanese capitalism - The AP

Japan issued its first new banknotes in two decades Wednesday, yen packed with 3D hologram technology to fight counterfeiting.

Prime Minister Fumio Kishida praised as historic the state-of-the-art anti-counterfeit traits of the new 10,000 yen, 5,000 yen and 1,000 yen bills.

“I hope the people will like the new bills, and they will help energize the Japanese economy,” he told reporters at the Bank of Japan, The AP reported.

While the new bills were released with fanfare, currency already in use will remain valid. In fact, people will still need older bills to use most vending machines and to pay bus fares, local media reported.

Kishida noted the people featured on the bills celebrate Japanese capitalism, women’s equality and scientific innovation.

The 10,000 yen bill, worth about $62 at the current exchange rate, has the face of Eiichi Shibusawa, known as “the father of Japanese capitalism,” a key figure in building Japan’s modern economy. He is credited with founding hundreds of companies.

The 5,000 yen bill, worth about $30, features Umeko Tsuda, a pioneer feminist and educator who founded a college. The 1,000 yen note, worth about $6.20, portrays physician and bacteriologist Shibasaburo Kitasato, who was instrumental in the research of tetanus and the bubonic plague.

The backs of each of the bills feature Tokyo Station, wisteria flowers and ukiyo-e artist Katsushika Hokusai’s Mount Fuji, respectively.

The new bills also feature larger printing so they’re easier to read, especially for the nation’s aging population.

By the end of March next year, nearly 7.5 billion new banknotes will have been printed, according to the government. The amount of money in the new bills going out in a single day is estimated at 1.6 trillion yen ($10 billion).

It may take some time for ordinary people to get hold of the new bills. They first are going to banks and other financial organizations. Then, they'll be distributed to automatic teller machines and stores, according to the Bank of Japan.

A majority of transactions in Japan still are done in cash and cashless payments have been slower to catch on than in many other countries.

“Although the world is moving toward cashless interactions, we believe cash remains important as a way for safely settling payments anywhere and anytime,” said Bank of Japan Gov. Kazuo Ueda.