👋 Good morning, Smashi Business Readers!

In today’s edition, we’ve got major moves shaping the future of media, telecom, and innovation. From a high-profile media acquisition in the UK to a game-changing telecom deal in Iraq, and Dubai’s ambitious plans to lead in global research and development—today’s stories highlight powerful shifts in industries that will impact the region and beyond.

Let’s dive into the details! 🌟👇️ 

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🇺🇸 US Consortium with Zahawi & Mansour Eyes The Telegraph Acquisition 📜💰

📰 What is it about?

• A US-led consortium, backed by notable figures like Nadhim Zahawi and Mohamed Mansour, is eyeing a major acquisition of the iconic UK newspaper The Telegraph. This move comes amid pressure to divest by the UK government, highlighting complex media ownership challenges.

💡 Why it matters?

• The potential acquisition of The Telegraph signals a shift in media ownership in the UK and the ongoing debate around foreign investment in media companies.

🔜 What’s next?

• Watch for updates on the ongoing negotiations regarding the acquisition of The Telegraph as more high-profile figures get involved.

📈 Markets

🌍Iraq's Vodafone Deal Set to Transform Telecom Market 📱🇮🇶

📰 What is it about?

• Iraq is set to enter a new chapter in its telecom landscape by partnering with Vodafone to bring cutting-edge mobile technology and enhance connectivity across the country.

💡 Why it matters?

• Iraq’s negotiations with Vodafone come at a time when the country is looking to modernize and compete on the global stage with advanced telecom services.

🔜 What’s next?

• The launch of Vodafone Iraq will likely set the stage for new competition and innovation in Iraq’s telecom market.

💭Quote of the day
^{Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.” —Dale Carnegie}

Dubai’s $750 Million Push for Global Innovation Hub 🚀

📰 What is it about?

• Dubai’s Crown Prince has approved a major budget to support the city’s research and innovation goals, positioning Dubai as a leading global hub for innovation and knowledge by 2033.

💡 Why it matters?

• Dubai’s bold investment in research and innovation aims to generate billions for its economy and create thousands of jobs, strengthening its position as a global leader in future technologies.

🔜 What’s next?

• Dubai’s innovation program and new resilience strategies will begin to take shape, with major infrastructure projects and international collaborations expected.

🔍In other news…

1. Salik stock dips following the announcement of policies designed to optimize traffic flow, including peak-hour toll increases and congestion-based parking fees near event zones​.

2. President-elect Donald Trump has selected Steven Witkoff, a longtime friend and fellow New York real estate billionaire, to serve as his Middle East envoy.

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