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  • Al Habtoor vs. Alabbar: $1.4B Clash + TikTok Ban Heats Up Arab World 🔥

Al Habtoor vs. Alabbar: $1.4B Clash + TikTok Ban Heats Up Arab World 🔥

Monday, January 20, 2025

Happy Saturday Smashi Business Readers!☀️

Today's stories bring you a mix of debates, rivalries, and sweet victories! From TikTok’s ban in the U.S. sparking conversations across the Arab world 📱, to a heated clash between UAE business moguls over financial strategies 💼, and Dubai’s viral chocolate protecting its name 🍫—this edition has it all!

Let’s dive in! 🚀

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1️⃣ 📱 TikTok Ban Sparks Arab World Debate: Freedom vs. Disruption

📰 What is it about?

  • The U.S. TikTok ban has ignited a lively debate in the Arab world, touching on freedom of expression, productivity, and the platform’s impact on societal values.

💡 Why it matters?

  • TikTok’s global reach has amplified critical voices, including those highlighting the Palestinian cause, but also raises concerns over productivity and data security.

🔜 What’s next?

  • While TikTok remains accessible in most Arab countries, debates over its benefits and risks continue to shape public opinion.

Markets

EGX 30

29,728.61

+0.42%

DFMSI

3,066.04

+18.011%

ADX

9,543.57

- 0.087%

Tadawul

12,331.87

+0.62%

2️⃣ 💼 Meetings Matter: Al Habtoor Criticizes Alabbar Over $1.4 Billion U.S. Loss

📰 What is it about?

  • Khalaf Al Habtoor has questioned Mohamed Alabbar’s claim that meetings are “useless,” linking the lack of strategic discussions to Alabbar’s admission of a $1.4 billion U.S. loss.

💡 Why it matters?

  • This clash between two UAE business leaders highlights contrasting philosophies about corporate strategy, accountability, and effective leadership.

🔜 What’s next?

The debate could influence regional business practices and spark discussions on how meetings can prevent costly financial oversights.

💭Quote of the day:

"Authenticity is the cornerstone of creativity; protect what you create."— unknown 💌 

3️⃣ 🍫 Viral Chef Applauds Dubai Chocolate Ban in Germany

📰 What is it about?

  • A German court has banned Turkish-made chocolates labeled as "Dubai chocolate," ensuring the branding aligns with its origin.

💡 Why it matters?

  • This ruling protects the authenticity of Dubai’s viral pistachio kunafa chocolate, reinforcing the city’s reputation as a culinary innovator.

🔜 What’s next?

  • With global demand for Dubai chocolate surging, more countries may implement regulations to safeguard authenticity.

🔍In other news…

  1. A UAE-based investment firm has led a $3 million funding round for a Korean media and entertainment company

  2. Report Says: Salaries Set to Rise as 75% of UAE Employers Eye Increases in 2025

  3. DMCC and REIT Development have unveiled plans for the groundbreaking ‘Crypto Tower’, a 17-storey project in Dubai’s Jumeirah Lakes Towers.

  4. The Adani Group is reportedly in advanced negotiations to acquire a majority stake in Emaar India.

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Here’s to a productive week ahead! 💪

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