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✈️ Emirates Welcomes Over Half of Dubai's 17M 🌍 International Visitors in 2023

Saturday, October 26, 2024

👋 Good morning, Smashi Business Lovers!

Hello, everyone! 😊 Today, we bring you exciting news highlighting transformative developments across the MENA region. From Qatar’s tech expansion to Dubai’s aviation success and the growth of coworking spaces in Saudi Arabia, innovation is at the forefront.

Let's dive right in! 👇

1. 📅 WSJ Tech Live Expands to Qatar: A New Era for Tech Conferences!

Starting December 2025, Qatar will host the WSJ Tech Live conference annually for five years, enhancing its status as a tech hub in the MENA region.

📰 What is it about?

  • The Dow Jones will continue to host WSJ Tech Live in California while adding a new location in Qatar, bringing together C-suite executives, investors, and startups.

💡 Why it matters?

  • This event aligns with Qatar's vision to become a global technology and innovation center, providing valuable opportunities for local talent and investment.

🔜 What’s next?

  • The inaugural event is set to draw over 200 industry leaders, further establishing Qatar's reputation in the tech landscape.

📈 Markets

🔼 EGX 30

30,552.82

+0.46%

🔽 DFMSI

2,608.19

+3.962%

🔼 ADX

9,203.53

+0.083%

🔼 Tadawul

11,886.06

-0.13%

2.✈️ Emirates Airline Fuels Dubai's Economic Growth: A Winning Partnership!

Emirates Airline and Dubai's dynamic relationship is a powerhouse, significantly boosting the city’s economy.

📰 What is it about?

  • Emirates Airline contributes AED 98 billion, or 19%, to Dubai’s GDP in 2023, underlining the airline's crucial role in the city's economic success.

💡 Why it matters?

  • With aviation accounting for 27% of Dubai’s economy, Emirates plays a vital role in attracting international visitors and enhancing the city’s status as a global hub.

🔜 What’s next?

  • Plans for Al Maktoum International Airport will further bolster capacity, reinforcing Dubai's ambitions for sustained growth.

💭Quote of the day
“I learned to always take on things I’d never done before. Growth and comfort do not coexist.” - Virginia Romerty

3.💼 COLABS Secures Funding to Expand into Saudi Arabia!

Pakistani coworking startup COLABS raises $2 million in a Pre-Series A round to enter the Saudi market.

📰 What is it about?

  • COLABS, founded by Omar and Ali Shah, aims to replicate its successful coworking model in Saudi Arabia after establishing a strong presence in Pakistan.

💡 Why it matters?

  • The funding will support COLABS’ expansion and enhance the coworking landscape in Saudi Arabia, where competition is growing.

🔜 What’s next?

  • COLABS plans to bring its unique community-focused approach to the Saudi market, fostering entrepreneurship and collaboration.

🔍In other news…

Lebanon-founded healthy food brand SALATA has opened its first physical location in Dubai's Alserkal Avenue! 🎉 Originally a delivery-only service, SALATA now offers a dine-in experience, celebrating its growth and commitment to quality. Co-founder Georges Bandar reflects on lessons learned in the competitive UAE market.

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