Hello, Smashi Business readers! 🌟

Today, we are discussing:

1. 🌐 GITEX GLOBAL 2024: A Record-Breaking Start 🌐

2. 🚀 Expand North Star 2024: Day 2 Highlights 🚀

3. 💄 Huda Beauty Pledges $500,000 for Humanitarian Aid 💄

Let's dive in! 👇

🌐 GITEX GLOBAL 2024: A Record-Breaking Start 🌐

📰 What is it about?

• GITEX GLOBAL 2024, the world’s largest tech event, kicked off at the Dubai World Trade Centre (DWTC) from October 14-18.

• In its 44th edition, GITEX hosts a record 6,500 exhibitors, 1,800 startups, and 1,200 investors from over 180 countries, making it the most internationally attended edition yet.

• His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, toured GITEX Global 2024.

• Day 1 highlights included exhibits like G42’s AI-powered Intelligence Grid and XPeng’s eVTOL Flying Car, showcasing groundbreaking technology in AI, aviation, and digital innovation.

💡 Why it matters?

• The event positions Dubai as a leading global hub for tech and innovation, attracting industry leaders, startups, and governments to collaborate and explore emerging tech solutions. The UAE’s focus on AI and the digital economy is evident through leadership sessions with officials like H.E. Abdullah Bin Touq Al Marri and H.E. Faisal Al Bannai.

• GITEX also launched GITEX Editions, a new platform for advanced tech companies and unicorns, enhancing the UAE’s role as a sandbox for pragmatic AI regulation and policy development.

🔜 What’s next?

• “Super AI Tuesday” will focus on AI’s impact on industries and business strategies. The event continues until October 18, with a spotlight on tech innovations across Central Asia, Southeast Asia, Latin America, and the Middle East.

• GITEX’s global network includes upcoming events like GITEX EUROPE Berlin and GITEX ASIA Singapore, further expanding cross-continental collaboration and innovation.

📈 Markets

🚀 Expand North Star 2024: Day 2 Highlights 🚀

📰 What is it about?

• Expand North Star 2024, the world’s largest startup and investor event, continues with major announcements and industry-defining events like Fintech Surge, Future Blockchain Summit, Marketing Mania, and GITEX Impact.

• Earlier on day 1, Dubai Crown Prince, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, visited the Expand North Star 2024 exhibition. His Highness Sheikh Hamdan extended a warm welcome to all participants over the period of four days, emphasizing Dubai’s position as a gateway to the future and a major center for the digital economy.

• The event runs from October 13-16 at Dubai Harbour, hosted by the Dubai Chamber of Digital Economy and organized by Dubai World Trade Centre.

💡 Why it matters?

• The event highlighted a significant milestone for Dubai’s startup ecosystem as in5 startups, incubated by TECOM Group, surpassed AED 7.8 billion in funding since 2013—a 163% increase from last year. This growth underscores Dubai’s supportive framework for startups, aligning with its Economic Agenda ‘D33’ to bolster innovation and entrepreneurship.

• Khalifa Fund also announced its support for four Emirati tech businesses, showcasing local innovation and boosting their global visibility. This participation strengthens the UAE’s push for a knowledge-based economy and attracts international partnerships and investment opportunities.

🔜 What’s next?

• Expand North Star’s extensive program continues with over 1,800 startups and 1,200 investors, featuring cross-border collaborations, especially with European startups, and discussions on the future of funding.

• The event remains integrated with GITEX GLOBAL, providing a platform for global tech and startup ecosystems to thrive in Dubai’s dynamic business environment.

Quote of the day
“You are the master of your destiny. You can influence, direct and control your own environment. You can make your life what you want it to be.” – Napoleon Hill, Think and Grow Rich

💄 Huda Beauty Pledges $500,000 for Humanitarian Aid in Palestine and Lebanon💄

📰 What is it about?

• Huda Beauty and its fragrance brand, Kayali, have committed $500,000 to aid humanitarian efforts in Palestine and Lebanon.

• The funds will be split between Doctors Without Borders (MSF) and the Lebanese Red Cross, organizations providing critical medical support in these crisis-stricken areas.

💡 Why it matters?

• This donation builds on Huda Kattan's ongoing philanthropic efforts, including a $1 million contribution in November 2023 for Palestinian relief during Gaza conflicts. Her latest pledge reflects the brand’s dedication to leveraging its platform for humanitarian causes, advocating for unity and compassion during challenging times.

• Doctors Without Borders (MSF) is actively providing trauma care, emergency surgeries, and treating chronic conditions in Gaza and Lebanon, where healthcare infrastructure is under strain. The Lebanese Red Cross also delivers vital medical and emergency aid amidst the ongoing crisis.

🔜 What’s next?

• Huda Beauty's support aligns with its mission to stand up for humanity and underscores the growing role of private companies in global relief efforts.

• With this funding, MSF and the Lebanese Red Cross will continue offering essential aid to those in need, aiming for impactful, on-the-ground support in these regions.

In other news…

1. Dubai car number plate fetches AED8.02 million.

2. Dubai-based startup ‘Better’ becomes first in region to launch hairloss gummies.

3. UAE residents to experience world’s fastest 5G speeds as e& UAE sets new speed record.

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