📈 Qatar’s Hospitality Boom: 30.2% Increase in European Visitors 🚀

Marhaba folks! 🌞

In today’s edition, we explore:

• Qatar’s booming hospitality sector with a surge in European visitors 🌍

• Amjad Masad and tech leadership insights with Tucker Carlson 💡

• Ruya Partners with LuLu Exchange to Enhance Customer Convenience

Yalla, let’s dive in 🏃🏻‍♀️

🏨 Qatar’s Hospitality Sector Reaps Rewards of 30.2% Surge in European Visitors

What is it about:

• In June 2024, Qatar’s hospitality sector saw a remarkable growth spurt, driven by a 30.2% year-on-year increase in European visitors, alongside a 28.9% rise in African arrivals and a 25.6% boost from the GCC.

Why does it matter:

• The increase in visitor numbers is a testament to Qatar’s growing appeal as a travel destination, largely attributed to the global spotlight from hosting the 2022 FIFA World Cup. The surge in tourism has positively impacted room yields, which rose by 10.45%.

What is next:

• The continued growth in the hospitality sector is expected to reinforce Qatar’s position as a key player in the regional tourism market, encouraging further investments and developments in the sector.

📈 Markets

💡 Amjad Masad Highlights Palestinian Tech Leadership on Tucker Carlson’s Show

What is it about:

• Amjad Masad, founder of Replit, discussed the significant presence of Palestinians in tech leadership roles on a podcast with Tucker Carlson. The conversation also touched on the impact of AI and the broader tech industry's dynamics.

Why does it matter:

• Masad’s insights spotlight the economic and societal contributions of Palestinian tech leaders and underscore the growing influence of AI in shaping entrepreneurial landscapes. His recent challenge on X further emphasizes the role of technology in addressing global issues.

What is next:

• Masad’s continued advocacy for technology as a force for good and his role in discussions with prominent figures like Carlson could drive further awareness and innovation in the tech industry.

Quote of the day

“Technology is a force for good, but the situation in Gaza is beyond its reach—let’s focus on what we can change.” – Amjad Masad 🌟

Ruya Partners with LuLu Exchange to Enhance Customer Convenience 💳🤝

What is it about:

• Ruya has announced a partnership with LuLu Exchange, allowing customers to deposit cash directly into their ruya accounts at any of LuLu’s 140 UAE centres, free of charge. This collaboration aims to streamline banking services and enhance customer convenience, furthering ruya’s commitment to digital-first banking.

Why does it matter:

• The partnership represents a significant step in modernizing banking services in the UAE, offering greater flexibility and ease for ruya customers. It also highlights LuLu Exchange’s role in expanding fintech solutions and enhancing customer service in the financial sector.

What is next:

• Stay tuned for further innovations in digital banking and fintech collaborations that aim to simplify and improve customer experiences in the UAE.

  That’s all for today, folks! Stay tuned for more exciting updates. 📩✨

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