Marhaba folks! 🌟

Today we will discuss,

• 🏢 Sheikh Hamdan Names Seven New CEOs in Dubai Government Shake-Up

• 💬💯 Telegram Founder Pavel Durov Celebrates 10M paid Subscribers

• 🏖️ UAE’s Influence on Maldives: How UAE Strategies Inspired Ahmed Adeeb’s Transformation of the Maldives

Let’s dive in!

🏢 Sheikh Hamdan Names Seven New CEOs in Dubai Government Shake-Up

📰 What is it about?

• Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum has appointed seven new CEOs to lead key Dubai government entities:

  • Issam Kazim: Dubai Corporation for Tourism and Commerce Marketing.

  • Mohammed Abdullah Shael AlSaadi: Dubai Corporation for Consumer Protection and Fair Trade.

  • Essa Harab Khalifa bin Hadher: Economic Strategy Sector at DET.

  • Sahia Ahmad: Regulatory Policy and Governance at DET.

  • Saad Mohammed Al Awadhi: Corporate Support Services at DET.

  • Khaled Hassan Mohammed Mubasheri: Legislation and Disputes Sector at DET.

  • Yousuf Ahmed Yousuf Abdullah Lootah: Strategy and Corporate Performance at DET.

💡 Why it matters?

• Enhances governance and strategic leadership within key government entities.

• Supports Dubai’s growth and development goals.

• Aims to improve efficiency and effectiveness in critical areas.

🔜 What’s next?

• The new CEOs will assume their roles and begin implementing their strategies.

• Their impact will be assessed to ensure alignment with Dubai’s objectives.

• Potential further leadership changes or adjustments may occur.

📈 Markets

💬💯 Telegram Founder Pavel Durov Celebrates 10M paid Subscribers

📰 What is it about?

• Pavel Durov, Telegram's founder, announced the platform has reached 10 million paid subscribers for Telegram Premium.

• Changes include removing the “People Nearby” feature and launching “Businesses Nearby” for verified businesses.

• New media uploads to Telegram's blogging tool, Telegraph, are disabled due to misuse.

💡 Why it matters?

• The milestone highlights Telegram's growth and the success of its premium subscription model.

• The feature changes aim to address misuse and enhance user experience and security.

• The new “Businesses Nearby” feature will facilitate business visibility and transactions.

🔜 What’s next?

• Telegram will implement the “Businesses Nearby” feature and monitor its impact.

• Investigations related to Durov's arrest in France continue, potentially affecting his ability to travel and his involvement with Telegram.

Quote of the day
“The best way to predict the future is to create it.” – Peter Drucker

🏖️ UAE’s Influence on Maldives: How UAE Strategies Inspired Ahmed Adeeb’s Transformation of the Maldives

📰 What is it about?

• Ahmed Adeeb, former Vice President and Tourism Minister of the Maldives transformed the Maldives into a luxury resort destination.

• He was inspired by UAE strategies, particularly Dubai’s Island dredging and custom-designed islands.

• Adeeb introduced similar methods and regulatory changes in the Maldives, leading to increased investment and development.

💡 Why it matters?

• Adeeb’s adoption of UAE-inspired strategies significantly boosted the Maldives’ profile as a premier luxury destination.

• The focus on sustainable development, influenced by UAE practices, ensured environmental responsibility in the Maldives’ growth.

🔜 What’s next?

• Continued implementation and refinement of sustainable development practices in Maldives tourism.

• Potential further investments and developments as the Maldives builds on its success as a luxury destination.

In other news…

1. Saudi Arabia’s fintech assets under management are expected to near $64 billion

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