Day: October 18, 2023

The largest social networking and gaming company in the Middle East and North African region (MENA), Yalla Groups Limited (“Yalla” or the “Company,” for short) (NYSE: YALA), today declared that its Directors and the president, Mr. Saifi Ismail, had been invited to present Yalla’s unicorn tale at Expand the North Star 2023, the world’s biggest technology and startup event, which was held in Dubai in conjunction with GITEX GLOBAL. Mr. Ismail outlined Yalla’s successful long-term business plans and recapped the company’s exciting beginnings.

“We were humbled to share Yalla’s success story, company background as well as sector insights at this prestigious event, as well as pleased to showcase the distinctive benefits that the region offers for technological businesses and startups,” said Ismail.

“Yalla is firmly committed to promoting success across the information technology startup community and advancing digital growth throughout MENA. Yalla is the first UAE-based technology unicorns to list on the NYSE. To capitalize on growth prospects in the area and support the expansion of local digital economies, we will continue to seek innovations such as artificial intelligence (AI) and develop digital solutions that speak to local users’ needs.

Expand North Star brings together creators, entrepreneurs, angel investors, and tech experts to foster interactions among the startup community. Expand North Star was motivated by GITEX GLOBAL, the most recognizable large-scale tech show in the world. The two gatherings make up the world’s biggest technology show. Over 70 unicorns founders participated in vibrant debates on the key tech stories of 2023 as part of Expand the North Star 2023’s unmatched content program.

Following the sell-out success of last year’s event, the Dubai Council of Digital Economy staged the upcoming 4-day event, which concluded on October 18, 2023, in a brand-new gigantic location at Dubai Harbour, providing endless opportunities for the top corporate innovators and investors in the globe.

In terms of revenues in 2022, Yalla Group Limited will be the biggest MENA-based social media and gaming company. Yalla, an audio-centric group chat platform in order and Yalla Ludo, an informal gaming app with an online version of board games that are well-liked in MENA, both of which have in-game voice conversations and localized Majlis features, are the company’s two main mobile applications.

The largest technology expo in the world, GITEX GLOBAL, was formally launched on Monday at the Dubai World Trade Centre (DWTC) by Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai.

Sheikh Mohammed bin Rashid stressed the event’s importance in his speech, highlighting its prominence as one of the biggest international gatherings of specialists in the technology sector. “For more than 40 years, the UAE has put together the world’s top thinkers and creators, bringing them together in the quest of influencing the course of technology. This discussion has cultivated tactics, perceptions, and alliances that have greatly advanced technology and improved the quality of life for people.

“The UAE continues to take the initiative in creating a bright future for a variety of economic sectors. Over 6,000 exhibitor from 180 countries will convene in Dubai for this year’s GITEX GLOBAL to engage in a new debate about paving the way for the industry’s transformation. The impressive increase in attendance at GITEX is evidence of the rising trust that the world has in Dubai as a key hub for the technological sector today and in the future. This occasion serves as evidence of Dubai and the UAE’s unwavearing dedication to promoting development and innovation and international cooperation in the continuously changing field of technology. We’ll keep playing a crucial position in creating new alliances and expanding the horizons of the technology sector.

The DWTC is at capacity for the 43rd GITEX GLOBAL, which takes place from October 16–20, 2023. The mega-tech event will feature 6,000 companies and 180,000 tech professionals from 180 nations. The Dubai Chamber of the Digital Economy will organize Expand North Star, the largest start-up event in the world, from October 15–18, 2023, at its new location in Dubai Harbour. Over 1,800 start-ups will explore the expanding prospects inside one of the most flexible, varied, and technologically advanced digital economies in the world during both events.
Sheikh Mohammed visited a number of booths during his visit, included those belonging to Etisalat, Huawei Technologies, Beyon, Salesforce, among others, G42, Microsoft, as well as and IBM, where he spoke with prominent figures in technology and learnt about the cutting-edge innovations on show.

Omar Sultan Al Olama, the United Arab Emirates Minister of State for Artificial Intelligence (AI), the Digital Economy, and Remote Work Applications, Helal Saeed Al Marri, the director-general of the Dubai World Trade Center and Dubai’s Department of Economy and Tourism, as well as other ministers and senior officials, accompanied Sheikh Mohammed on the tour.

Following the successful rollout of the 5G SA service for Fixed Wireless customers (FWA) earlier this year, Sheikh Mohammed received information on Etisalat’s 5G technology Stands Alone network for mobile customers. This represents a significant technological milestone. Consumers now have access to a dependable, autonomous national network that allows for seamless phone and data communications across the whole nation.