
GITEX expansion to Europe, Asia boosts Dubai's geoeconomic standing, says event chief
'This geo-economic positioning is very powerful, and GITEX can definitely do a lot to position Dubai and the UAE at that intersection,' Trixie LohMirmand, CEO of Kaoun International and Executive Vice President of Dubai World Trade Centre, told Arabian Business at the inaugural GITEX Europe in Berlin.
She said the global expansion of GITEX beyond its Dubai origins serves a mission that extends far beyond traditional trade shows.
'At the end of the day, we carry the main mission and the vision of Dubai and the UAE,' she added. 'We are a platform that will influence, have good outcomes for as many countries and peoples of the world, as much as possible.'
GITEX, which began in 1981 as a modest trade show in Dubai, has evolved into one of the world's largest technology events. The Dubai edition attracted 200,000 attendees from over 180 countries in 2024, with 6,500 exhibiting companies.
The event has now launched international editions in Morocco, Singapore, Nigeria and Germany, with GITEX Europe making its debut in Berlin this week.
LohMirmand said the decision to launch in Europe, and Berlin specifically, was driven by the region's strength in deep tech and scientific research.
'When it comes to innovation and especially deep tech, AI, Europe leads in its own capacity,' she said. 'In order to be able to innovate and invent frontier technologies that is going to really solve some of the world's toughest challenges, you need to leverage deep research.'
The Berlin launch followed two years of discussions with the German state government, she said.
'There was great interest from them, because they have heard how GITEX has evolved, sustained and thrive and has become that global ecosystem builder,' LohMirmand said.
She described Berlin as an attractive venue due to its multicultural nature, similar to Dubai, and its position as Germany's capital where policy influence is possible.
'The ability to be able to co-create regulations the way forward' makes Berlin strategically important, she said.
LohMirmand positioned GITEX's expansion as reflecting broader UAE ambitions, comparing it to the country's AI strategy which involves multiple international agreements.
'GITEX mirrors what the UAE ventures in AI. It has got multiple agreements with so many different countries, from very established nations to emerging economies,' she said, adding that the event's expansion serve to 'enlarge global ecosystems' rather than simply create events.
'With AI growing at the blistering pace, you can't not be connected with the global – and very disparate – ecosystem,' she said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Khaleej Times
an hour ago
- Khaleej Times
You get a better lifestyle and safety in UAE, says Moldovan expat
Dubai-based CEO Elvira Jain has been in the UAE for 12 years and like most expatriates, says time flies in the Gulf. After a high-flying career as a fashion model, Moldovan-born Jain now runs a communications agency, Ellyse Management. During her career she has boasted collaborations with prestigious brands such as Gucci, Dior and Armani, and now, she's turning her hand to entrepreneurship in the Gulf's fashion capital. If you had to use one word to describe money what would it be? Opportunity. If you had to write a letter to money, what would you say? Due to money we can have the possibility of travelling and having better education and health. It's not the same everywhere but in Dubai you need resources to survive. How would you describe your relationship to money? I respect money. You need to use money smartly. I don't waste money and I calculate well. I do have an economics background, so I try not to overspend. Sometimes it is tricky, because I do like to spend, but I think money comes to people who also respect it and use it in the right direction. Also having a business and having created it by myself, I calculate everything and make projections and budget. How do you think this relationship was formed? When I was in school, aged 7-8, my parents used to pay me for every highest mark I used to get at school and I used to keep the money in a book, so I was really motivated to get better marks and more money. I was also one of the best in class. What good or bad lessons about money management did you learn from your mother? My mom sometimes tends to overspend and sometimes not spend much on unnecessary things so I try to also evaluate if it's worth to spend or not but sometimes is difficult. Who do you speak to about money matters and is it something you consider 'taboo'? I don't consider it a taboo. I can speak to my parents, my husband, and my kids . It cannot be a taboo since it is part of our daily life. Who has taught you the most about financial management? I learned a lot from my parents and from my husband. What do you think has been the most profound experience you've had so far in relation to money, good or bad, and what has it taught you since? When I used to travel as a model in different countries, they gave you a weekly allowance and you had to manage it. This taught me to spend only on what I really needed to. How do you think living in the UAE has changed your relationship with and perception of money? I can say that to live well you need money. The equation of money and income (in the UAE) is different compared to European countries. You get a better salary but then you also have to spend more on rent and monthly expenses. But of course, you get a different, better lifestyle and most of all, the UAE is the safest country to live in. If you could give your child or your younger self one piece of advice about money now what would that be and why? Spend only on what you really need because money comes to those who respect it. What do you value spending money on? It depends on what I need at that moment. I do like to pamper myself so there are also some spendings that we can't avoid as ladies. Do you long-term plan your finances, and if so, how? I like investing in real estate. What is your long-term goal or dream which is pegged to your finances? I wish to have a lot of properties in different parts of the world How much do you save each month? Since I'm a business owner, the income might vary, so savings are different. But I try to have a savings account and a different current account. How much do you plan to have by the time you are 65? I can't give a number because depreciation of money is real, so what might seem a lot now might be much less in the future. I try to think 100 times before investing so it's tough to say.


Zawya
2 hours ago
- Zawya
TAQA secures $2.3bln loan with participation of 3 UAE-listed banks
Abu Dhabi National Energy Company (TAQA) has secured an AED 8.50 billion corporate term loan facility to strengthen its balance sheet and support long-term growth. The two-year AED-denominated floating-rate facility, with a one-year extension option, will be utilized in phases to align with the group's capital and investment plans, according to a press release. Emirates NBD and FAB acted as joint bookrunners, mandated lead arrangers, and coordinators, while Mashreq Bank served as mandated lead arranger. The transaction will improve funding flexibility, diversify liquidity sources, and optimize its capital structure. Jasim Husain Thabet, CEO and Managing Director of TAQA, said: 'Securing this facility marks another step in delivering on TAQA's long-term growth strategy, reinforcing our ability to maintain a strong and flexible balance sheet to support future investments.' 'This facility demonstrates our ability to access competitive funding in our domestic currency, while retaining the ability to draw down in line with our capital and investment needs,' he added. The CEO concluded: 'The terms reflect the strength of our credit profile and the trust placed in us by our banking partners, ensuring we have the right financial foundations to continue delivering reliable and sustainable power and water to the communities we serve.' The facility adds to TAQA's $20 billion bond program and $3.50 billion credit line, strengthening its capacity to fund domestic and international investments in power, water, and low-carbon energy. In the first half (H1) of 2025, TAQA generated net profits after tax valued at AED 3.93 billion, versus AED 4.76 billion in H1-24. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (


Zawya
2 hours ago
- Zawya
Mideast Stocks: Gulf bourses end mixed in cautious trade ahead of Fed's symposium
Gulf stock markets ended mixed on Thursday, with higher oil prices lending some support and investors in cautious mood ahead of U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium on Friday. Crude prices, a catalyst for the Gulf's financial markets, rose with Brent up 0.3% to $67.07 a barrel by 1250 GMT, buoyed by signs of firm U.S. demand and uncertainty about the prospects of a deal to end the Ukraine war. The Qatari benchmark index pared early losses to close up 0.3%, driven by broad-based gains. Qatar Islamic Bank added 1.3% and Qatar Gas Transport advanced 1.2%. Despite Thursday's gain, the index saw its first weekly decline after an eight-week winning streak. Dubai's benchmark stock index edged up 0.1%, supported by a 1.0% gain in toll operator Salik and a 3.1% rise in Dubai Financial Market. Blue-chip developer Emaar Properties fell 0.7%, while Gulf Navigation lost 1.4%. "The market continues to consolidate near current levels after a prolonged period of gains. A correction is possible if the market cannot find sufficient support to break through the key resistance level around 6,200 points," said Hani Abuagla, senior market analyst at XTB MENA. Saudi Arabia's benchmark stock index slipped 0.1%, weighed by declines across most sectors. Saudi Awwal Bank fell 3.7%, and Saudi Aramco lost 0.7%. Meanwhile, Saudi crude exports in June fell to a three-month low, data from the Joint Organisations Data Initiative showed on Wednesday. The Abu Dhabi benchmark index was marginally lower, with First Abu Dhabi Bank down 0.5% and Lulu Retail off 1.6%, while Abu Dhabi National Energy Company (TAQA) gained 0.9%. The state-owned firm said it had secured an 8.5-billion-dirham ($2.3-billion) term loan to bolster liquidity and support growth. Investors across the region are focused on the Fed's annual research conference in Jackson Hole, running Thursday to Saturday, awaiting Powell's speech on Friday for clues on a potential rate cut as soon as next month. Monetary policy shifts in the U.S. have a significant impact on Gulf markets, where most currencies are pegged to the dollar. Outside the Gulf, Egypt's blue-chip index fell for a second session, ending down 0.3% as most constituents declined. Commercial International Bank slipped 0.5% and Arabian Cement dropped 2.5%. SAUDI ARABIA down 0.3% to 10,867 KUWAIT lost 0.2% to 9,282 QATAR up 0.3% to 11,343 EGYPT fell 0.3% to 35,622 BAHRAIN lost 0.1% to 1,931 OMAN rose 0.5% to 4,961 ABU DHABI ended flat at 10,200 DUBAI added 0.1% to 6,123 (Reporting by Md Manzer Hussain; Editing by Helen Popper)