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Media & Advertising

Media and advertising news from the Middle East. All the important stories, exclusive interviews, plus authoritative opinion and analysis

Saudi Arabia advertising - digital growth

Middle East to be world’s fastest-growing ad market

The Middle East’s advertising market is on track to be the world’s fastest growing over the next two years, driven by Saudi Arabia’s ongoing transformation. The regional market, worth $5.9 billion last year, is forecast to grow 10 percent in 2023 and a further 6.2 percent in 2024, when its value will reach $6.9 billion. […]

The Blinx headquarters in Dubai Media City

Blinx launches to cater to ‘tech-savvy youth’

A new digital media centre has launched in the Middle East focusing on Gen Z and millennial content creation, storytelling and reporting. Dubai-headquartered Blinx (spelt as “blinx”) wants to capitalise on the region’s burgeoning media and entertainment industry, expected to be worth over $61 billion by 2028, according to research from Mordor Intelligence. Blinx will […]

Multiply Group IPO Media 247

UAE’s Multiply plans IPO after $61m ad agency deal

Abu Dhabi investment holding company Multiply Group is planning an IPO for its media and communications business Multiply Media after buying a stake in Dubai outdoor advertising agency Media 247. The plan was announced after Multiply completed a deal to buy a 55 percent majority stake in Media 247 for AED225 million ($61.3 million). Media […]

Beyond One Virgin Mobile Latin America

Dubai tech company buys Virgin Mobile Latin America

A Dubai technology investment company has bought Virgin Mobile Latin America, a mobile virtual network operator with operations in Mexico and Colombia. The acquisition by Beyond One follows its buyout in February of Virgin Mobile Middle East and Africa, which serves Saudi Arabia, the UAE, Oman and Kuwait.   A mobile virtual network operator is a provider […]

Starzplay CEO Maaz Sheikh Video length: 5:59

UAE streamer Starzplay is ‘not chasing Netflix’

Video-on-demand service Starzplay is capitalising on its sports and Arabic content offering to attract subscribers and increase revenues.  The UAE-based platform was acquired by e& subsidiary E-vision and Abu Dhabi holding company ADQ last year. It has 2.9 million subscribers across 19 countries in the Mena region and Pakistan. Competitors such as Netflix and Dubai-based […]

The Mena music and audio industry is forecast to grow at a compound annual growth rate of 11 percent, outpacing the global market

SRMG’s venture capital arm invests $5m in Anghami

SRMG Ventures, the venture capital arm of the Saudi media company behind brands such as Asharq Business and Arab News, has invested $5 million in streaming platform Anghami. Anghami launched in 2012 and has 120 million registered users, up from 75 million users in 2021, and a catalogue comprising over 100 million songs. The first […]

Newspaper, Text, Adult

Daily Mail seeks Middle East investors for Telegraph bid

The Daily Mail and General Trust has registered its interest with British bank Lloyds for a potential bid for The Telegraph, a spokesperson told Reuters on Saturday. However, while it has been engaging with several parties, DMGT does not yet have any formal plans and there is no consortium, the spokesperson added. Sky News earlier […]

UAE publisher in pact to take Arabic literature global

New York-headquartered publishing company Penguin Random House and Kalimat Group, a UAE-based publisher of Arabic books, have partnered to bring more Arabic literature to readers globally. The pact will increase the range of titles available in international markets. The collaboration will initially focus on publishing fiction from their extensive rosters of authors, bringing a diverse range […]

Tesla Musk

Elon Musk reverses course on Tesla advertising its cars

Tesla Inc boss Elon Musk, who has never used traditional advertising to sell cars, said on Tuesday that the automaker would try it and see whether it produced results. Musk said it was “ironic” that as CEO of Tesla, he now owns Twitter. The social media platform is highly dependent on ads and will soon […]

Dubai real estate value

Luxury comes at a price for Dubai’s real estate brokers

The cameras have all but stopped rolling on the third series of Dubai Hustle, a BBC docudrama that tracks the lives of real estate brokers in one of the world’s ritziest cities. Glamour junkies await their fix of tears and laughter, clothes and interiors – and firings and hirings – which feature in the lives […]

Saudi Arabia launches $234m fund for emerging film sector

Saudi Arabia’s Cultural Development Fund (CDF) has launched a SAR 879 million ($233.9 million) film sector financing program to support local content and promote filmmaking. The programme is open to local and international companies in the kingdom’s emerging film sector. It will further encourage a sustainable and thriving film industry by empowering small and medium […]

Text, Sunglasses, Accessories

Twitter to hike Blue pricing to $11 for iPhone app users

Twitter Inc plans to change the pricing of its Twitter Blue subscription product to $11, from $7.99, if paid for through its iPhone app and to $7 if paid for on the website, the Information reported on Wednesday, citing a person briefed on the plans. The move was likely a pushback against Apple Inc’s 30 […]