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BANKING-
CBUAE + Chinese payment operator ink co-op agreement: The Central Bank of the UAE (CBUAE) signed an MoU with China’s Cross-Border Interbank Payment System (CIPS) operator to enhance payment infrastructure collaboration and boost cross-border transaction efficiency and security between the two countries, according to a statement (pdf). The two will also cooperate on risk, compliance, and operational resilience.
ADVERTISING-
Wildstone taps MMG to operate London advertising assets: Multiply Media Group (MMG) entered a long-term partnership with advertising assets firm Wildstone to manage premium digital out-of-home (DOOH) UK assets, according to a press release. The agreement grants MMG exclusive rights to operate a portfolio of advertising panels in London, marking its expansion into the UK. Wildstone's total portfolio includes 5.4k advertising panels in central London
The details: The first operational asset under this partnership is Wandsworth Roundabout, featuring four digital screens in a high-traffic area in London’s city center. MMG subsidiary BackLite Media will commercialize and operate the sites.
In context: MMG launched earlier this month as a unit consolidating Abu Dhabi-based investment firm Multipy Group’s three out-of-home portfolio companies — BackLite Media, Viola Media, and Media 247.
BUSINESS-
UK’s Axia Media opens Dubai office: UK-based financial and business services firm Axia Media Group established a new office in Dubai's financial district, according to a press release. The Dubai office will be led by Cain Kirby (LinkedIn) and will provide corporate tax planning, VAT advisory, business process optimization, and risk assessment services. It will support businesses and individuals with operations across multiple jurisdictions.
REAL ESTATE-
Peak Summit launches final AED 300 mn Orchard Place phase: Dubai-based Peak Summit Real Estate Development has launched Solena, the third and final phase of The Orchard Place residential project in Dubai’s Jumeirah Village Circle, according to a press release. The latest phase will see Tower D and E add over 400 new homes, with a gross development value (GDV) of AED 300 mn. The entire project has a GDV of AED 850 mn and completion is scheduled for July 2028.
