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UAE cracks down on social media influencers
The requirement will come into effect in three months
Multiply subsidiary Emirates Driving Company is acquiring a stake in fleet operator Mwasalat Holding
EDC’s net income rose 7.6% y-o-y to AED 68.8 mn in 1Q 2025
Multiply consolidates 3 UAE outdoor ad assets under new unit MMG
MMG will also increase its international advertising footprint
Dubai Holding’s Residential REIT and Moniify are in the int’l press
The offering drew interest from global hedge funds, long-only investors, and real estate specialists
Abu Dhabi’s RedBird IMI to sell the UK’s Telegraph to American PE Redbird Capital
The agreement would see RedBird Capital take majority control of the UK publication in a GBP 500 mn buyout
Deutsche Bank + Bitcoin Suisse receive ADGM permits
ALSO- The UAE Media Council tapped G42-backed Presight to develop a unified media AI and analytics platform
IFC backs UAE’s VUZ as it scales immersive media
The IFC’s investment marks a rare foray into consumer tech, signaling growing confidence in immersive media’s potential in emerging markets
Ayu Life Sciences to develop a AED 33 mn medical facility in Jafza
Dubai Center for Artificial intelligence launches a global AI investment hub
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