{"id":104818,"date":"2025-06-20T00:00:00","date_gmt":"2025-06-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/cbuae-and-chinas-cips-partner-on-cross-border-payments\/"},"modified":"2025-06-20T00:00:00","modified_gmt":"2025-06-20T00:00:00","slug":"cbuae-and-chinas-cips-partner-on-cross-border-payments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/06\/20\/cbuae-and-chinas-cips-partner-on-cross-border-payments\/","title":{"rendered":"CBUAE and China\u2019s CIPS partner on cross-border payments"},"content":{"rendered":"

\n

BANKING-<\/p>\n

CBUAE <\/strong>+ Chinese payment operator ink co-op agreement:<\/strong> The Central Bank of the UAE (CBUAE) signed an MoU with China\u2019s 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)<\/a>. The two will also cooperate on risk, compliance, and operational resilience.<\/p>\n

\n

ADVERTISING- <\/p>\n

Wildstone <\/strong>taps MMG to operate London advertising assets:<\/strong> 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<\/a>. 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 <\/p>\n

The details:<\/strong> The first operational asset under this partnership is Wandsworth Roundabout, featuring four digital screens in a high-traffic area in London\u2019s city center. MMG subsidiary BackLite Media will commercialize and operate the sites.<\/p>\n

In context:<\/strong> MMG launched earlier this month<\/a> as a unit consolidating Abu Dhabi-based investment firm Multipy Group\u2019s three out-of-home portfolio companies \u2014 BackLite Media, Viola Media, and Media 247.<\/p>\n

\n

BUSINESS-<\/p>\n

UK\u2019s Axia Media opens Dubai office: <\/strong>UK-based financial and business services firm Axia Media Group established a new office in Dubai's financial district, according to a press release<\/a>. The Dubai office will be led by Cain Kirby (LinkedIn<\/a>) 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.<\/p>\n

\n

REAL ESTATE-<\/p>\n

Peak Summit launches final AED 300 mn Orchard Place phase: <\/strong>Dubai-based Peak Summit Real Estate Development has launched Solena, the third and final phase of The Orchard Place residential project in Dubai\u2019s Jumeirah Village Circle, according to a press release<\/a>. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Wildstone taps Multiply\u2019s MMG to operate London advertising assets<\/p>\n","protected":false},"author":1,"featured_media":104819,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1552],"tags":[47,159,1357,157,87,7,814,98,965],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-banking","tag-business","tag-central-bank-of-the-uae","tag-dubai","tag-enterpriseam-uae","tag-multiply-group","tag-real-estate","tag-uae-china-relations","wpautop","entry"],"acf":{"mongo_id":"06c42df5-6ae0-4edb-9345-e8153e1a7b74","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1142.jpg","photo_position":"above","homepage_title":"","full_issue_title":"CBUAE and China\u2019s CIPS partner on cross-border payments","related_issue":[104798],"teaser":"Plus: Wildstone taps Multiply\u2019s MMG to operate London advertising assets","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.32a49afc-4a8f-4ad5-8150-c63b26bec6d3.mp3"},"yoast_head":"\nCBUAE and China\u2019s CIPS partner on cross-border payments - 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