A Memorandum of Understanding (MoU) articulating cooperation between the two sides was recently signed by Abdullatif Al Sayegh, CEO, Arab Media Group and Abdul Baset Al Janahi, CEO of SME.
According to the agreement, SME members will receive reduced advertising rates in all newspapers published by Awraq Publishing, including Emirates Today, Emarat Alyoum and Al Bayan.
Members will receive further discounts on radio spots on eight stations under the Arabian Radio Network, including Noor Dubai, Khaleejiya, Arabiya, Dubai Eye, Dubai 92, City FM, Hit FM and Awaaz FM. This agreement will be extended to include all upcoming projects at AMG.
Commenting on the agreement, Abdullatif Al Sayegh said: "This partnership will encourage and support young business leaders entering the highly competitive private sector. The preferential advertising rate offered by AMG to SME member companies will help minimise the overheads and operational costs of member start up companies, and eventually empower national entrepreneurs."
Responding to AMG's initiative, Abdul Baset Al Janahi said: "Our vision is to promote and encourage the national entrepreneurial spirit in order to catalyze the development and growth of the economy. The agreement with Arab Media Group underlines our efforts to achieve this goal by empowering small and start up companies through collaboration with leading national organizations."
AMG and SME will periodically review the viability and growth of the businesses during the contract period.
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Arab Media Group signs MoU with Sheikh Mohammed Bin Rashid Establishment for Young Business Leaders
- United Arab Emirates: Monday, December 18 - 2006 at 14:28
- PRESS RELEASE
The Arab Media Group today announced it will offer a 50 per cent discount off advertising rates for one year to members of the Sheikh Mohammed Bin Rashid Establishment for Young Business Leaders (SME).
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About Arab Media Group:Founded in March 2005, AMG is the largest media group in the UAE. Priding itself on ideas, solutions speed and impact, AMG has a diverse range of media ownership. Its radio operation (ARN) broadcasts across eight radio frequencies, making it the single biggest radio operator in the region. The publishing division (Awraq Publishing) currently operates three daily newspapers and a number of magazines. The event company (Done Events), operates on both an entertainment and corporate level and is credited with being the first operator to bring a Broadway show (Chicago) to the UAE, and has run a number of premier corporate launches. The outdoor advertising company (Shoof Advertising), operates a number of locations across the city of Dubai - and the group has growing interest in its newer ventures - a independent distribution company (Tawseel) and its printing press house (Masar). AMG is currently in the development stages of several additional media related ventures. Arab Media Group has four Dubai locations and several International offices. With an employee count of 1,500, AMG guarantees continuous growth and development of future media leaders by implementing the innovative vision it incessantly values.
About Mohammed bin Rashid Establishment for Young Business Leaders
The Mohammed Bin Rashid Establishment for Young Business Leaders was launched in June 2002. The vision of the Establishment is to nurture the domestic entrepreneurial spirit in Dubai and catalyze the development and growth of a key sector of the economy, the Small and Medium Business sector. The Establishment's core mission is to encourage and facilitate the development of local businesses and entrepreneurial activity in the UAE. To this end, the Establishment offers various incentive measures and well co-ordinated programs to the local business community. The services of the SME extend to both entrepreneurs with an existing business and budding entrepreneurs.
For further information, please contact:
Maliha Aqeel
Jiwin
Tel: +9714 361 3333
Fax: +9714 368 8001
Posted by Lara Lynn Golden, News EditorMonday, December 18 - 2006 at 14:28 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Wed Apr 04 2007.
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