Mediaquest, a Dubai-based publisher, has acquired the business portal AME Info and its sister site SME Info to enhance its digital media presence and support small businesses in the region.
Information on the Target
Mediaquest, a Dubai-based publishing company, has successfully acquired the business news portal AME Info along with its sister site, SME Info, which focuses on small businesses. Both platforms are recognized for their significant reach in the regional business community, attracting over 2.4 million unique visitors each month. AME Info is notably one of the oldest news websites in the Middle East, having been established in 1993, and was previously owned by Emap, which was later rebranded as Top Right Group.
The acquisition is aimed at bolstering Mediaquest's portfolio and enhancing the development of the AME Info and SME Info brands. Julien Hawari, the co-CEO of Mediaquest, emphasized the potential for growth and further brand development, citing the importance of these platforms in an area where entrepreneurship is crucial due to employment challenges.
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Industry Overview in the Target’s Specific Country
The Middle East's publishing and media landscape has evolved rapidly in recent years, driven by digital transformation and a growing demand for online content. The region has witnessed a surge in internet penetration, which has
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Mediaquest
invested in
AME Info
in 2013
in a Other deal