logo
UAE media powerhouse IMI relocates headquarters to Yas Creative Hub

UAE media powerhouse IMI relocates headquarters to Yas Creative Hub

Campaign ME05-02-2025

IMI, the UAE-based global media powerhouse, has relocated its headquarters to twofour54's Yas Creative Hub, occupying an entire building within the creative campus spanning more than 16,500 square metres.
With more than 600 media professionals relocating, the new headquarters includes the IMI Welcome Centre, which houses the IMI News Stand, offering a collection of 1,000 curated books, and the IMI News Lens, an immersive AI-powered news experience.
IMI's portfolio includes prominent brands such as Arabic news network Sky News Arabia; English-language news outlet The National; multilingual digital news platform Al-Ain News; and dedicated Arabic-language business news platform CNN Business Arabic.
In addition, IMI operates Redbird IMI, a joint venture investment vehicle focused on media, sports, and entertainment brands. IMI is also home to the IMI Media Academy, a dedicated training facility aimed at nurturing the next generation of media professionals through world-class training and development programmes.
Mark Whitehead, CEO of twofour54, said: 'Abu Dhabi has an established global reputation as a sought-after location for media and TV production. Yas Creative Hub supports this reputation as the ideal destination for businesses looking to tap into the sector's impressive growth trajectory.
Whitehead added, 'IMI's presence at Yas Creative Hub complements twofour54's mission to foster a vibrant community of global enterprises, local businesses, and creative talent. We look forward to support them and other media companies choosing Abu Dhabi for their next chapter.'
With a global presence that includes offices in London, Washington DC, Beirut, and Cairo, IMI's relocation underscores the growing appeal of twofour54's Yas Creative Hub as a base for international media organisations.
Yas Creative Hub offers facilities such as production studios, premium office spaces, networking rooms and environmentally friendly workspaces that foster creativity and collaboration.
Rani R. Raad, CEO of IMI and President and Operating Partner of Redbird IMI, said, 'Our relocation to IMI's new state-of-the-art headquarters in Yas Creative Hub marks a significant milestone, as we continue to connect people and enrich lives through impactful and innovative storytelling.'
'These modern facilities have provided us with the ideal environment to establish cutting-edge studios and introduce immersive experiences to our guests and employees that will redefine how we create and share stories. We are excited to be a key part of Yas' creative community at twofour54, which thrives on collaboration and forward-thinking ideas,' Raad added.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Dubai: Grant or loan? Housing assistance for citizens explained
Dubai: Grant or loan? Housing assistance for citizens explained

Khaleej Times

time3 hours ago

  • Khaleej Times

Dubai: Grant or loan? Housing assistance for citizens explained

Navigating government housing assistance can be confusing, but it doesn't have to be. Whether you're building your first home, need a prefabricated home, or want to renovate and maintain your existing home, understanding the difference between grants and loans is the first step. Here's what you need to know and how to determine if you qualify. The Mohammed bin Rashid Housing Establishment continues to support Dubai citizens with housing services through two main options: housing grants and housing loans. Each option is designed to meet the needs of applicants based on their income, marital status, and living conditions. According to the Establishment's website, its mission is to provide housing services to those eligible, prioritising and addressing their needs, ensuring a decent life for them, and preserving the characteristics and benefits of the residential communities it establishes. Who Can Apply? Dubai citizens can apply for a grant or loan, subject to several eligibility criteria. Housing grants are generally provided to widows, divorcees with children, people of determination, and low-income families who do not own a property registered in their name in Dubai or other emirates. The applicant must be an Emirati holding a Dubai passport, and the property must be located in Dubai. On the other hand, housing loans are typically granted to citizens with a stable income who are able to repay the loan over a period of time. Applicants must be at least 22 years old, employed in the government or private sector, or self-employed, with proof of income. They must not have previously received housing support from federal or local entities. Married applicants, especially those with children, are given priority for both types of support. In some cases, separated or divorced individuals may apply jointly or individually, depending on the custody status and court rulings. According to WAM, the Foundation's responsibilities include allocating residential land, constructing housing and residential complexes, allocating them to beneficiaries, leasing them, providing soft loans and financial grants necessary for the construction and purchase of housing, and covering the costs of maintenance, additions, or replacement. The Foundation also rehabilitates existing housing for citizens in older areas of the emirate, resettling them in these areas, improving housing services, and undertaking all necessary actions, including the purchase, ownership, reconstruction, or renovation of housing, in coordination with relevant government agencies. Required documents Applicants must prepare a set of official documents, including: A copy of their Emirates ID card and family book Proof of income (such as a salary certificate or bank statement) A valid land title deed or signed approval (if applying for construction support) Marriage certificate (if applicable) Court documents in the event of divorce or custody Medical reports if applying under the category of people with special needs All documents must be submitted through official channels and updated continuously throughout the process. Financial details Eligibility is also affected by the applicant's income. While there is no fixed minimum, grants are typically awarded to those with a monthly income of less than Dh15,000, while loans are granted to those with incomes above this limit, based on their ability to repay. The maximum support provided by the Mohammed bin Rashid Housing Establishment can reach up to Dh1 million, depending on the type of housing product and the assessment of the case. Financial loans are granted to beneficiaries pursuant to a contract concluded between the Establishment and the beneficiary. This contract specifies the loan amount and its purpose, the method, amount, and duration of the collection guarantee, and any other conditions the Establishment deems appropriate. Regarding collection, financial loans are collected in monthly installments, the amount of which is determined according to regulations and standards. The beneficiary's monthly income is taken into account when determining the installment amount, and the full loan repayment period must not exceed twenty-five years. How to apply The process begins by creating an account on the Mohammed bin Rashid Housing Establishment's smart platform or using the Dubai Now app. Applicants must complete the online application form and upload all necessary documents. After submitting the application, it undergoes an initial review phase, followed by a technical and financial evaluation. The Mohammed bin Rashid Housing Establishment also provides advisory support for those unsure of which service is right for them. The Khaleej Times recently reported that the Foundation had implemented a training initiative for citizens on efficient and sustainable housing construction. Participants were provided with a detailed guide covering housing services, construction guidelines, and smart systems, as well as sustainable home management practices. They also learned how to estimate construction costs, determine an appropriate budget, choose the right home dimensions, and align the home design with the family's needs and financial resources. In addition, participants were introduced to the differences between building a new home and purchasing a ready-made home, as well as an overview of available financing options. Types of housing support The Mohammed bin Rashid Housing Establishment offers a variety of housing grants and loans, designed to meet the various stages of a citizen's housing search journey. Among the most common types of grants are: Construction grants for citizens who own land but cannot afford construction costs. Home maintenance grants for families living in old properties that need urgent repairs. Ready-built home purchase grants for low-income families eligible for a ready-built home. Replacement grants for the demolition and reconstruction of unsafe buildings. For housing loans, there are a variety of options to suit different income brackets: Each type has specific conditions, repayment terms (for loans), and technical requirements. The Corporation's responsibilities, also include owning, constructing, leasing, and renting land and real estate; designing and implementing residential units and complexes for beneficiaries, either by itself or through institutions and companies it contracts for this purpose; and designing and implementing service facilities related to these units and complexes, in coordination with relevant government agencies.

6 trends reshaping the future of retail: Robot shopkeepers, AI assistants, private labels and more
6 trends reshaping the future of retail: Robot shopkeepers, AI assistants, private labels and more

Arabian Business

time5 hours ago

  • Arabian Business

6 trends reshaping the future of retail: Robot shopkeepers, AI assistants, private labels and more

The global retail sector is on the cusp of sweeping transformation over the next decade, according to a new report by Bain & Company. Titled ' The Future of Retail: Six Disruptions That Could Shape the Next Decade,' the report urges retailers to look beyond immediate pressures like inflation and tariffs, and instead focus on long-term structural shifts driven by technology, consumer behaviour, and new economic models. Marc-André Kamel, partner and global head of Bain & Company's Retail practice, said: 'Retail is on the brink of transformation. These disruptions are not speculative, they're already taking hold. 'As businesses manage tariff turbulence and other immediate concerns, they can't afford to lose sight of the long-term evolution of the strategic landscape. Our research convinces us that the industry will be comprehensively altered over the next five to 10 years, setting the stage for a retail renaissance.' Six key disruptions changing retail forever Algorithms and robots will run businesses: Automation will dominate pricing, promotions, and merchandising – leaving behind retailers that resist AI integration Customers will cheat on brands with AI shopping agents: As AI assistants make purchasing decisions, brand loyalty and digital marketing strategies will need a full rethink Value will become more personal and contextual: Real-time, data-driven personalisation will outweigh price as a key driver of customer satisfaction Grocers will evolve into fast-moving consumer goods powerhouses: The rise of private-label brands will blur lines between retailer and supplier, offering exclusive products and higher margins You might not need as many stores as you think: Brick-and-mortar locations must evolve – potentially serving as fulfilment centres, brand experiences, or subleased spaces The hunt for scale will cross borders: Global M&A and strategic alliances will be essential for retailers to fund tech upgrades and remain competitive Retailers are increasingly moving beyond traditional trade, tapping into new revenue streams in: Retail media Third-party marketplaces Financial services Logistics According to Bain, these 'beyond trade' activities accounted for 15 per cent of sales and 25 per cent of profits in 2024, up from just 10 per cent in 2021. Kamel said: 'No one can predict the future with certainty but we're already seeing how the winning retailers are diversifying their trade. Scenario planning can help retail leaders think beyond the quarterly cycle and get ready for what's coming. 'Those who act early and reinvest strategically will help lead a new era of retail excellence.'

Dubai's Global Village opens vendor applications for Season 30 as visitor numbers hit 10.5m
Dubai's Global Village opens vendor applications for Season 30 as visitor numbers hit 10.5m

Arabian Business

time5 hours ago

  • Arabian Business

Dubai's Global Village opens vendor applications for Season 30 as visitor numbers hit 10.5m

Global Village Dubai has officially opened applications for vendors to participate in its milestone Season 30, inviting proposals for the 'Restaurant and Coffee Shops' and 'Open Market' categories. Entrepreneurs, culinary innovators, and retail traders are encouraged to submit their concepts for key areas across the attraction, including popular zones such as Road of Asia and the iconic Indian Chaat Bazaar. There is also an opportunity to propose new open market ideas, making Season 30 a launchpad for fresh, high-impact business concepts. Global Village in Dubai The call for proposals follows the success of Season 29, which welcomed a record 10.5m visitors and featured: More than 3,500 retail outlets More than 250 dining experiences More than 75 new partners 80 new concepts launched across categories This performance underscores the high visibility and business potential that Global Village offers to participants each year. Global Village continues to serve as a powerful platform for entrepreneurial growth, combining footfall, diversity, and world-class infrastructure. Its focus on cultural celebration, unique shopping experiences, and international cuisine attracts a broad visitor base from across the UAE and beyond. The venue's reputation for business support, operational stability, and innovation-friendly environment makes it an attractive destination for startups and established brands alike. How to apply

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store