logo
UAE grants music management licence as streaming market tipped to hit $2.3bn

UAE grants music management licence as streaming market tipped to hit $2.3bn

The UAE Ministry of Economy granted its second collective music management licence to Music Nation during a ceremony held at its headquarters in Dubai.
The licence authorises the organisation to manage the distribution of rights on behalf of music creators and performers, while also ensuring nationwide compliance among music platforms.
It comes as the streaming market is tipped to hit $2.3bn by 2030 and musical artists and producers in the region look to monetise works.
UAE music management
The announcement was made during an event attended by Abdullah Ahmed Al Saleh, Under-Secretary of the Ministry of Economy, and Dr. Abdulrahman Hassan Al Muaini, Assistant Under-Secretary for Intellectual Property.
The Ministry confirmed that the licence was issued in accordance with Federal Decree-Law No. 38 of 2021 concerning copyright and related rights.
It marks the continuation of the Ministry's efforts to strengthen intellectual property frameworks in the UAE, following the first collective management licence awarded to the Emirates Music Rights Association in April 2025.
Al Saleh said: 'Under the vision of our wise leadership, the UAE has placed strategic emphasis on enhancing the competitiveness of its cultural and creative industries, driving their growth both regionally and globally.
'Recognising their vital role in national economic growth, we are committed to fostering public-private collaboration to cultivate an enabling environment for talent and innovation.
'By elevating the creative economy's legislative framework to world-class standards, we aim to expand the private sector's participation in it, in line with the National Strategy for Cultural and Creative Industries 2031.'
The Under-Secretary said: 'The Ministry remains committed to establishing a world-class copyright governance system, drawing on international best practices. We are achieving this through strengthening legal and regulatory frameworks, fostering investment in creative sectors, and implementing robust collective management systems.
'These measures safeguard intellectual property rights while building creators' trust in the nation's creative ecosystem.'
'The collective music management licence serves as a catalyst for cultural innovation while safeguarding artists' intellectual property rights. Through establishing transparent revenue distribution systems and fair compensation mechanisms, it elevates the UAE's music industry – enhancing its global competitiveness and positioning our nation as a premier hub for creative enterprises'.
Al Saleh emphasised that awarding the licence to Music Nation marks a strategic milestone in the UAE's commitment to fostering creativity.
The initiative unlocks new opportunities for artists, writers, and producers while strengthening rights protection and leveraging creative-economy tools – ultimately positioning the sector as a key driver of national economic growth.
Dr. Abdulrahman Hassan Al Muaini said: 'Our music industry is witnessing remarkable growth, fuelled by an expanding ecosystem of creative enterprises and world-class events. Dubai alone boasts 350 live music venues, while the national streaming market generated $841.9m in 2024 – projected to nearly triple to $2.3bn by 2030.
'To sustain this momentum, the Ministry of Economy is prioritising robust legislative frameworks that will further catalyse the creative economy and foster artistic innovation.
'Building on last month's inaugural licence granted to the Emirates Music Rights Association, today marks another significant milestone with the official authorisation of Music Nation.
'We are actively collaborating with local and global partners, including industry associations and legal experts, to share best practices that drive sector growth.
'In tandem, we're expanding awareness initiatives to ensure artists, composers, and producers fully leverage these licences to protect both their creative works and financial interests.'
Rasha Khalifa Al Mubarak, Chairwoman of the Board of Directors for Music Nation, said: 'Today marks a pivotal moment for the UAE and Music Nation. After years of careful planning, Music Nation is positioned to become a cornerstone of music licensing, empowering the Emirates' vibrant creative industry.
''As an Emarati, I am honoured to establish a world-class music rights infrastructure that not only elevates local artists to greater heights, but also showcases our rich musical heritage and cultural traditions to the world.
'In partnership with industry leaders BMI and SoundExchange, our cutting-edge technology and services will protect music rights holders and propel the UAE's music economy to new frontiers'.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Abu Dhabi partners with FilmGate to boost UAE film industry, 15 productions planned
Abu Dhabi partners with FilmGate to boost UAE film industry, 15 productions planned

Arabian Business

time16 minutes ago

  • Arabian Business

Abu Dhabi partners with FilmGate to boost UAE film industry, 15 productions planned

Abu Dhabi's Creative Media Authority (CMA) has signed a strategic partnership with leading Emirati-owned production house FilmGate to supercharge the emirate's content creation ecosystem and nurture homegrown talent. Under this landmark agreement, FilmGate will produce at least 15 productions in Abu Dhabi over the next five years, employing 50 per cent local production talent from within CMA's creative ecosystem. The collaboration includes a robust learning and development programme featuring: Annual industry workshops hosted by FilmGate on specialist production topics Four six-month paid internships per year for young Emirati creatives Pathways to permanent employment within the media and film production industry Abu Dhabi film industry Mohamed Dobay, Acting Director-General of Creative Media Authority, said: 'Establishing partnerships with local and regional production leaders is a key element of our industry development strategy to make Abu Dhabi a global content hub. 'Alongside attracting the major Hollywood and Bollywood productions, it is critical that we support and increase the Arab content produced in Abu Dhabi to ensure we are building an ecosystem where Emirati and wider Arab narratives can thrive. 'The partnerships we are curating are designed to deliver unrivalled opportunities throughout the ecosystem, from employment for our 1000 plus registered freelancers to intern opportunities for our young creatives; these partnerships support on all levels.' FilmGate will also benefit from Abu Dhabi Film Commission's newly enhanced production rebate scheme, which now offers cashback incentives starting at 35 per cent and up to 50 per cent for qualifying productions that meet specific criteria. Founded by acclaimed Emirati filmmaker Mansoor Al Yahbouni Al Dhaheri, FilmGate brings years of award-winning experience to the table. Al Dhaheri's work has been featured at global festivals, including the Abu Dhabi Film Festival, Dubai International Film Festival, and Gulf Film Festival. Notable projects include Little Sparta (2016), The Platform (3 seasons), Swim 62 (2023), and The Misfits (2021). Mansoor Al yahbouni al Dhaheri, Chief Executive Officer and Founder of FilmGate, said: 'It is a significant year for Abu Dhabi with the new rebate for production starting January 1 and a partnership of this nature with Creative Media Authority will allow us to maximise all that Abu Dhabi offers in terms of filming locations, creative infrastructure, talent and financial support to produce more content than ever before.'

Qatar posts $138m budget deficit in Q1 2025
Qatar posts $138m budget deficit in Q1 2025

Arabian Business

time17 minutes ago

  • Arabian Business

Qatar posts $138m budget deficit in Q1 2025

Qatar recorded a budget deficit of QR500m ($138m) in the first quarter of 2025, according to data released by the Ministry of Finance (MoF). The deficit, which covers the months of January through March, was financed through debt instruments, the ministry confirmed via its official statement on social media platform X. The total revenues for Q1 2025 stood at QR49.4bn ($13.56bn), marking a 7.5 per cent decrease compared to the same period in 2024. Breaking down the revenue: Oil and gas revenues amounted to QR 42.5bn ($11.68bn) Non-oil revenues contributed QR 6.9bn ($1.9bn) On the expenditure side, Qatar spent QR49.9bn ($13.7bn) in Q1 2025, reflecting a 2.8 per cent year-on-year decrease. Spending was distributed across key categories: Salaries and wages: QR16.9bn ($4.64bn) Current expenditures: QR18.5bn ($5.08bn) Major capital expenditures: QR13.1bn ($3.59bn) Minor capital expenditures: QR 1.2bn ($330m) Qatar economy The MoF also reported that government procurement contracts during Q1 2025 totalled QR6.4bn ($1.76bn). Notably, contracts awarded to foreign firms reached QR1.5bn ($412m) — a 50 per cent surge compared to Q1 2024, underscoring Qatar's expanding engagement with international partners. Among sectors leading economic activity based on the Business Activity Index were: Municipality and environment Health Energy

Dubai virtual asset watchdog VARA grants licence to tokenisation platform Ctrl Alt
Dubai virtual asset watchdog VARA grants licence to tokenisation platform Ctrl Alt

Arabian Business

time17 minutes ago

  • Arabian Business

Dubai virtual asset watchdog VARA grants licence to tokenisation platform Ctrl Alt

Ctrl Alt, a tokenisation infrastructure platform, as of today, has secured its licence from Dubai's Virtual Assets Regulatory Authority (VARA) to function as a Virtual Assets Service Provider (VASP). Ctrl Alt is the first VASP allowed to conduct issuer-related services, marking a significant step in Ctrl Alt's global expansion and underlines its dedication to wielding robust regulatory frameworks. Ctrl Alt was given a VARA licence that permits the company to administer licensed activities that include Broker-Dealer services and Issuer services. VARA approves Ctrl Alt VARA has granted a licence that permits Issuer services for the first time, a monumental achievement for Ctrl Alt. This license allows Ctrl Alt to conduct a full-stack, regulatory-compliant platform for the design, control and distribution of tokenised real-world assets and ARVA tokens. The latest example of this is Ctrl Alt's partnership with the Dubai Land Department (DLD) on their Real Estate Tokenisation Project, where Ctrl Alt formed the structure to mint and place real estate tokens on-chain. Dubai has established itself as a global leader in innovation and digital assets, particularly in the field of tokenisation. Backed by progressive regulatory frameworks and a forward-thinking strategic vision, the emirate has solidified its reputation as a hub for digital and financial innovation. Since its launch in 2022, the Virtual Assets Regulatory Authority (VARA) has played a crucial role in driving the growth of Dubai's digital economy. This supportive environment was a major factor in Ctrl Alt's decision to set up operations in the region in 2024. 'We are proud to receive our VARA licence and establish fully regulated operations in the UAE. This achievement reflects our commitment to long-term regulatory alignment as we power the infrastructure for the next generation of financial products,' Matt Ong, Founder and CEO at Ctrl Alt said in a statement. 'Securing our VARA licence marks a pivotal moment not just for Ctrl Alt, but for the broader digital asset ecosystem in the region. Dubai's progressive regulatory environment provides a strong foundation for innovation in tokenisation and we're proud to contribute to that vision by delivering secure, compliant tokenisation infrastructure for real-world asset issuance,' Robert Farquhar, Head of MENA at Ctrl Alt, added. This approval means Ctrl Alt becomes part of a developing ecosystem of licensed VASPs in one of the world's most innovative and ambitious regulatory environments for Web3 and digital asset innovation.

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