Mediaquest Corp has acquired the publishing and events divisions of Gray Business Communications in a 'multi-million dirham' deal. The deal takes effect from January 2, 2008. It will add a number of brands to the Mediaquest's portfolio including the Gulf Marketing Review, GMR-Online, Al Tasweeq Al Arabi and RaceWeek.

Mediaquest also takes over a number of specialist sports publications in addition to the GBC Events division.

Read more at AMEInfo.com.