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With the presence of the media industry and clients, Ikoo.com, the region's online advertising network hosted an online digital seminar discussing the rise of online advertising in Kuwait.

Arabian Business reports that Dubai’s publishing house, The Media Factory, is understood to be in a critical financial situation, having laid off many of its staff in the recent months and losing several of its contracts. The report stated that Mediaquest are currently in talks to acquire TMF, and are now negotiating over the price. However, TMF Director Russell Frame flatly denied negotiations were taking place.

Omnicom Media Group will be holding its first annual event on innovative approaches in media this week, bringing world-class thinking to media and marketing professionals. The forum will be held in both Dubai and Abu Dhabi on November 8th and 9th.

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.