Dubai-UAE: 19 August, 2009: Arab Media Group, the largest media group in the UAE, today announced it has signed a strategic agreement with the Al Naboodah Group aimed at a mutually beneficial exchange of services valued at over AED8 million.

The agreement was signed by Abdullatif Al Sayegh, CEO, Arab Media Group, and Saif Ali Nabooda, General Manager, Al Nabooda Automobiles LLC (Audi Middle East), in Dubai.

Abdullatif Al Sayegh said: "The deal highlights the role of media and its partnership with the private sector to offer niche services to specific market segments. We look forward to cementing further strategic agreements with the Al Nabooda Group, one of the strongest business houses in the region."

Ali Al Nabooda said: "We are very proud of our partnership with the Arab Media Group, one of the pioneering media organizations in the region. This partnership comes in line with our strategy to maintain the company's leadership position and maximize growth levels in the coming years."

BizXchange lead and facilitated the agreement between Arab Media Group and Al Naboodah Group.

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ABOUT ARAB MEDIA GROUP
Founded in March 2005, Arab Media Group (AMG) is one of the largest media conglomerates in the Middle East. Home of up to nine top-rating radio stations, three newspapers, television, online, logistics and distribution, printing, events management and outdoor advertising, AMG product offerings extend to all areas of media throughout the region.

Priding itself on its renown newspapers, AMG's Awraq Publishing includes the region's first business daily, Emirates Business 24|7, its Arabic counterpart Emarat Al Youm and the widely-circulated Al Bayan.

Arabian Radio Network (ARN), AMG's radio broadcasting arm, operates top rated radio stations, namely Dubai Eye 103.8, Dubai 92, City 1016, Hit 96.7, Noor Dubai 93.9, Al Khaleejiya 100.9, Al Arabiya 99 and Virgin Radio Dubai.

AMG also houses the Arabian Television Network (ATN), which was the official Middle Eastern broadcaster for internationally acclaimed channels - such as MTV Arabia and Nickelodeon - as well as AMG's most recent television venture, Noor Dubai.

AMG's online division, Arabian Online Network (AON), is one of the fastest growing divisions and serves as the organization's virtual supporter for all mediums.

About BizXchange: 
BizXchange is a b2b barter exchange offering companies tailored financial solutions to help improve and grow business. Clients buy and sell products and services with other exchange members using BizX trade credits.  BizXchange has offices in Dubai, Seattle and San Francisco. www.bizxtrading.com .

© Press Release 2009