MAM
Publicis enters Palestine, buys 20% of Zoom Advertising
MUMBAI: Publicis Groupe has become the first publicly-listed international communications group to enter the Palestinian market space, purchasing 20 per cent equity stake in Massar International‘s subsidiary Zoom Advertising based in Ramallah.
This announcement comes close on the heels of Publicis‘ announcement of the acquisition of Israeli advertising and communications firm BBR.
Post the stake acquisition, Zoom Advertising will be renamed Publicis Zoom and will be aligned with the Publicis Worldwide global network. General manager Firas Awad and managing partner Jane Masri will continue to lead the 23 employee strong company.
Palestine is the latest addition to Publicis Worldwide‘s expanding Middle East presence joining agencies in UAE, Egypt, Jordan, Kuwait, Saudi Arabia, and Qatar.
Founded in 2004, Zoom provides digital and interactive tools, has expertise in multimedia applications, and provides creative and brand strategy services. It has corporate clients across market sectors including Bank of Palestine, the Paltel Group, the Palestine Exchange, Coca-Cola, the European Union, UNICEF, UNRWA, Peugeot, Cairo-Amman Bank and the new Palestinian planned city of Rawabi.
Publicis Groupe chairman and CEO Maurice Levy said, “This transaction is important on several levels. One key element, of course, is Publicis‘ desire to serve our clients wherever they work.
But the impact of this operation extends much further than that. It is also a call to French and international companies to set up in the region and to contribute to creating the economic development without which there can be no durable peace.”
Publicis Groupe COO Jean-Yves Naouri added, “Zoom Advertising‘s excellent track record in the Palestinian digital and interactive markets made it a natural partner for Publicis Groupe, with its focus on fast growing markets and digital as its two strategic pillars. The Arab world is embracing digital technology at an unprecedented pace, as was demonstrated during the events of the Arab spring, and Palestine is no exception.”
Zoom board chairman Bashar Masri stated, “Today‘s deal is a key step towards the goal of fostering an enabling business environment for private sector growth and development, and I am confident that more investments like this one are on the horizon.
The fact that a Palestinian company passed the rigorous due diligence procedures of a global, publicly-listed company like Publicis Groupe should send a very strong message to the Palestinian private sector. I am particularly proud that Zoom was the company to achieve this milestone for the communications industry in Palestine.”
Brands
Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
