Saudi film producer clinches distribution deal with Vox

Updated 08 March 2018
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Saudi film producer clinches distribution deal with Vox

LONDON: Saudi Arabian film animation producer Myrkott has signed an exclusive distribution agreement with Dubai-based Vox Cinemas, the largest movie operator in the Middle East.
Vox will distribute the company’s films to all theaters in the Gulf and North Africa.
Myrkott is behind the YouTube animated hit Masameer which has attracted more than 700 million views.
Mohamed Al-Hashemi, country manager in KSA for Majid Al Futtaim Ventures (the leisure and entertainment company that owns and operates Vox) said:
“Myrkott is proof that Saudi creative industries are going to be a powerful player regionally and internationally in the years to come.”
He added: “Vox Cinemas is delighted to provide Myrkott with the regional distribution pedigree that will help their already hugely successful content find new audiences.”
Part of the distribution agreement will include a feature film version of Masameer that has enthralled Middle Eastern audiences.
At the end of last month Vox provided its first screenings to the Kingdom with a program that aimed to raise awareness of Alzheimer’s disease within the Gulf Cooperation Council region.
Vox, with 29 cinema complexes and 294 screens across the Middle East and North Africa, is the region’s largest and most rapidly growing cinema chain.


Urgency needed to boost Palestinian economy: IMF chief

Updated 26 June 2019
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Urgency needed to boost Palestinian economy: IMF chief

  • The MF has been warning of severe deterioration in the Palestinian economy
  • ‘If there is an economic plan, if there is urgency, it’s a question of making sure that the momentum is sustained’

MANAMA: IMF chief Christine Lagarde said Wednesday that major economic growth was possible in the Palestinian territories if all sides showed urgency, as she took part in a US-led conference boycotted by the Palestinian leadership.
The International Monetary Fund has been warning of severe deterioration in the Palestinian economy, with tax revenue blocked in a dispute with Israel which has also imposed a crippling blockade on the Gaza Strip for more than a decade.
“If there is an economic plan, if there is urgency, it’s a question of making sure that the momentum is sustained,” said Lagarde.
The IMF chief is attending a conference in Bahrain to discuss the economic aspects of a United States plan for Israeli-Palestinian peace, which has already been rejected by the Palestinians as it fails to address key political issues.
Lagarde said for the US plan to work “it will require all the goodwill in the world on the part of all parties — private sector, public sector, international organizations and the parties on the ground and their neighbors.”
Citing examples of post-conflict countries, Lagarde said that private investors needed progress in several sectors including strengthening the central bank, better managing public finance and mobilizing domestic revenue.
“If anti-corruption is really one of the imperatives of the authorities — as it was in Rwanda, for instance — then things can really take off,” she said.
The plan presented by White House adviser Jared Kushner calls for $50 billion of investment in the Palestinian territories and its neighbors within a decade.
The proposals for infrastructure, tourism, education and more aim to create one million Palestinian jobs.
Gross domestic product in the Gaza Strip declined by eight percent last year, while there was only minor growth in the West Bank.
Kushner, opening the conference on Tuesday, called the plan the “Opportunity of the Century” — and said the Palestinians needed to accept it before a deal can be reached on political solutions.
The Palestinian Authority has rejected the conference, saying that the US and Israel are trying to dangle money to impose their ideas on a political settlement.
Washington says it will unveil the political aspects of its peace deal at a later date, most likely after Israel’s September election.