It will come of little surprise that global advertising giant WPP has made yet another aquisition, this time of a minority interest in Dubai-based firm GME.
GME is a consultancy services business that employs 16 people with clients that include Samsung and Heineken.
It's revenues for the year ended December 31st were around 9.5m Arab Emirates dirham (£1.6m), with gross assets at the same date of AED 2.6m (£0.4m).
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"This acquisition continues WPP's strategy of investing in important sectors and its commitment to developing its businesses in the important and fast-growing Middle East markets," the firm said.
NR
-
Four AI ETFs to buyIs now a good time to buy AI ETFs? We examine four AI ETFs that investors might want to add to their portfolio
-
Chase boosts easy-access interest rate - savers could earn 4.75%Chase is offering a boosted interest rate which is fixed for six months, on top of the standard variable rate
