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
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
