Abu Dhabi has taken a significant step towards enhancing its business ecosystem with the establishment of the Abu Dhabi Registration Authority (ADRA). This new entity, launched by the Abu Dhabi Department of Economic Development (ADDED), aims to streamline business registration processes and introduce new types of licenses, marking a milestone in the...
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Qashio, a Dubai-based provider of spend management solutions, has joined forces with global payments giant Visa to launch an innovative B2B travel payments solution. The partnership, announced on January 6, 2025, aims to transform and digitize payments for online travel agencies and travel management companies across the UAE, Middle East and North Africa...
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After a long lull in investment activity, M&A deals are picking up across Asia. In a region that has often been attractive for its growth opportunities, M&A has recently experienced a quiet spell. In the first half of 2024, deal volumes and values in the Asia-Pacific decreased by 23% and 35%, respectively, compared to the first half of 2023, according...
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US stocks experienced a significant decline on Monday, with the S&P 500 trading 2.5% lower and the Nasdaq Composite falling into correction territory, down more than 10% from its record high on July 10. The selloff was driven by fears of a potential recession in the world's largest economy, as investors reacted to disappointing employment data and concerns...
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In a bold statement, Simon Roberts, the Chief Executive of Sainsbury's, has declared that the current business rates system is "no longer fit for purpose." Roberts' comments highlight the growing burden that traditional retailers face in the face of increasing competition from online competitors.The Disproportionate Impact on Retailers Sainsbury's,...
Read MoreUS Stocks Plummet Amid Recession Fears
Read MoreM&A Deals Picking Up Pace in Asia
Read MoreSainsbury's CEO Calls for Reform of Outdated Business Rates System
Read MoreAbu Dhabi establishes registration authority to strengthen its business sector
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