BP is making significant changes to its workforce as part of a strategic effort to streamline operations and cut costs. The London-based energy giant announced on January 16, 2025, that it will reduce its global workforce by approximately 4,700 employees, representing about 5% of its total staff of around 90,000. Additionally, BP plans to eliminate...
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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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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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Apple has experienced a notable decline in its market position within China's highly competitive smartphone sector, losing its leadership to local rivals Huawei and Vivo. As of 2024, Apple's market share has dropped to 15%, down from previous years, marking a significant shift in the tech landscape of one of its most crucial markets. According to recent...
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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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