UAE-based Al Noor Hospitals Group has agreed to acquire Gulf International Cancer Centre (GICC) for an initial cash consideration of US$21.8mn
Business & Management
South Korea?s LG Electronics plans to open 20 new stores in Middle East
South Korean electronics manufacturer LG Electronics has announced plans to open 20 more stores across the Middle East and expects to grow its business by 10 per cent in the region, in 2014
Arabtec to raise US$136.1 million for expanding MEP business
Construction group Arabtec Holding has announced plans to raise US$136.1mn through a share issue to expand its mechanical, electrical, and plumbing (MEP) business, Emirates Falcon Electromechanical Company (EFECO)
Iraq to build US$472 million industrial city
The government of Iraq has approved plans to construct a US$472mn industrial city in the Al Anbar Governorate, which will be dedicated to small and medium enterprises
Spar to open nine supermarkets in Oman by 2016
Food-store retailer Spar International has partnered with Oman?s diversified business group Khimji Ramdas to open nine of its supermarkets in the sultanate by 2016