Business & Management

Zuari Agro Chemicals to build US$950mn chemical facility in Ras Al Khaimah

chemical LHOON flickrIndian fertiliser company Zuari Agro Chemicals has decided to invest US$950mn into the construction of an integrated diammonium phosphate (DAP) facility in Ras Al Khaimah Maritime City

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Philips buys major stake in Saudi Arabian lighting company

Philips FDV WikimediaPhilips has signed an agreement to acquire 51 per cent of Saudi Arabia's General Lighting Company (GLC) for US$235mn and form a joint venture (JV) under the name Philips Lighting Saudi Arabia

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China keen to invest in the Middle East in 2014

abudhabi corporate traveller flickrThe Middle East is expected to see a sizable amount of outbound mergers and acquisitions (M&A) deals from China in 2014, according to a new survey

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Al Noor Hospitals buys cancer care centre for US$21.8 million

chemo-alnoorUAE-based Al Noor Hospitals Group has agreed to acquire Gulf International Cancer Centre (GICC) for an initial cash consideration of US$21.8mn

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South Korea’s LG Electronics plans to open 20 new stores in Middle East

LG washerSouth 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

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