Business & Management

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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Arabtec to raise US$136.1 million for expanding MEP business

dubai-construction-Dec 24Construction 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)

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Iraq to build US$472 million industrial city

industrial cityThe 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

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