Sunday 13 July 2014
Abu Dhabi group

NMC sells 40pc stake to Centurion for $1bn

UAE-based private healthcare firm New Medical Centre (NMC) has sold a 40 per cent stake to Centurion Investment to expand in overseas markets as demand for medical care surges, its CEO said on Saturday. NMC, a 36-year-old company with hosp


Rotana unveils $800m expansion plan

Abu Dhabi-based Rotana, a leading regional hospitality group, is set to open seven new properties in Middle East and Africa region this year with an investment of $800 million. The company is pushing ahead with its expansion plans in 2011,


Foresight upbeat on new oil additive product

Abu Dhabi-based Foresight Group GCC said it aims to take the region by storm with the introduction of a unique oil additive product which dramatically prolongs engine lives leading to major savings on spare parts. The product is patented a


Abu Dhabi group to launch $100m Africa fund

Abu Dhabi government-owned Invest AD on Monday said it was launching a $100 million fund  with Japanese financial services firm SBI Holdings to invest in Africa. The new fund, seeded equally by both companies, will focus on Nigeria, G


Abu Dhabi plans massive investment in Georgia

Abu Dhabi Group plans to invest several hundred million dollars in Georgia's telecoms, banking, tourism and real estate sectors and believes political unrest in the ex-Soviet country will be no obstacle to investment. The company, owned by


Abu Dhabi Group taps new markets

Abu Dhabi Group said it was pushing into telecoms and media markets in Asia and Africa armed with content from Germany's Bertelsmann, including the music of Elvis Presley and Christina Aguilera. The holding company, owned by a member of th


Abu Dhabi buys 50pc stake in Bertelsmann unit

The venture capital arm of the Abu Dhabi Group has acquired a 50 per cent stake in Arvato Middle East Sales (AMES), the regional affiliate of Germany’s Bertelsmann Arvato Mobile Middle East Group. The deal is part of Abu Dhabi Group’s str

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