HEALTHCARE-

NMC Healthcare acquires Al Ain facility: Abu Dhabi-based hospital operator NMC Healthcare acquired Orthoplus Bone and Joint Center, a multispecialty clinic in Al Ain, according to a press release. The acquisition is part of NMC’s broader plan to expand its regional capacity to offer orthopedic procedures.

Post acquisition: Orthoplus is set to be rebranded as NMC Orthoplus Bone and Joint Center. The clinic will expand its services to offer primary care and diagnostic services, as well as add new surgeons to its team. The operator has tapped Orthoplus founder Sanil Sathyadasan (LinkedIn) as medical director of NMC’s Al Ain operations.

ICYMI- NMC had planned to launch four new medical facilities in 2025, with the firm offloading its 65% stake in Fakih IVF to focus on expansion.

AVIATION-

UAE-based cargo airline SolitAir is launching eight new flight destinations in Africa, according to a press release. The new routes include Tanzania’s Dar es Salaam and Zanzibar, Kenya’s Nairobi and Eldoret, Lusaka in Zambia, Johannesburg in South Africa, Harare in Zimbabwe, and Benghazi in Libya.

DEBT-

Moody’s affirms DP World ratings: Moody’s Ratings has affirmed DP World’s long-term issuer, senior unsecured medium-term note, and senior unsecured note ratings at Baa2, according to a press release. It also kept DP World Crescent’s senior unsecured notes and backed senior unsecured ratings at Baa2, and the junior subordinated rating of DP World Salaam’s perpetual reset note at Ba1. The outlook remains stable across all entities.

The rationale: The ratings were attributed to strong cashflow metrics, a healthy debt to equity ratio, and robust expansion plans, the agency said. Moody’s also pointed to a prudent financial policy that helps keep leverage low despite growth, as well as the firm’s geographically diverse port operations, which offer stable, long-term income — giving it a favorable outlook. Downsides remain through exposure to geopolitical tensions and non-core port operations.

SPORTS-

DCT Abu Dhabi, Etihad to sponsor top European basketball league: Abu Dhabi’s Department of Culture and Tourism (DCT) and Etihad Airways secured a four-year agreement to become official sponsors of Euroleague Basketball, Abu Dhabi Media Office reports. The logos of Experience Abu Dhabi — DCT’s tourism brand — and Etihad will feature across participating teams’ jerseys and also on Euroleague’s online platforms.

Yet another basketball league: Dubai-based carrier Emirates inked an agreement just last week to sponsor the Real Madrid men and women’s basketball teams.

BUSINESS-

Arini officially sets up shop in ADGM: London-based hedge fund Arini opened an office in ADGM after securing regulatory approval, according to an ADX disclosure (pdf). The USD 11 bn alternative credit manager will run its regional operations under Jeysson Abergel (LinkedIn), who is relocating from London to head the new unit. We reported earlier in June that Arini was planning the move.

LOGISTICS-

Al Ain Farms, Food Tech Valley to launch food logistics hub: Dubai government-backed food innovation center Food Tech Valley and newly formed Al Ain Farms Group signed an agreement to develop a 260k sq ft logistics hub in Dubai, according to a press release. The hub will focus on improving food security and supply chains, aiming to improve delivery times by 33% and cut distribution times. The facility is slated for completion by 1Q 2027, with construction set to start later this year.

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