General Travel News

QInvest acquires stake in The Group

April 16 - QInvest, one of Qatar's top investment banks, has acquired a 40.8 per cent stake in Intercat Hospitality and Butlers Dry Cleaning and Laundry Services (The Group), one of UAE‘s biggest outsourced business services. "The investment is in line with our private equity fund's investment strategy of backing strong management teams and scalable businesses in the MENASA region," said Anuj Khanna, Co-Head of Investment Management at QInvest. "This company offers an attractive value proposition to its customers in a growth sector which will become increasingly relevant in the GCC as customers seek productivity improvements in their core businesses through outsourcing efficiencies,” he added.


Similarly, a statement released by The Group said that this investment will help the company to grow its business in the UAE and expand into other GCC states. Speaking on the occasion, George Farha, Founder and Chairman of the Group, said "I am excited to be partnering with QInvest, which I see as being the ideal partner as we continue to grow our business."


The Group, which was set up in 1992, has some big names as clients to its credit -- Intercat, Butlers and restaurant concepts Mashawi and Toast.

More General Travel News
Saudi Arabian Airlines wins best stand design award at Arabian Travel Market 2022
flydubai to operate some flights from Dubai World Central during runway refurbishment project at Dubai International
South Korea Pavilion among top five at Expo 2020 Dubai
Latest Travel News
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
Artist District

Artist District

Munich, Germany

Schwabing is the upscale artistic and entertainment district of Munich. It was once home to communities of artists and bohemians. The area is now packed with well off young professionals. This is a trendy and yet charming neighborhood filled with small open-air cafes. It has all kinds of expensive stores ranging from shoe stores to bookstores. There are many superb restaurants, bars and exclusiv...

The Jewish Museum

The Jewish Museum

Casablanca, Morocco

The Jewish Museum has the distinction of being   the only museum in Casablanca as well as being the only Jewish museum in any Muslim country. It has a collection of religious books, costumes, sacramental artifacts and other items which throw light on the 5000-strong Jewish community in Morocco. Address: 81 rue Chasseur Jules Gros, Casablanca Oasis Tel: 022 994 940                    ...

Alhamra Arts Council

Alhamra Arts Council

Lahore, Pakistan

‘Alhamra’ literally means a woman in red clothes. This building is made up of red bricks, earning the same impression. The architect was Nayyar Ali Dada and this complex has been admired for its superb architecture, even receiving an award for it.  It is a venue for many art exhibitions, theatrical shows and musical concerts. It also acts as a training centre offering courses in various arts ...

Adhari Park

Adhari Park

Bahrain, Bahrain

Adhari Park is a treasure trove for parents confused about how to entertain their overactive children. The Park consists of 165,000 metres of indoor and outdoor rides, food and shopping. Timings: Daily 4pm-12am Admission: Entrance 0.5 BD; Park card 0.25 BD; Rides 0.30-1 BD Address: Shaikh Isa Bin Salman Highway Email: info@adharipark.com.bh Phone: +973 1740 7300 ...