Abu Dhabi Investment Office (ADIO) is spearheading the advancement of Abu Dhabi’s gaming ecosystem by supporting Tamatem Games, a prominent Arabic mobile games publisher, in relocating its headquarters to the emirate. This strategic move aims to propel Tamatem Games into its next phase of growth while bolstering Abu Dhabi’s position as a hub for gaming […]
Banking & Finance
United Arab Emirates
Sharjah Islamic Bank Pioneers $100M Islamic Facility with TWF
Sharjah Islamic Bank (SIB) has entered into a groundbreaking agreement with the Turkiye Wealth Fund (TWF), marking a significant milestone in Islamic finance. The agreement involves the provision of a Shariah-compliant Murabaha facility worth $100 million
Banking & Finance
Deal & transactions
Oil & Gas
United Arab Emirates
Emarat Teams Up with Al Maryah for Station Naming Rights
Emirates General Petroleum Corporation (Emarat) has entered into a strategic partnership with Al Maryah Community Bank, granting them the prestigious opportunity to secure the first-ever naming rights for its fuel stations. Al
Banking & Finance
Energy & Trading
Other
Asafo & Co. Advises Adenia on Air Liquide Subsidiaries Purchase
In a strategic move to bolster its presence in Africa, Adenia Partners (Adenia), a prominent private equity firm focusing on sustainable investments, has finalised an agreement with Air Liquide, a supplier of industrial and medical
Shuaa Capital has launched a consent solicitation to amend the terms of USD 150 million in outstanding bonds, due on March 31, 2024. Over 25% of noteholders have already expressed support for the proposal. This initiative aligns with Shuaa’
Banking & Finance
Competition & Antitrust
Healthcare, Pharma & Life Sciences
United Arab Emirates
NMC and Dubai Islamic Bank Reach Amicable Resolution
NMC Healthcare group (“NMC”), a prominent private healthcare provider in the United Arab Emirates (“UAE”), and Dubai Islamic Bank (“DIB”), one of the largest Islamic banks in the UAE, have announced the successful resolution of
Global law firm Clifford Chance has provided counsel to the joint lead managers on two sukuk issuances by the Islamic Corporation for the Development of the Private Sector (ICD) as part of its Trust Certificate
Banking & Finance
Capital Markets
Deal & transactions
Egypt
Healthcare, Pharma & Life Sciences
ADSERO Facilitate Investment in Parkville Pharmaceutical
Parkville Pharmaceutical Secures Significant Minority Investment from Admaius Capital Partners ADSERO – Ragy Soliman & Partners have successfully advised Parkville Pharmaceutical on a significant minority investment from Admaius Capital Partners. The advisory team from ADSERO – Ragy
Banking & Finance
Transport
United Arab Emirates
Moove Secures $100 Million in Series B Funding Round
Moove, the global mobility fintech dedicated to democratizing vehicle ownership for mobility entrepreneurs, has announced a significant achievement today with the closure of a $100 million Series B funding round. The investment, led by Mubadala Investment
With Group General Counsel Spyros Zampelis (pictured) at the helm of its legal department, Almarai Company, one of the Middle East’s largest dairy company, has announced its comprehensive investment strategy for the upcoming
