Dubai Aerospace Enterprise (DAE), a prominent global aviation services company, has finalized a AED 2.75 billion (US$750 million) 5-year unsecured term loan agreement with Emirates NBD Bank (ENBD). The funds from this loan will be utilized for general corporate purposes and to meet the future financing requirements of the business. Firoz Tarapore, CEO of DAE, […]
Banking & Finance
Deal & transactions
United Arab Emirates
Innovating Trade Finance: RAKBANK and DP World Collaborate
UAE based financial establishment, RAKBANK has entered into a strategic partnership with DP World, a global leader in logistics and trade solutions. This collaboration aims to provide businesses of all sizes with innovative and cost-effective
Banking & Finance
Deal & transactions
E-Commerce
Other
Regulatory
T&H Advises National Finance Co. on Historic Bond Issuance
Trowers & Hamlins has successfully advised National Finance Co. S.A.O.G. (NFC) on the issuance of OMR25,000,000 unsecured, perpetual, and subordinated bonds, with a greenshoe option to increase the maximum issuance size to
Oman’s Financial Services Authority has issued a public consultation on new Bonds and Sukuk Regulation. If approved, this regulation will govern the Sultanate’s long-term debt market, offering flexibility in structuring diversified financing products
Banking & Finance
Deal & transactions
TMT
United Arab Emirates
FAB & Microsoft Join Forces for Next-Gen Financial Services
First Abu Dhabi Bank (FAB) and Microsoft have unveiled a strategic partnership aimed at developing cutting-edge AI-based banking capabilities. The collaboration, formalized through a partnership agreement signed today, marks the convergence of the UAE’s
HFW, a specialized international law firm, provided counsel to Al Seer Marine and BGN on the financing arrangements for the construction of three Very Large Gas Carriers (VLGCs) in Korea and Japan. The AED863 million
Zaki Hashem and Partners has provided legal counsel to the National Bank of Egypt (NBE) in its acquisition of a 24% stake in Hyde Park Developments from the Egyptian Arab Land Bank. Hisham Okasha, Chairman of
ABUHIMED ALSHEIKH ALHAGBANI &Clifford Chance (AS&H Clifford Chance) have played a pivotal role in advising Al Rajhi Capital Company (ARC) on establishing a SAR 1.5 billion Sukuk issuance programme.
In a significant development for the automotive industry, Bahrain Mumtalakat Holding Company (“Mumtalakat”) has taken full control of the renowned McLaren Group. This acquisition includes a majority stake in the McLaren F1 team, solidifying Mumtalakat’
Banking & Finance
Transport
United Arab Emirates
Dentons Facilitates US$235 Million Ship Financing for ABGC
International law firm, Dentons has provided legal counsel to a consortium of financiers on a groundbreaking Shari’a-compliant syndicated ship financing, amounting to US$235 million, for a joint venture between Al Seer Marine and BGN,
