Fintech Buddy Saudi Arabia, a one-stop shop platform that provides professional services for startups and foreign companies (sponsored by The Law Firm of Nasreen Alissa), signed a Memorandum of Understanding (MoU) with Riad & Riad Law Firm, a full-service law firm focusing on corporate law matters such as corporate compliance, capital market, data privacy, company […]
Baker McKenzie Switzerland, in conjunction with legal representatives from London, Madrid, Rome and Riyadh offices of Baker McKenzie, provided counsel to Enagás and Fluxys for the purchase of additional shares in Trans Adriatic Pipeline (“TAP”). Axpo, a former shareholder, agreed to sell its 5% holding to TAP shareholders Fluxys and Enagás. As per the […]
Venture Capital funding in Egypt maintained its growing path for the fifth consecutive year, rising by 3% to USD517M in 2022, without reporting any MEGA deal. Egypt is quickly becoming an attractive destination for venture investment, and given its potential, it is likely that we will see even more growth in the coming years. The […]
Deal & transactions
TMT
United Arab Emirates
Zero&One signs a strategic collaboration agreement with AWS
Zero&One has recently signed a long-term regional partnership agreement with Amazon Web Services (“AWS”) to further their commitment to supporting clients across the MENA region in their transition to the cloud. As part of this agreement, Zero&One is aiming to double its workforce and acquire 500+ AWS certifications, providing their customers with the highest quality […]
Al Tamimi & Company has appointed Nicholas Watson (pictured right) as partner and regional Head of its Corporate Commercial department. With over 25 years of international law firm experience, Watson has spent the majority of his career being in the Middle East region. Watson has spent a number of years undertaking leadership responsibilities for both corporate practices, and the growth […]
Banking & Finance
Egypt
Healthcare, Pharma & Life Sciences
B Investments and TSFE invest in Egypt’s healthcare sector
The Sovereign Fund of Egypt (“TSFE”) through its healthcare and pharmaceutical industries Subfund (“TSFE Healthcare & Pharma Subfund”) and B Investments Holding (“B Investments”), BPE Partners’ flagship investment vehicle, have signed an agreement to invest in B Healthcare Investments (“BHI”), an Egyptian subsidiary of B Investments working in the specialised healthcare services with initial focus in […]
The legal system in Libya has historically been influenced by Ottoman, French, Italian, and Egyptian sources. It is based on a combination of Islamic law, civil law, and tribal law. The country has a long history of legal tradition, dating back to ancient times when the legal system was based on the customs and traditions […]
Background
Egypt
Opinions
United Arab Emirates
Mohamed Elmogy on elevating MENA’s in-house legal community
Mohamed Elmogy (“Mogy”) has recently been appointed as the Board Director for ACC MENA. LegalcommunityMENA had the opportunity to interview Mogy regarding how his new role aims to serve the in-house legal community in the region. Mogy, what inspired you to take on the role of Board Director for the ACC Middle East and North Africa […]
Chimera Investment has acquired 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 million. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector of the Egyptian economy. Adsero – Ragy […]
EKP law firm welcomed to its ranks retired Judge Fadi Oneissy (pictured) as a partner at the firm based in Beirut, Lebanon. Fadi Oneissy started his career 3 decades ago as a judge and has since accumulated solid experience in criminal, civil law and general litigation. Earlier in his career, he presided over the Criminal Tribunal […]
