With Mike Sosso (pictured), BP’s EVP Legal at the helm, the global company is set to make substantial investments in Egypt’s development and exploration activities, with plans to inject USD1.5 billion into the country’s energy sector. CEO Murray Auchincloss announced the ambitious investment strategy, highlighting BP’s intention to allocate these funds towards exploration endeavours over […]
Egypt’s merger and acquisition (M&A) landscape witnessed a significant decline in 2023 compared to the previous year, according to the latest report by global law firm Baker McKenzie. The report, based on LSEG
Capital Markets
Egypt
Food & Beverage
Saudi Arabia
EFG Hermes Facilitates Kazyon’s Landmark Acquisition of Dukan
EFG Hermes announced the successful conclusion of a merger and acquisition (M&A) deal for Kazyon, a prominent MENA-based discount retailer. In this transaction, Kazyon acquired a 50% stake in Dukan, the sole discount retailer
Banking & Finance
Deal & transactions
Egypt
News
Dreny and Partners Facilitates Major Commercial Paper Issuance
Dreny and Partners, led by Iman Raouf, Partner and Director of Capital Markets and Financial Services, has played a pivotal role in the third issuance of commercial paper by “Global Corp for Financial Services”, valued
Ibrachy Legal Consultancy (I&P) has acted as legal advisor for Bank of China in facilitating receivables finance for Huawei’s phase IV project with Egypt Telecom. The firm assisted in drafting and reviewing
Banking & Finance
Capital Markets
Deal & transactions
Egypt
MBH Supports ADNOC Group in Major Joint Venture with bp
Matouk Bassiouny & Hennawy has played the role of local counsel to ADNOC Group in a landmark joint venture agreement with global energy giant BP. This partnership will drive the development of key gas assets
Matouk Bassiouny & Hennawy (“MBH“) has provided legal counsel to Amethis in its investment deal with BBI Group, a prominent data management consultancy in the MENA region. The investment, made through Amethis MENA Fund II,
Under the guidance of Sunanda Holmes (pictured), Vice President and General Counsel, The American University in Cairo (AUC) has joined forces with Beltone Holding in a pioneering collaboration. Beltone Holding’s educational division, Beltone Academy,
The Egyptian General Petroleum Company has extended the contracts for three offshore drilling rigs operated by the Saudi Addis Holding Company. The move aims to boost Egypt’s oil and gas production and reduce import
Capital Markets
Deal & transactions
Egypt
Redcon Properties Announce Strategic Expansion of Golden Gate
Redcon Properties announced the strategic sale of its administrative building at the Golden Gate project to Bonyan for Development and Trade, a prominent commercial real estate investment company. This transaction marks Bonyan’s eighth asset
