Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt from TotalEnergies Marketing Afrique. This landmark transaction was first announced in July 2022 and is expected to uplift ADNOC Distribution’s EBITDA from year […]
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
ALC: Palm Hills Developments closes EGP 638 mn securitization
Palm Hills Developments a real estate developer in Egypt and EFG Hermes, an investment bank franchise in Frontier and Emerging Markets (FEM), jointly successfully closed an EGP 638 million (approx. USD 20.9 million) securitized bond. The issuance’
Sue Ellen Hassouna (pictured) has recently appointed by Lafarge Cement as its Chief Legal Officer. Hassouna brings with her more than 15 years of experience in the legal profession in Egypt. Prior to her appointment, she
Deal & transactions
Food & Beverage
Saudi Arabia
Almarai completes acquisition of International Dairy and Juice
Almarai Investment Holding, a unit of the largest dairy company in the Middle East, Saudi Arabia’s Almarai, has acquired full ownership of International Dairy and Juice Limited (IDJ), a former joint venture with PepsiCo
Gowling WLG‘s Corporate Group in the United Arab Emirates has added Edward Brown (pictured) to its team as a counsel. Brown will be leading the funds and financial services practice in the Dubai
Al Tamimi & Company has announced that Wesley Wood (pictured), a specialist shipping lawyer, has joined its Shipping, Aviation & Logistics team as partner in their Dubai office. With over 13 years of experience advising on
With Suzan Taha AI has been making waves recently in the legal profession, bringing with it tremendous potential to revolutionize the way in which legal services are provided. AI technology is being used more and
Shalakany has successfully defended its client, a major regional real estate developer in Egypt and the Middle East, in an ICC Arbitration case filed against the client. The dispute stemmed from four construction contracts related
Egypt-based law firm Jurisera, has promoted associate Alia Omran (pictured) to the role of senior associate effective Jan 1st,2023. Omran has a diverse legal background in multiple areas of law, including corporate and commercial matters,
International law firm Allen & Overy (“A&O”), has broken new ground by integrating Harvey, the innovative artificial intelligence platform built on a version of Open AI’s latest models enhanced for legal
