The arbitration team at Mahmood Hussain Law Firm (MHLF) has secured a major win for their client in a recent case before the Dubai International Arbitration Centre (DIAC). The case involved a renowned contractor for roads, infrastructure, and landscaping works who was seeking payment for unpaid dues, extension of time claims, prolongation claims, and variations. […]
Egypt has made history by issuing its first-ever sovereign Islamic sukuk, and it has proven to be a resounding success. The issuance was oversubscribed by more than 4 times, with subscriptions amounting to USD6.1 billion for
MONTFORT, a global commodity trading and related-asset investment company, has recently appointed Ziad Zarka (pictured) as its new General Counsel in Dubai. Zarka brings over 25 years of senior and executive roles in legal, compliance, and
Novo Nordisk has recently appointed Mohamed Ezz Elden (pictured) as the Director of Legal, Ethics, Compliance & Quality. This appointment comes after Ezz Elden’s successful stint as the Head of Legal & Compliance and
Deal & transactions
Services
United Arab Emirates
Eversheds Sutherland on Gulf Capital’s CWB merger with PETOŠEVIĆ
Gulf Capital’s CWB Group has announced its merger with PETOŠEVIĆ Group, forming an international intellectual property (IP) firm that will cater to clients across 52 countries in the Middle East, North Africa, Eastern Europe,
From MENA to the WORLD With Suzan Taha On 4 December 2022, Libya’s internationally recognised Government of National Unity announced it would be lifting the state of force majeure on new oil & gas exploration and
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&
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
