The National Telecom Regulatory Authority (NTRA) has accepted Telecom Egypt’s financial and technical offer to obtain an additional 5MHz of spectrum in the 1800MHz band using FDD technology. The 10-year spectrum allocation was competitively priced at USD 125 million compared with the spectrum awarded in late 2020. Telecom Egypt has secured a USD 125 million financing loan […]
Regulatory
United Arab Emirates
DLA Piper advises on UAE’s first virtual assets regulatory framework
DLA Piper has acted as exclusive global legal advisor for the Dubai Virtual Assets Regulatory Authority (“VARA”), on the creation of the Emirate’s virtual asset specific regulatory framework. Published on 7 February 2023, the Virtual Assets
Global law firm Shearman & Sterling has appointed prominent global energy lawyer Mona Dajani (pictured) as a partner in the Project Development & Finance (PDF) practice. Based in New York, Dajani will serve as Global
Banking & Finance
United Arab Emirates
Clifford Chance: Emirates Islamic issues AED-denominated sukuk
International law firm Clifford Chance provided advisory services to Emirates Islamic, a prominent Islamic bank in the UAE and 99.9% owned by Emirates NBD Bank, for the issuance of AED 1 billion 5.050 per cent. sukuk that matures
Private Clients
United Arab Emirates
Ammar ElBanna successfully represents client in UAE Federal Supreme Court
In a recent case, Ammar ElBanna, the Founder of Incept Legal and Of Counsel at Khodeir & Partners, represented a multinational company and succeeded in persuading the UAE Federal Supreme Court to uphold the stipulated
MAG meets the global managing partner of law firm Magic Circle. “We want to be the legal point of reference for our international clients. We want to increasingly reinforce our image as a unified firm.”
Matouk Bassiouny & Hennawy has promoted Ali Abdullah (pictured) to partner and head of Tax Litigation practice and Mohamed Naguib (pictured) to partner and head of criminal litigation practice. With experience in the
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Cms advises Aldar Properties on its partnership with Dubai Holding
International law firm CMS has advised Aldar Properties (“Aldar”) on its joint venture with Dubai Holding to develop three new residential communities in Dubai consisting of over 9,000 residential units. The agreement marks Aldar’s
Appointments
Real Estate, Construction & Infrastructure
United Arab Emirates
Waleed Shalaby named group head of legal for MOBH Group
Waleed Shalaby (pictured) has been appointed as group head of legal at Mohammad Omar Bin Haider Holding Group (“MOBH Group”), in what is his first role as an in-house counsel. Shalaby brings a wealth of
Saint-Gobain, through its Chryso business, has completed the acquisition of IDP Chemicals in Egypt. IDP Chemicals is focused on the buoyant building and infrastructure markets in Egypt, which should see strong growth for the
