G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion. This strategic collaboration aims to bring Microsoft’s latest AI technologies and skilling initiatives to the UAE and beyond, reinforcing their commitment to advancing AI adoption while upholding safety […]
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Alpha Dhabi Holding Divests 49% Stake to ADQ
Alpha Dhabi Holding (ADH) has announced its decision to divest 49% of its subsidiary, Alpha Dhabi Construction Holding (ADCH), to ADQ, an Abu Dhabi-based investment and holding company. Under the terms of the agreement, Alpha Dhabi
In a significant development, Decree, under the leadership of its Chief Executive Officer, Riyadh Al-Balushi, has launched Decree Risk. This innovative tool is a structured database designed to assist organizations in managing their risk when
International law firm, White & Case has enhanced its Global Mergers & Acquisitions (M&A) Practice by welcoming partner Abdallah Maher (pictured) to its Riyadh office. “We see high demand from clients in
Squire Patton Boggs has appointed partner Scott Kane (pictured) as co-chair of the firm’s global Litigation Practice. “Scott has earned a reputation as a trusted advisor to clients across the country who come
Deal & transactions
Transport
United Arab Emirates
Mubadala’s Sanad Extends Partnership with Asiana Airlines
Sanad, a global aerospace engineering and leasing solutions provider under Abu Dhabi’s Mubadala Investment Company (Mubadala), has strengthened its collaboration with Asiana Airlines, South Korea’s second-largest airline, through a five-year contract extension valued
Banking & Finance
Competition & Antitrust
Healthcare, Pharma & Life Sciences
United Arab Emirates
Eversheds Advises on DIB’s Resolution with NMC Healthcare
Eversheds Sutherland has provided legal counsel to Dubai Islamic Bank (DIB), one of the leading Islamic banks in the UAE, in reaching a comprehensive settlement with NMC Healthcare group (NMC), a prominent integrated private healthcare
Trowers & Hamlins is consolidating its expertise in the rapidly expanding fields of Energy and Sustainability through the establishment of a dynamic new practice group. This strategic initiative aims to further enhance the firm’s
Healthcare, Pharma & Life Sciences
Other
Restructurings
Freshfields Guides 3M Through Solventum Spin-Off
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has provided legal counsel to the US-based technology conglomerate 3M in its spin-off of the healthcare division, now known as Solventum, which is listed on the New York
In a joint announcement, Allen & Overy and Shearman & Sterling have revealed the inaugural partner promotions for the merged entity, A&O Shearman. A total of 40 partners have been appointed to the partnership
