DTS Solution (“DTS”) has signed an agreement for the sale of a majority stake to Beyon Cyber (“BC”), part of the Beyon Group, a cybersecurity provider in Bahrain. Established in 2011, DTS Solution is a regional cyber security advisory, consulting and engineering firm headquartered in Dubai, UAE. The company offers various advanced services and solutions […]
Etisalat Egypt by e& and The Sovereign Fund of Egypt (TSFE) have partnered together to launch the new company Erada Microfinance. Enabled by fin-tech, Erada is granted license allowing access to a diversified set
The legal system of Algeria has a long and rich history that can be traced back to the pre-colonial period. During this time, the region was governed by a system of tribal laws and customs
From MENA to the WORLD With Suzan Taha The UAE’s new labour law, Federal Law No. 33 of 2021 (“New Labour Law”), came into force in 2022 and replaced the previous labour law (Federal Law No. 8 of 1980).&
Freshfields Bruckhaus Deringer (‘Freshfields’) has advised Arabian Internet and Communications Services Company (“solutions by stc”) on the acquisition of 100% of Contact Center Company (“ccc by stc”) from Saudi Telecom Company and ESM Holdings. Valued at
Deal & transactions
Egypt
Energy & Trading
Apex acquires and finances concessions in Egypt’s western desert
Herbert Smith Freehills has advised Apex International Energy (“Apex”) on its acquisition of interests in four concessions in the Western Desert region of Egypt from IEOC Production (“IEOC”), a subsidiary of Eni. Apex International Energy
Dentons Zaanouni Law Firm has created a new Media, Entertainment, and Sports department and has appointed Malek Badri as its Partner and Head of Practice. Malek Badri is an experienced lawyer with a broad practice
Dr. Mohamed Elmogy has been appointed as Board Director, Association of Corporate Counsel – Middle East and North Africa Chapter. Mohamed Elmogy is a highly accomplished lawyer with over 25 years of experience in the field. His
Banking & Finance
Saudi Arabia
Transport
International Maritime Industries establishes new maritime fund
Global law firm White & Case has advised International Maritime Industries, on the establishment of GMF Global Maritime Fund RAIF, a new independent Cyprus-based maritime fund. Based in Saudi Arabia, International Maritime Industries is a
International law firm Clifford Chance has advised Emirates NBD on its issuance of AED 1 billion 5.125 per cent. notes due January 2026. In completing the transaction, Emirates NBD has become the first UAE financial institution to support
