Tuesday 06/12/2022 marks the day Dubai Islamic Bank (“DIB”) rang the market-opening bell to celebrate the listing of its inaugural sustainable Sukuk with a value of USD 750 million on Nasdaq Dubai. The Sukuk is the first-ever sustainable Sukuk from a UAE entity and was issued in line with DIB’s Sustainable Finance Framework, which was […]
Deal & transactions
Energy & Trading
United Arab Emirates
Beeah, Masdar and Veolia to operate Sharjah Waste to Energy
Beeah Group, the Middle East’s sustainability and digitalisation expert, Masdar, Abu Dhabi’s clean energy company, and Veolia Near & Middle East, the providers of optimised resource management, have formed a joint
Appointments
United Arab Emirates
Linklaters appoints Jonathan Fried as Middle East Managing Partner
Global law firm Linklaters has appointed Jonathan Fried (pictured) as managing partner for the Middle East, effective 1 December. Fried will also contribute towards key management decisions that help shape the firm’s overall strategy. Fried
Taaleem Holdings, the K-12 premium education providers in the UAE with a portfolio consisting of 26 schools, has successfully completed the book building and public subscription process for its Initial Public Offering (“IPO”) on the
BMW Group, premium manufacturer of luxurious, sporty, and electric automobiles, has appointed Global Auto Group as the new importer of BMW and MINI in Egypt. Zaki Hashem & Partners (“ZH&P”) acted as
Deal & transactions
Egypt
Energy & Trading
AMEA Power secures USD1.1B Wind and Solar Energy deal in Egypt
Renewable energy company AMEA Power has achieved the financial close to deliver 1GW of renewable energy projects in Egypt. The landmark 500MW wind and 500MW solar projects, represent USD1.1 billion of investment into the Egyptian
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, partner DSV Global Transport and Logistics has become the carrier’s first partner to purchase sustainable aviation fuel (“SAF”) to offset the carbon emissions
Regional legal platform EKP enhances its public, corporate & commercial practice groups in its Beirut office, with the naming of Nadim Gemayel (pictured) as partner. Gemayel has more than 15 years’ experience in Lebanon and
Banking & Finance
Deal & transactions
Other
Ahli United Bank acquires Citi’s Bahrain consumer banking business
Baker McKenzie has advised Bahrain-based Ahli United Bank (“AUB”) on its acquisition of Citi’s consumer banking business in Bahrain. The transaction, which signed earlier this year and received regulatory approval from the Central Bank
Deal & transactions
Egypt
Energy & Trading
Baker McKenzie with AMEA Power on 2 renewable projects in
Baker McKenzie Cairo acts as the Egyptian Legal Counsel to AMEA Power on the development and financing of two renewable projects in Egypt with a capacity of 1000 megawatts and value of USD 1.1 billion. The projects,
