Siemens Energy and the Republic of Yemen have signed a Memorandum of Understanding (“MoU”) for the re-electrification of the country. The MoU focuses on the essential elements of the electrification of Yemen. This includes the addition of new and highly efficient power generation capacity, diversifying the country’s energy mix through new and renewable energy sources, […]
Banking & Finance
Deal & transactions
United Arab Emirates
Emirates NBD Group and BNY Mellon announce strategic alliance
Global investment company, BNY Mellon and Emirates NBD, a banking group in the MENAT (Middle East, North Africa and Turkey) region, have entered a strategic alliance aimed at accelerating the growth
Italian luxury sports car manufacturer, Ferrari, in collaboration with Egyptian Automotive Importer Ezz Elarab Group, launched its official service center and authorized showroom in Egypt. The new partnership with Ferrari was celebrated with a grand
Deal & transactions
TMT
United Arab Emirates
AIQ and MBZUAI collaborate to energize research into AI technologies
AIQ, a joint venture between ADNOC and G42, and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) have signed a memorandum of understanding (MoU) related to joint research into AI related technologies with an emphasis
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
AlQamzi Developments to inject EGP14bn investments in Egypt
AlQamzi Developments has unveiled its strategic expansion plan in the Egyptian market, saying that it will inject investments worth EGP14bn in the span of four years. Yasser Zidan the Egyptian partner and executive
The National Bank of Egypt (“NBE”) has inaugurated its first branch in Juba, South Sudan on 28th June 2022 with a capital of USD30m. The bank’s presence in Africa will provide various banking and
In celebration of the ninth edition of Save the Brand, last night the Four Seasons in Milan witnessed the Awarding of 30 companies in the Food & Beverage sector, an event organized by LC Publishing Group –
Trowers & Hamlins has promoted 10 lawyers to its partnership, effective 01 July 2022. Unkar Chanian (pictured) from the International Real Estate team in Bahrain is one of the appointed partners. He has a wealth of both
Appointments
United Arab Emirates
Freshfields’ Michael Hilton named regional managing partner for MENA
Freshfields Bruckhaus Deringer (‘Freshfields’) has appointed Michael Hilton (pictured) as its regional managing partner for the Middle East and North Africa (MENA), effective 01 July 2022. He succeeds partner Pervez Akhtar, who has completed his term. Hilton’
Abuhimed Alsheikh Alhagbani Law Firm (AS&H) in co-operation with Clifford Chance, has named Hanan Hassanain (pictured) as a partner, effective 01 July 2022. Hassanain has extensive experience in public policy matters as well as
