Saudi Arabian Military Industries (“SAMI”) has named its general counsel Abdulaziz Albassam (pictured) as its new chief legal officer and board secretary. The chemical engineer turned lawyer joined SAMI from Saudi Aramco, where was senior counsel and a member of its Project Development & Finance team. During his time with Aramco, Albassam served as […]
Global law firm Baker McKenzie has appointed five new partners in the MENA Region. Dispute resolution partners Amir Alkhaja (UAE) and Sally Kotb (UAE), IP & technology partner Kellie Blyth (UAE), banking & finance partner
Vinson & Elkins has appointed partner Nabeel Ikram (pictured) as the head of international disputes for MENA region. Ikram’s area of practise focuses on engineering and construction dispute resolution. He has two decades
Deal & transactions
Healthcare, Pharma & Life Sciences
United Arab Emirates
GluCare.Health partners with Novo Nordisk on its weight management pilot
GluCare.Health, a hybrid digital therapeutics company focused on diabetes, have signed a partnership agreement to launch a value-based weight management pilot with Danish multinational pharmaceutical company, Novo Nordisk. Set to begin in September 2022, the
e& enterprise, part of e& (formerly known as Etisalat Group), and Hub71, Abu Dhabi’s global tech ecosystem, have entered into a definitive agreement to launch the region’s first AI Centre of
Banking & Finance
Egypt
Energy & Trading
Elsewedy Electric secures USD150m investment for operations’ expansion
Elsewedy Electric, Egyptian global providers of energy, digital, and infrastructure solutions, has secured a USD150 million loan from the International Finance Corporation (“IFC”), a member of the World Bank Group. IFC’s USD150 million investment,
Banking & Finance
Food & Beverage
United Arab Emirates
Pure Harvest Smart Farms raises USD 180.5mln in latest financing
Pure Harvest Smart Farms (“Pure Harvest”), sustainable technology-enabled agribusiness headquartered in the United Arab Emirates, raised USD $180.5 million in their latest funding round. The oversubscribed funding round was led by existing investors including South
Deal & transactions
Egypt
Energy & Trading
Siemens Energy with Egyptian Electricity Transmission Co in a EGP37m
Siemens Energy and Egyptian Electricity Transmission Company have entered into a long-term partnership for the expansion of Suez transformer station. The project cost is approximately EGP 37 million (EUR 1.87 million) + EUR 6 million as a discount
Riyadh Al Najjar, PwC Saudi Arabia country senior partner and Middle East transformation management leader, has been elected as Chairman of the Middle East Board effective 1 July 2022. On his appointment, the newly selected Chairman, Riyadh
Deal & transactions
Oil & Gas
United Arab Emirates
TAQA and ADNOC come together to acquire Masdar stake from Mubadala
Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar)
