Abu Dhabi-listed companies International Holding Company (IHC) and its subsidiary Alpha Dhabi will invest a combined amount of USD50 million in Space Exploration Technologies Corporation (SpaceX). IHC, which already has a stake in SpaceX, will increase its investment by USD25 million. Alpha Dhabi will make its first invest, also USD 25m, into the aerospace company. in […]
Banking & Finance
TMT
United Arab Emirates
PwC Middle East invests in AWS Premier Consulting Partners Zero&One
PwC Middle East enters into a strategic investment in Zero&One, Amazon Web Services (AWS) Premier Consulting Partners in the region. Zero&One supports clients’ growth through delivering AWS services
Appointments
Other
Uncategorized
Sarah Parkes named global head of dispute resolution at Freshfields
Freshfields Bruckhaus Deringer (‘Freshfields’) has appointed partner Sarah Parkes (pictured) as its global head of dispute resolution, effective 8 July. She will succeed Andy Hart who will return to focusing on his practice at the firm.
DLA Piper enters into a new partnership with the UN Refugee Agency (UNHCR) that will see the two organisations working collaboratively to develop innovative responses to the global refugee crisis, enhance refugee integration and advocate
Deal & transactions
Insurance
United Arab Emirates
Daman and Emirates NBD launch new ‘Early Payment Scheme’
Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region and the National Health Insurance Company – Daman, have launched a new financing initiative providing an ‘Early Payment Scheme’ to Daman’
Deal & transactions
Transport
United Arab Emirates
EQT Private Equity and Mubadala to acquire Envirotainer
The EQT X fund and Mubadala Investment Company, have entered into an agreement to acquire Envirotainer, the global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals, from Cinven and Novo
Banking & Finance
Qatar
Real Estate, Construction & Infrastructure
Qatari Diar secures green loan for Chelsea Barracks development
Qatari Diar Real Estate Company, an establishment of Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, has secured GBP400 million (USD 491,880,000) in green loan financing for their London based development Chelsea
Industrial
IPOs
United Arab Emirates
Borouge completes its initial listing on Abu Dhabi Securities Exchange
Borouge, the strategic joint venture between Abu Dhabi National Oil Company (“ADNOC”) and Borealis (“Borealis”), providers of innovative and differentiated polyolefin solutions, has listed on the Abu Dhabi Securities Exchange (“ADX”) on June 3, 2022. Upon
Banking & Finance
Transport
United Arab Emirates
DP World and CDPQ investment of USD5 billion in UAE
DP World and CDPQ, a global investment group, announced an investment of USD5 billion in three of DP World’s flagship UAE assets. Under a joint venture structure, Canadian investment group CDPQ will take
Egypt
News
Real Estate, Construction & Infrastructure
Shalakany secures a favourable USD 40 million settlement for their
Shalakany has successfully represented their client, a major international hotel management company, in settling a claim worth more than USD 40 Million arising out of the hotel management agreement of one of the hotels in Egypt.
