The Abu Dhabi Investment Office (ADIO) strengthens Abu Dhabi’s ties with Western Australia through collaboration with the Department of Jobs, Tourism, Science, and Innovation. This partnership aims to foster economic growth by exploring shared interests and opportunities in various sectors, including mining, startups, and small-to-medium-sized businesses. The agreement focuses on cross-sector activities such as supply […]
Banking & Finance
Egypt
Real Estate, Construction & Infrastructure
Egypt Invests USD3 Million in Green Tourism Initiative with UNIDO
The Ministry of Environment witnessed the signing of the “Green Hurghada” project agreement between the United Nations Industrial Development Organization (UNIDO) and the Environmental Affairs Agency, funded by the Global Environment Facility, with investments exceeding
Capital Markets
Corporate
Energy & Trading
Qatar
Elsewedy Qatar wins North Field South Onshore EPC contract
Elsewedy Cables Qatar has secured the Engineering, Procurement, and Construction (EPC) contract from Technip Energies France for the North Field South (NFS) Onshore Project. This strategic endeavour aims to establish electricity supply to NFS project
Banking & Finance
Capital Markets
Deal & transactions
United Arab Emirates
Three Alpha Dhabi Subsidiaries Targeted in Acquisition Deal
Abu Dhabi-based investment firm Alpha Dhabi is in the spotlight after receiving a notable acquisition offer for three of its subsidiaries. The offer comes from the National Corporation for Tourism and Hotels (NCT&H).
Investcorp Capital plc, a subsidiary of Abu Dhabi-based alternative investor Investcorp, has finalized a significant financial agreement by securing a USD 800 million revolving credit facility (RCF) from a consortium of regional and international banks. The
Deal & transactions
TMT
United Arab Emirates
Trowers Facilitates Backlite Media Sale to Multiply Group
International law firm Trowers & Hamlins has advised on the 100% sale of Backlite Media, the out-of-home advertising company headquartered in the UAE, to Multiply Group, the Abu-Dhabi based holding company that invests in transformative organisations.
In a pioneering move, Al-Yaqout & Al-Fouzan Legal Group (YFLG) has secured the first-ever approval from the Bankruptcy Authority for the restructuring request of a prominent insurance company in Kuwait, following the enactment of Law 71/2020.
In a significant technological leap forward, STC Bahrain, a leading digital enabler, has announced the launch of an innovative instant mobile SIM activation service powered by Artificial Intelligence (AI) and eSIM technology. This first-of-its-kind solution
Al Tamimi & Company strengthens its Banking and Finance practice with the appointment of Ali El Hawary (pictured) as Partner. With over two decades of legal expertise in banking, energy, and infrastructure projects, El Hawary
Beltone Financial Holding is set to acquire 100% of SODIC’s securitization subsidiary, SODIC for Securitization, following approval from its general assembly. The transaction involves Beltone acquiring 5,000 shares at EGP 1,000 each, along with an additional payment
