The Dubai International Financial Centre (DIFC) Courts have announced their performance results for the first half of 2023. These figures demonstrate a remarkable increase in the total value of claims and highlight the growing prominence of Dubai’s common law jurisdiction in international dispute resolution. Key highlights of the report include: Justice Omar Al Mheiri, the […]
In a move that underscores its commitment to becoming a regional investment powerhouse, Saudi Arabia has unveiled a joint initiative aimed at enticing multinational groups (MNGs) to establish their regional headquarters (RHQs) within the Kingdom.
Saudi Arabia’s Public Investment Fund (PIF) is setting up a company to offer services such as utilities, energy and waste management as well as maintenance, housekeeping, security, and landscaping services to key industries that
Abu Dhabi, UAE: With ADNOC’s chief legal counsel, Salem Mohammed Al Darei (pictured) at the helm of its legal department, Abu Dhabi National Oil Company, a prominent player in the energy sector with substantial
Banking & Finance
Capital Markets
United Arab Emirates
Ibrahim .N. PARTNERS is helping Ajman Bank raise for an
Ibrahim .N. PARTNERS Helps Ajman Bank Raise AED 550 Million in Oversubscribed Rights Issue Dubai-based law firm Ibrahim .N. PARTNERS has played a pivotal role in Ajman Bank’s recent successful AED 550 million Rights Issue. The
The General Authority for Investment and Free Zones (GAFI) has introduced a new initiative called the “Single Approval” to enhance its existing “Golden License” framework in order to attract more investors. This development was announced
Dentons, the largest global law firm, is set to introduce a specialized version of ChatGPT called “fleetAI” that aims to enhance its legal services by leveraging generative artificial intelligence. This proprietary tool incorporates a chatbot
Consumer protection is a cornerstone of a thriving economy, ensuring that individuals and businesses engage in fair and transparent transactions. Recognizing its significance, the United Arab Emirates (UAE) took a significant step towards bolstering consumer
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC expands presence in Caspian Sea with Absheron Investment
Under the legal guidance of ADNOC’s chief legal counsel, Salem Mohammed Al Darei (pictured), Abu Dhabi National Oil Company (ADNOC) has taken a significant step towards expanding its presence in the international
Banking & Finance
Deal & transactions
Other
White & Case advises Intrum on Euro 300M NPL Securitisation
Global law firm White & Case has provided legal counsel to Intrum Holding (‘Intrum’) on a significant securitisation deal involving Piraeus Bank’s non-performing loan (‘NPL’) portfolio known as Project Senna. The successful strategic partnership
