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 on August 7th, 2023, by Hossam Haiba, who serves as the Chairman of GAFI. The Single Approval is designed to […]
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
Global law firm Clyde & Co continues to bolster its corporate practice in the Middle East and Africa (MEA) region with the appointment of Elias Matni (pictured) as a partner. Based in the firm’s
Capital Markets
Industrial
Saudi Arabia
Dentons on Farabi Petrochemicals’ first overseas acquisition
Global law firm Dentons acted as legal counsel to Saudi Arabia’s Farabi Petrochemicals Company (Farabi) on its landmark first overseas acquisition. In a strategic move to expand its foothold in the Asian market, Farabi
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Clyde & Co in Aldar Properties acquisition into Basatin Landscaping
Clyde & Co acted as legal counsel to Zaad Capital on the successful AED 150 million sale of a 75% stake in Basatin Landscaping to Aldar Properties, an Abu Dhabi-based property development, management, and investment company. Aldar
Appointments
United Arab Emirates
Thomas Snider named Head of International Arbitration at Charles Russell
Charles Russell Speechlys has appointed Thomas Snider (pictured) as Partner and Head of its International Arbitration practice. Snider, joining from Al Tamimi & Co, will be based in the firm’s Dubai office. This strategic
Under the leadership of Brooke Lindsay (pictured), Group Chief Legal & Compliance Officer, Emirates Telecommunications Group Company “e&” (formerly Etisalat Group) has recently finalized a binding agreement with PPF Group (“PPF”) to acquire a
