With ADNOC’s chief legal counsel, Salem Mohammed Al Darei (pictured) at the helm of its legal department, Abu Dhabi National Oil Company (ADNOC) and Occidental have signed a strategic collaboration agreement (SCA) to explore potential investment opportunities in carbon dioxide (CO2) capture and storage (CCS) hubs. The scope of this collaboration extends to both the United Arab Emirates […]
News
Real Estate, Construction & Infrastructure
Saudi Arabia
SEVEN Unveils New Entertainment Destination in Almadinah
Saudi Entertainment Ventures (SEVEN), a subsidiary of the Public Investment Fund (PIF), has announced the construction of a new entertainment destination in Almadinah, and work is already underway. The construction is being carried out by
Energy & Trading
News
United Arab Emirates
Successful Steam Blow at Al Layyah Combined Cycle Power Plant
June 2023 marked a significant milestone as Al Layyah Combined Cycle Power Plant, boasting a capacity of 1,026 MW, successfully completed its steam blow for Sharjah Electricity, Water and Gas Authority (SEWA). This achievement stands as a
Sharkawy & Sarhan acted as the Egyptian legal adviser to The International Finance Corporation (IFC) on securing USD250 million long-term loans to Commercial Bank International (CIB) to support its capital and fund green projects. The
Zaki Hashem & Partners, Attorneys at Law, acted as legal counsel in a significant securitization deal for Aman for Financial Services and Aman for Consumer Finance. The successful transaction amounted to a remarkable 859,000,000 EGP. The
Deal & transactions
Energy & Trading
United Arab Emirates
White & Case advises Masdar on joint venture with Iberdrola Group
Global law firm White & Case has advised Abu Dhabi Future Energy Company (Masdar), Abu Dhabi’s renewable energy company, on its joint venture with Iberdrola Group, the Spain-based international energy group engaged in electric
Healthcare, Pharma & Life Sciences
IPOs
Saudi Arabia
Legal Advisors assists ProMedEx in its USD19.04M IPO on Nomu
Legal Advisors Abdulaziz Alajlan & Partners, in association with Baker & McKenzie Limited, has acted as legal counsel for Professional Medical Expertise Company (ProMedEx) through its initial public offering (IPO) on the Parallel Market of
Capital Markets
Transport
United Arab Emirates
Clyde & Co on Simpson Spence Young’s acquisition of F3
Clyde & Co has provided legal counsel to Simpson Spence Young (SSY), a prominent independent shipbroker, on its recent acquisition of F3 Offshore Group, the offshore specialist shipbroker with offices in Hamburg and Dubai. Following
Allen & Overy (A&O) has appointed Khalid Garousha (pictured) as interim global managing partner, effective 1 September 2023, for an eight-month period to 30 April 2024. Garousha is the regional managing partner in the Middle East
Meysan Partners, an international law firm, has opened its first office outside the Middle East, located in London. The new office, called Meysan London, will focus on heavyweight commercial and investor-state disputes, bringing the firm’
