Matouk Bassiouny & Hennawy (MBH) announced a successful settlement for Misr Beni Suef Cement CO. in a prolonged dispute before the Egyptian courts. The dispute was related to an arbitral award issued by CRCICA in 2022 against Misr Beni Suef Cement CO., with an excess amount of EGP 455 million, including interests accrued until the […]
Segame & Maalmi, a multidisciplinary law firm established in 1995, has unveiled a significant rebranding to reflect its evolved business strategy and core values. This rebranding goes beyond a new logo or color scheme—it represents
Saudi Arabia’s low-cost airline, Flynas, has announced its intention to list shares on the Tadawul stock exchange this year. This move aligns with Saudi Arabia’s broader ambitions to expand its aviation sector and
Banking & Finance
Capital Markets
Egypt
IPOs
B Investments Acquires Majority Stake in Orascom Financial
B Investments announced the successful completion of its mandatory tender offer (MTO) to acquire approximately 70% of Orascom Financial Holding (OFH). This transaction is the first MTO to be executed in the Egyptian market through a
News
Private Clients
Saudi Arabia
Services
United Arab Emirates
Law Firm Leads the Way with Inaugural ESG Report
Al Tamimi & Company has released its first-ever Environmental, Social, and Governance (ESG) Report. The report details the firm’s sustainability initiatives that were carried out during 2023. The report highlights the outcomes of the company’
Freshfields Bruckhaus Deringer (‘Freshfields’) has unveiled the promotion of 40 new counsel, effective from 1 May 2024. Spanning various regions and practice groups, the newly appointed counsels embody Freshfields’ dedication to fostering a diverse and skilled workforce. Their
International law firm, CMS has provided legal counsel to the European Bank for Reconstruction and Development (EBRD) and Meridiam on their equity investment, alongside Hassan Allam Utilities, in HAU Energy BV. This newly established platform
Deal & transactions
Transport
United Arab Emirates
Historic Cross-Country Railway Project Connects UAE and Oman
In a landmark development, Siemens Mobility and Hassan Allam Construction have been awarded the contract to design and build the railway systems and integration for the Abu Dhabi – Sohar railway link. This project marks the
Banking & Finance
Capital Markets
Industrial
United Arab Emirates
ADQ and OIA Launch US$180 Million Tech Fund
ADQ, a leading Abu Dhabi investment and holding company, announced the launch of the Jasoor Fund, a US$180 million technology-focused fund, in partnership with the Oman Investment Authority (OIA) represented by ITHCA Group. The Jasoor
Clyde & Co, has announced the expansion of its Middle East and Africa (MEA) employment group with the appointment of partner Ben Brown and senior associate David True. Both join from Addleshaw Goddard and will
