NMC Healthcare group (“NMC”), a prominent private healthcare provider in the United Arab Emirates (“UAE”), and Dubai Islamic Bank (“DIB”), one of the largest Islamic banks in the UAE, have announced the successful resolution of all litigation between them, along with related third parties. In a joint statement released yesterday, NMC and DIB revealed that […]
Global law firm Clifford Chance has provided counsel to the joint lead managers on two sukuk issuances by the Islamic Corporation for the Development of the Private Sector (ICD) as part of its Trust Certificate
Banking & Finance
Transport
United Arab Emirates
Moove Secures $100 Million in Series B Funding Round
Moove, the global mobility fintech dedicated to democratizing vehicle ownership for mobility entrepreneurs, has announced a significant achievement today with the closure of a $100 million Series B funding round. The investment, led by Mubadala Investment
Capital Markets
Energy & Trading
United Arab Emirates
Masdar Acquires 50% Stake in Terra-Gen. The Advisors
Masdar, the Abu Dhabi Future Energy Company, has made significant strides in expanding its presence in the United States’ renewable energy market. The company has inked a definitive agreement to purchase a 50 percent stake in
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Dubai Holding Welcomes Nakheel and Meydan into its Portfolio
Under the visionary directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, Nakheel and Meydan will merge with Dubai Holding, marking a significant step towards sustained
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
ADREC Teams Up with Bayut, Dubizzle and Property Finder
Abu Dhabi’s Real Estate Centre (ADREC) has signed a Memorandums of Understanding (MoUs) with leading real estate platforms, Bayut, Dubizzle, and Property Finder. The objective is to augment transparency, efficiency, and decision-making within Abu
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC Inks Second Long-Term Deal for Ruwais LNG Project
ADNOC has signed a 15-year Heads of Agreement with SEFE Marketing & Trading Singapore Pte Ltd., a subsidiary of Germany’s SEFE Securing Energy for Europe GmbH, for the delivery of one million metric tonnes
Banking & Finance
TMT
United Arab Emirates
Trowers Advises Core42 On Securing Strategic Loan Facility
International law firm Trowers & Hamlins has acted as the English and UAE counsel to Injazat Data Systems in relation to a secured term loan facility availed from Abu Dhabi Commercial Bank. Injazat, now
As of March 2024, Andrea Appella (pictured) has assumed the role of Associate General Counsel EMEA at OpenAI, the company founded by Elon Musk to develop artificial intelligence technologies, including ChatGPT. This new position marks a
Banking & Finance
United Arab Emirates
Latham & Watkins Advises Investcorp on USD800M Financing Deal
Latham & Watkins has provided legal counsel to Investcorp Capital plc (Investcorp) on securing a significant US$800 million credit facility. This facility, arranged by a consortium of regional and international banks, underscores the strong support
