Global law firm Eversheds Sutherland advised California-based Joby Aviation in its definitive agreement with Dubai’s Road and Transport Authority (RTA) to launch air taxi services in the Emirate by early 2026, with initial operations targeted as early as 2025. The electric aerial taxis, capable of carrying a pilot and up to four passengers at speeds […]
Banking & Finance
Capital Markets
United Arab Emirates
Norton Rose Leads Inaugural Chimera S&P India ETF Launch
Assisted by global law firm Norton Rose Fulbright, Lunate Capital has launched the Chimera S&P India Shariah ETF, marking the region’s inaugural exchange-traded fund (ETF) that monitors Shariah-compliant Indian stocks. The Chimera
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Dubai South & Aldar Launch Joint Venture for Grade A
Dubai South, a prominent urban master development, and Aldar Properties (“Aldar”)have joined forces to embark on a joint venture aimed at developing Grade A logistics facilities within Dubai South’s Logistics District. The
Parkin Company, the leading provider of paid parking facilities and services in Dubai, has revealed plans to embark on an initial public offering (IPO) and subsequently list its ordinary shares (Shares) on the Dubai Financial
With Senior EVP, Group General Counsel, Marouf Mohamed Shweikeh (pictured), at the helm of its legal department, Mashreq, a prominent financial institution in the MENA region, has recently concluded a significant transaction by finalizing a
Appointments
Egypt
United Arab Emirates
Updates
New branch of Khodeir & Partners inaugurated in the UAE
Khodeir & Partners (KP) has announced its expansion into the United Arab Emirates (UAE) with the establishment of a fully licensed office under the name Khodeir & Partners. To spearhead this new venture, Ammar El
ADNOC Distribution, the UAE’s leading fuel and convenience retailer, unveiled its ambitious future plans at its Investor Day today. Building on strong financial performance, including achieving a $1 billion EBITDA in 2023, the company outlined its
First Abu Dhabi Bank (FAB) has launched MENASSA (MENA Securities Services for Asset Managers), a groundbreaking post-trade platform tailored for MENA-based asset managers. With Nimer Basbous, Group General Counsel (pictured), heading the legal department, MENASSA
In a strategic move to bolster its presence in the Middle East, international law firm, Baker Botts has welcomed Alexander Hendry (pictured) as a partner in the Corporate Department at its Dubai office. Hendry brings
Capital Markets
Services
United Arab Emirates
Multiply Group Bolsters Portfolio with BackLite Media Acquisition
Abu Dhabi-based holding company Multiply Group has made a significant move in the Out-of-Home (OOH) advertising sector by acquiring 100% of BackLite Media, a prominent Digital Out-of-Home (DOOH) advertising company in the United Arab Emirates (UAE).
