Global technology and investments group e& has entered into a binding agreement with Uber Technologies and its subsidiary Careem to acquire a 50.03% majority stake in the spinout — Careem Technologies — with a USD 400 million investment. Careem Technologies will focus on the growth of the company’s “super app,” which offers dozens of services beyond ridehailing […]
Banking & Finance
Energy & Trading
United Arab Emirates
Yellow Door Energy secures Multi-Million Dirham Debt Refinancing
Yellow Door Energy, a sustainable energy developer in the MENA region, has successfully secured a multi-million dirham debt refinancing partnership with the National Bank of Fujairah. The deal, advised by law firm Stephenson Harwood, will
Akin announced the full launch of Innovative Legaltech Solution, OverRuled, a platform developed and owned by Akin Gump Solutions. OverRuled empowers lawyers and compliance practitioners to access and analyze consolidated data
Linklaters has recently announced the election of 41 new partners across its network, effective from May 1st, 2023. One of the newly elected partners is Dalia Nammari (pictured above), a Dubai-based capital markets practitioner with over 11 years
Banking & Finance
IPOs
United Arab Emirates
Clifford Chance advises on Al Ansari Financial Services IPO
International law firm Clifford Chance has acted as international issuer’s counsel to Al Ansari Financial Services on its highly successful initial public offering (IPO) and listing on the Dubai Financial Market (DFM). Following the
Pinsent Masons has appointed Louisa Lynch (pictured) as a real estate partner in Dubai. Lynch, who has been advising clients in the region since 2008, brings extensive experience advising developers, lenders, and investors on a range
Bank of Sharjah has successfully completed its issuance of USD500 million Notes due 2028, with legal advisory services provided by Dentons. The issuance, which was completed on 14 March 2023, received orders exceeding USD1 billion and was more
Hage-Chahine Law Firm has entered into a strategic association with UAE Firm Habib Al Mulla and Partners, aimed at providing clients with high-quality legal services and solutions in the UAE. The two firms signed a
Deal & transactions
Saudi Arabia
TMT
United Arab Emirates
DLA Piper: Zain Group ventures into E-Sports and Cloud Services
ZainTech, the one-stop digital and ICT solutions powerhouse of Zain Group, advised by DLA Piper Middle East, has entered into a USD45 million agreement for the complete acquisition of BIOS Middle East, a regional managed
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Baker McKenzie and CMS on Aldar acquisition of Nurai Island
International law firms Baker McKenzie and CMS have advised on the sale of Nurai Island, an ultra-luxury boutique private island resort off the coast of Abu Dhabi, to Aldar Properties (“Aldar”), a major real estate
