Riad & Riad (“R&R”) has successfully closed a settlement agreement between one of the leading energy companies in the Middle East and a leading state-owned Chinese EPC contractor. The parties had a Euro 40 million construction arbitration dispute under the rules of Dubai International Arbitration Center (“DIAC”). The dispute was relating to delay in implementing […]
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC signs contracts worth AED1bn with four catering companies
Abu Dhabi National Oil Company (“ADNOC”) has signed agreements worth over AED 1 billion (USD270 mln) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027. The contracts
Deal & transactions
Energy & Trading
United Arab Emirates
Emerge and Al Dahra to develop rooftop solar project in
Emerge, a joint venture between Masdar and EDF, and Al Dahra Group, an integrated agri-businesses in the Middle East, have entered into a strategic partnership to develop a rooftop solar photovoltaic (PV) installation at Al
Deal & transactions
Real Estate, Construction & Infrastructure
Services
United Arab Emirates
AD Ports Group: Kezad Communities merges with Al Eskan AlJamae
AD Ports Group has announced the merger of Kezad Communities with Al Eskan Al Jamae (“EAJ”) to create Abu Dhabi’s largest integrated staff accommodation company in which AD Ports Group will retain a controlling
Banking & Finance
United Arab Emirates
DIB lists $750 mln inaugural sustainable Sukuk on Nasdaq Dubai
Tuesday 06/12/2022 marks the day Dubai Islamic Bank (“DIB”) rang the market-opening bell to celebrate the listing of its inaugural sustainable Sukuk with a value of USD 750 million on Nasdaq Dubai. The Sukuk is the
Deal & transactions
Energy & Trading
United Arab Emirates
Beeah, Masdar and Veolia to operate Sharjah Waste to Energy
Beeah Group, the Middle East’s sustainability and digitalisation expert, Masdar, Abu Dhabi’s clean energy company, and Veolia Near & Middle East, the providers of optimised resource management, have formed a joint
Appointments
United Arab Emirates
Linklaters appoints Jonathan Fried as Middle East Managing Partner
Global law firm Linklaters has appointed Jonathan Fried (pictured) as managing partner for the Middle East, effective 1 December. Fried will also contribute towards key management decisions that help shape the firm’s overall strategy. Fried
Taaleem Holdings, the K-12 premium education providers in the UAE with a portfolio consisting of 26 schools, has successfully completed the book building and public subscription process for its Initial Public Offering (“IPO”) on the
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, partner DSV Global Transport and Logistics has become the carrier’s first partner to purchase sustainable aviation fuel (“SAF”) to offset the carbon emissions
Deal & transactions
Transport
United Arab Emirates
A&O with Abu Dhabi Ports Group on the acquisition of
Abu Dhabi Ports Group has acquired Spanish logistics firm Noatum for AED2.5 billion (USD681 million). The investment in Noatum, will significantly extend AD Group’s global connectivity to create a market-leading international logistics brand.
