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 of its cargo shipment. Etihad’s first NetZero transatlantic flight from Washington Dulles to Abu Dhabi utilised SAF combined with SAF Book […]
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.
Deal & transactions
Energy & Trading
United Arab Emirates
Mubadala secures strategic stake in AirCarbon Exchange (ACX)
Abu Dhabi based sovereign wealth fund, Mubadala Investment Company (“Mubadala”) and AirCarbon Exchange (“ACX”), the global exchange changing the voluntary carbon market, have successfully completed a transaction under which Mubadala has acquired a strategic stake
White & Case has promoted 26 lawyers to local partner and 14 lawyers to counsel. Six of the promoted local partners are based in Dubai and Riyadh. “Our local partner and counsel promotions span ten global practices
Banking & Finance
News
United Arab Emirates
Swiss digital asset bank Sygnum expands its services to Abu
Swiss digital asset bank Sygnum leverages its oversubscribed USD 90m Series B to expand internationally into Abu Dhabi’s high-growth crypto-hub. The bank “has received an in-principle approval from the Abu Dhabi Global Market’
Baraka, a commission-free online brokerage platform based in the Middle East, has raised USD20 million in a Series A funding round, led by Peter Thiel’s Valar Ventures with participation from global investment firm Knollwood. &
The first NFT by a law firm in the Middle East and North Africa (MENA) has been launched by Al Tamimi & Co. The collection, titled NFTamimi, provides a unique perspective of the region’s
Deal & transactions
Transport
United Arab Emirates
Dubai Aerospace Enterprise completes acquisition of SKY Fund I Irish
Aviation services corporation, Dubai Aerospace Enterprise (“DAE”) has completed the previously announced acquisition of SKY Fund I Irish and its subsidiaries (“SKY Fund I”) on 18th November. Sky Fund I owns and is
Education
IPOs
United Arab Emirates
Taaleem raises AED750 million in IPO with oversubscribed offering
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
Deal & transactions
Industrial
United Arab Emirates
Emirates Global Aluminium and ITOCHU to explore joint projects
Emirates Global Aluminium (“EGA”) and ITOCHU Corporation of Japan signed an agreement to explore joint projects in the UAE, which would advance the goals of the UAE’s Operation 300 billion industrial growth strategy. The
