Abu Dhabi Islamic Bank (“ADIB”) signed a Memorandum of Understanding (“MoU”) with Abu Dhabi Global Market (“ADGM”), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community of Abu Dhabi. The association will further reinforce cooperation in various fintech initiatives, drive awareness, support in business development while […]
Banking & Finance
Deal & transactions
United Arab Emirates
Al Khayyat Investments acquires Growthcap’s distribution businessÂ
Regional conglomerate Al Khayyat Investments (“AKI”) has completed the acquisition of Growthcap Investments’s distribution business in the UAE in respect of over 30 brands including Tippys, Natures Kitchen, Enviro Guard, Resona Organics and Huy Fong.&
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons with Arada Developments on its USD100 million sukuk tap issuanceÂ
Arada Developments (“Arada”), the property developer in the Northern Emirates of the United Arab Emirates, has successfully closed a $100 million tap of its existing $350 million Sukuk, which was issued in June and listed on
Al Tamimi & Company has established a new Advocacy Unit and appointed partner David Holloway (pictured) as its head. The creation of the new unit has come in response to the increase in English language
Teynier Pic, the independent boutique firm dedicated to international and domestic dispute resolution in France, welcomes Danny Rifaat (pictured) to its partnership.  Rifaat’s experience includes acting as both arbitrator and counsel in international arbitrations
Deal & transactions
Energy & Trading
United Arab Emirates
Majid AlFuttaim committed to enhancing plastic pollution awareness
The 27th Conference of the Parties (“COP27”), currently being held in Egypt, witnessed the signing of a Memorandum of Understanding (“MoU”) between Majid Al Futtaim Holding Company, the UAE Ministry of
Deal & transactions
Transport
United Arab Emirates
Global Feeder Shipping sells majority stake to Abu Dhabi PortsÂ
Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business.&
Deal & transactions
TMT
United Arab Emirates
Clifford Chance advises MVP Tech Group on sale to ConvergintÂ
MVP Tech Group, a UAE-based security, IT Infrastructure and software engineering company serving private enterprises and government clients, has successfully completed the sale of its business to Convergint, a US-based global in service-based systems
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Chalhoub Group acquires majority stakes in Threads StylingÂ
Luxury retail operator, Chalhoub Group has acquired a majority stake in Threads Styling, a London based digital luxury retailer and personal shopping platform. Chalhoub Group acquired all shares of Threads Styling, with the exception of
Karim Nassif, founder of the independent Dubai based arbitration practice Nassif Arbitration, has been appointed a Vice Chair of the ICC Commission on Arbitration and ADR, upon the nomination of the ICC UAE National Committee
