Latham & Watkins has announced that 44 associates have been elected to the partnership and another 46 associates have been promoted to the role of counsel, effective January 1, 2023. Riyadh based Noor Al-Fawzan (pictured right) was elected to the partnership. A member of Latham & Watkins m&a practice and corporate department, Al-Fawzan advises companies and […]
BEEAH Group (“BEEAH” or “the company”) hosted its first BEEAH Legal Conference on Monday 17 October. The conference held at the company’s HQ building, designed by Zaha Hadid, saw BEEAH’s c-suite and leadership team
With ESG sitting at the top of the business agenda and being more prominent than ever, the region’s leading law firm has appointed Hamza Al-Haboubi (pictured) as its dedicated ESG Consultant. Environmental, Social,
Ammar El Banna, founder of Incept Legal and of counsel at Khodeir & Partners, has successfully secured an injunction for an international corporation before the Dubai Court of Appeal. El Banna acted for the
Deal & transactions
TMT
United Arab Emirates
Norton Rose Fulbright advises IHC on its acquisition into Emircom
IHC Digital, a subsidiary of International Holding Company (“IHC”), has successfully completed a AED 250 million acquisition of a 54% stake in Middle East information and communications technology (ICT) provider Emircom. The transaction, which closed on 28 September 2022,
Banking & Finance
United Arab Emirates
National Bonds Introduces its Golden Pension Scheme for UAE residents
National Bonds Corporation, the UAE based Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, has launched its Golden Pension Scheme in the UAE in a move to ramp up its
Deal & transactions
Energy & Trading
United Arab Emirates
Siemens Energy and Adio to set up innovation centre in Abu
The Abu Dhabi Investment Office (“Adio”) is joining forces with Siemens Energy to accelerate the development of clean energy technologies in the UAE and globally. Under the agreement, Adio will provide Siemens Energy
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Clifford Chance with Aldar Properties on a USD400m investment deal
Apollo Global Management (“Apollo”), through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties and the region’s most prominent institutional-class real estate platform. The USD 400
Deal & transactions
Oil & Gas
United Arab Emirates
Adnoc Drilling lands $1.53B contract for Adnoc’s offshore expansion
Abu Dhabi National Oil Company (“ADNOC”) has awarded a contract worth USD1.53 billion (AED5.62 billion) to Adnoc Drilling to support the expansion of Adnoc’s offshore operations and crude oil production capacity to five million
Banking & Finance
Energy & Trading
United Arab Emirates
Taqa secures refinancing of USD3.5 billion revolving credit facility
Abu Dhabi National Energy Company (“TAQA”) has secured refinancing its USD3.5 billion revolving credit facility. Secured via a syndicate comprising 20 banks, the new 5-year USD SOFR-based facility, which will be utilised for general corporate
