Abu Dhabi National Oil Company (“ADNOC”) and Abu Dhabi National Energy Company (“TAQA”) are jointly procuring the development, innovative sub-sea electricity transmission project The development is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent, replacing existing offshore gas turbine generators with more sustainable power sources from 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
Appointments
Banking & Finance
United Arab Emirates
Gabriella Savastano appointed to CMS’ financial services practice
International law firm CMS bolsters its financial services offering in the UAE with the appointment of Gabriella Savastano (pictured) as legal director in its Dubai office. Savastano specialises in financial services regulation and
Appointments
Energy & Trading
United Arab Emirates
David Miles joins Linklaters’ Dubai Energy & Infrastructure practice
Linklaters strengthens its Energy & Infrastructure practice in the Middle East with hire of David Miles (pictured). The Dubai based partner is a legal veteran with over 20 years of experience in structuring, advising on, and
Healthcare, Pharma & Life Sciences
IPOs
United Arab Emirates
Burjeel Holdings opens subscription period for IPO in UAE
Burjeel Holdings has announced the offer price range and the opening of the subscription period for its Initial Public Offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The opening of the subscription period
