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 barrels per day by 2030 and gas self-sufficiency for the UAE. The award supports Adnoc’s objective to responsibly increase production capacity […]
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
Podcast production company Finyal Media has been acquired by the Jordanian podcast and media company Sowt. Founded in 2019, Dubai based Finyal Media is a podcast network which creates content for young Arabs across MENA,
Energy & Trading
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar invests AED 25m to support energy consumption reduction
Aldar Properties (“Aldar”) has committed to investing AED 25 million (approx. USD6.8 mil) for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’
Deal & transactions
News
United Arab Emirates
ADQ and OIA identify investment opportunities worth AED 30 billion
ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (“OIA”), across a variety of sectors aimed at contributing to increased economic cooperation and trade between both
Deal & transactions
Transport
United Arab Emirates
Etihad Rail and Oman Rail to build a USD 3 billion
Etihad Rail, the developer and operator of the UAE National Rail Network, signed an agreement with Oman Rail, the Sultanate’s national developer and operator of railway networks, to jointly establish an equally-owned company, Oman-Etihad
Appointments
Banking & Finance
United Arab Emirates
Jamie Levy named senior advisor at Abu Dhabi Investment Office
General counsel at Abu Dhabi Investment Office (“ADIO”), Jamie Levy (pictured), has been named as the company’s Senior Advisor, effective September 2022. The announcement was made by Levy via a LinkedIn post that read:”
