Tecom Group, a strategic business enabler and a part of Dubai Holding, raised AED1.7 billion (USD463.2 million) from its initial public offering on the Dubai Financial Market. Subject to market conditions and the obtaining of relevant regulatory approvals in the UAE, Tecom’s shares will begin trading on the Dubai stock exchange on July 5 under […]
Appointments
Uncategorized
United Arab Emirates
Naji Hawayek named Head of Corporate, Middle East at Clyde &
Clyde & Co has appointed UAE based partner Naji Hawayek (pictured) to head its corporate and M&A practice in the Middle East. The announcement came on a LinkedIn post shared by Hawayek saying:”
Appointments
Uncategorized
United Arab Emirates
Shearman & Sterling welcomes 12 new members to its partnership
Shearman & Sterling has appointed 12 new partners to the firm, span across seven of its offices Abu Dhabi, Austin, Dallas, London, Menlo Park, New York and Washington, D.C. Effective July 1, 2022. The new partners
Banking & Finance
Transport
United Arab Emirates
Abu Dhabi’s IHC and Alpha Dhabi to invest USD50m in
Abu Dhabi-listed companies International Holding Company (IHC) and its subsidiary Alpha Dhabi will invest a combined amount of USD50 million in Space Exploration Technologies Corporation (SpaceX). IHC, which already has a stake
Banking & Finance
TMT
United Arab Emirates
PwC Middle East invests in AWS Premier Consulting Partners Zero&One
PwC Middle East enters into a strategic investment in Zero&One, Amazon Web Services (AWS) Premier Consulting Partners in the region. Zero&One supports clients’ growth through delivering AWS services
Deal & transactions
Insurance
United Arab Emirates
Daman and Emirates NBD launch new ‘Early Payment Scheme’
Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region and the National Health Insurance Company – Daman, have launched a new financing initiative providing an ‘Early Payment Scheme’ to Daman’
Deal & transactions
Transport
United Arab Emirates
EQT Private Equity and Mubadala to acquire Envirotainer
The EQT X fund and Mubadala Investment Company, have entered into an agreement to acquire Envirotainer, the global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals, from Cinven and Novo
Industrial
IPOs
United Arab Emirates
Borouge completes its initial listing on Abu Dhabi Securities Exchange
Borouge, the strategic joint venture between Abu Dhabi National Oil Company (“ADNOC”) and Borealis (“Borealis”), providers of innovative and differentiated polyolefin solutions, has listed on the Abu Dhabi Securities Exchange (“ADX”) on June 3, 2022. Upon
Banking & Finance
Transport
United Arab Emirates
DP World and CDPQ investment of USD5 billion in UAE
DP World and CDPQ, a global investment group, announced an investment of USD5 billion in three of DP World’s flagship UAE assets. Under a joint venture structure, Canadian investment group CDPQ will take
Appointments
Banking & Finance
United Arab Emirates
Tabarak Investment appoints Nabil Azar as chief legal officer
Private equity firm, Tabarak Investment has named Nabil Azar (pictured) as its new chief legal officer. Azar is a legal expert in the field of banking and finance. He joins Tabarak Investment for the
