The Egyptian Ministry of Petroleum and Mineral Resources, in collaboration with Eni and local entities, signed significant cooperation agreements to establish new Applied Technical Schools in Damietta and Marsa Matrouh governorates. These schools, operated by Elsewedy Technical Academy, aim to enhance technical education in the region and provide specialized training in fields such as hospitality, […]
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Egypt
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United Arab Emirates
UAE to Invest $35 Billion in Ras El-Hekma in Landmark
In a groundbreaking move set to redefine Egypt’s coastal landscape, ADQ, an Abu Dhabi-based investment and holding company, is spearheading a USD 35 billion investment in the Ras El-Hekma region. The project has been described
Macquarie AirFinance, a prominent provider of aircraft leasing and financing solutions, has entred into an agreement to acquire an additional portfolio of 23 aircraft from Kuwait-based ALAFCO Aviation Lease and Finance Company (“ALAFCO”) for approximately $US1.1
With General Counsel Richard Morton (pictured) at the helm of its legal department, Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) has joined hands with the United Nations Development Programme (UNDP) to propel the use
Mazghouny & Co has provided legal counsel to Scatec, a Norwegian renewable energy developer, in its collaboration with Misr Aluminium Company (EgyptAlum). The agreement, inked on February 20, 2024, focuses on the development of a groundbreaking 1GW
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Transport
United Arab Emirates
EDGE Group & Fincantieri Forge Multi-Billion Euro Naval Venture
UAE’s EDGE Group and Italian shipbuilder Fincantieri have launched a Multi-Billion Euro Joint Venture, aiming to establish a UAE-based naval manufacturing pipeline worth an estimated 30 billion euros. EDGE, an advanced technology and defence group,
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TMT
DAMAC’s Edgnex and Vodafone to Build $100M Data Center in
DAMAC Properties is making significant strides in digital infrastructure investment. Teaming up with British telecoms operator Vodafone, Edgnex Data Centres by DAMAC is embarking on a groundbreaking venture worth $100 million to establish a new data
Deal & transactions
Food & Beverage
United Arab Emirates
Majid Al Futtaim and Dubai Municipality Team Up for Food
Dubai Municipality and Majid Al Futtaim – Retail have joined forces in a strategic partnership aimed at ensuring the sustainable provision of essential food commodities in Dubai’s local markets. Majid Al Futtaim – Retail, the exclusive
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Bloom Holding Unveils Seville: Fifth Phase of Bloom Living
Under the legal guidance of General Counsel Giovanni Carpenzano (pictured), Bloom Holding, a prominent real estate development company in the UAE, has unveiled ‘Seville,’ the fifth phase of its integrated community, Bloom Living, in Abu
With Mike Sosso (pictured), BP’s EVP Legal at the helm, the global company is set to make substantial investments in Egypt’s development and exploration activities, with plans to inject USD1.5 billion into the
