Clifford Chance has advised Elia, one of Europe’s top five transmission system operators, in structuring and negotiating the EPCI construction contract for the world’s first artificial renewable energy island. TM Edison, a consortium of two major dredging companies DEME and Jan De Nul, won the contract through a competitive public procurement process. The island […]
Deal & transactions
Oil & Gas
United Arab Emirates
DLA Piper: Uniper sells marine fuel trading business in Dubai
DLA Piper provided legal advice to Uniper Group regarding the sale of its crude oil processing and marine fuel trading business in the United Arab Emirates. A consortium composed of Montfort Group and the Private
Deal & transactions
Egypt
Energy & Trading
Mazghouny & Co: Scatec signs agreement with Echem and Mopco
Mazghouny & Co has assisted Scatec with signing the joint development agreement concluded with the Egyptian Petrochemicals Holding Company (Echem) and Misr Fertilizers Production Company (Mopco) for cooperation in the field of implementing green projects
Banking & Finance
Deal & transactions
United Arab Emirates
ADGM and Zand Bank partner to support Abu Dhabi’s Tech
With its in-house legal team led by Eyad Mahadeen (pictured), chief legal officer and board secretary at ADGM, Abu Dhabi Global Market (ADGM) have joined forces with the UAE’s first all-digital bank
Deal & transactions
Services
United Arab Emirates
Eversheds Sutherland on Gulf Capital’s CWB merger with PETOŠEVIĆ
Gulf Capital’s CWB Group has announced its merger with PETOŠEVIĆ Group, forming an international intellectual property (IP) firm that will cater to clients across 52 countries in the Middle East, North Africa, Eastern Europe,
Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt&
Deal & transactions
Egypt
Real Estate, Construction & Infrastructure
ALC: Palm Hills Developments closes EGP 638 mn securitization
Palm Hills Developments a real estate developer in Egypt and EFG Hermes, an investment bank franchise in Frontier and Emerging Markets (FEM), jointly successfully closed an EGP 638 million (approx. USD 20.9 million) securitized bond. The issuance’
Deal & transactions
Food & Beverage
Saudi Arabia
Almarai completes acquisition of International Dairy and Juice
Almarai Investment Holding, a unit of the largest dairy company in the Middle East, Saudi Arabia’s Almarai, has acquired full ownership of International Dairy and Juice Limited (IDJ), a former joint venture with PepsiCo
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Cms advises Aldar Properties on its partnership with Dubai Holding
International law firm CMS has advised Aldar Properties (“Aldar”) on its joint venture with Dubai Holding to develop three new residential communities in Dubai consisting of over 9,000 residential units. The agreement marks Aldar’s
Saint-Gobain, through its Chryso business, has completed the acquisition of IDP Chemicals in Egypt. IDP Chemicals is focused on the buoyant building and infrastructure markets in Egypt, which should see strong growth for the
