Chimera Investment has acquired 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 million. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector of the Egyptian economy. Adsero – Ragy […]
Eni CEO, Claudio Descalzi, and National Oil Corporation of Libya (‘NOC’) CEO, Farhat Bengdara, have come together to launch “Structures A&E,” a major gas development project in Libya. The aim is to boost
Deal & transactions
Oil & Gas
Qatar
QatarEnergy acquires a 30% interest in Lebanese offshore gas fields
QatarEnergy, in partnership with TotalEnergies and Eni, has signed agreements with the Lebanese government to become a stakeholder in two offshore exploration blocks in Lebanon. QatarEnergy will hold a 30% working interest in Blocks 4 and 9,
Deal & transactions
Egypt
Healthcare, Pharma & Life Sciences
Sandoz Egypt Pharma signs new partnership with Ibnsina Pharma
Sandoz Egypt Pharma, a division of the Novartis Group, and Ibnsina Pharma, a pharmaceutical distribution company, have partnered to expand access to Sandoz’s over-the-counter (OTC) portfolio of products through a distribution and
Deal & transactions
Fashion, Luxury & Design
United Arab Emirates
Majid Al Futtaim Lifestyle secures a partnership with Poltrona Frau
Majid Al Futtaim, a leader in fashion, shopping mall, communities, and leisure segment across the Middle East, Africa, and Asia, has entered into a strategic partnership with Poltrona Frau, the luxury Italian furniture brand. As
The Sovereign Fund of Egypt (“TSFE”) has established a Joint Venture with Etisalat Egypt by e& to launch the new company Erada Microfinance with the goal
Global law firm Norton Rose Fulbright advised Zain Group in respect of Zain Iraq’s entry into a definite 15-year agreement to sell and leaseback the passive physical infrastructure of its 4,968 tower portfolio in Iraq
Deal & transactions
Transport
United Arab Emirates
A&O advises ADIO on Road Lighting LED PPP project in
Allen & Overy has advised the Abu Dhabi Investment Office (ADIO) and the Department of Municipalities and Transport (DMT) in Abu Dhabi in relation to Phase 2 of its Road Lighting public-private partnership project (PPP) in
Deal & transactions
TMT
United Arab Emirates
Latham & Watkins advises on BioNTech’s acquisition of InstaDeep
Latham & Watkins has provided legal counsel to Chimera Abu Dhabi in the sale of its investment in InstaDeep, a global technology company in the field of artificial intelligence and machine learning, to BioNTech. The
Deal & transactions
TMT
United Arab Emirates
Matouk Bassiouny UAE: Beyon Cyber acquires into DTS Solution
DTS Solution (“DTS”) has signed an agreement for the sale of a majority stake to Beyon Cyber (“BC”), part of the Beyon Group, a cybersecurity provider in Bahrain. Established in 2011, DTS Solution is a
