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 nations. This comes on the sidelines of the President of the UAE’s visit to Oman. ADQ and OIA recently entered into […]
Nord Anglia Education, a premium international schools organization, has further expanded its presence in the Middle East with the joining of Amman Academy to its family of schools. Amman Academy, a private co-educational, bilingual
Deal & transactions
Egypt
Food & Beverage
ZH&P on the Gov. of Egypt’s concession for Strategic Warehouses
Hassan Allam Utilities, Orascom, and Samcrete have signed an agreement with the Internal Trade Development Authority (“ITDA”) for the financing, design, construction, operation and maintenance of the strategic warehouses for primary products in the
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
Deal & transactions
Transport
United Arab Emirates
Safeen Feeders & Invictus Investment launch new dry bulk services
AD Ports Group’s Safeen Feeders has signed a strategic agreement with Invictus Investment to launch a new international dry bulk shipping service. Under the terms of the agreement, the two companies will purchase ships
Deal & transactions
Egypt
Fashion, Luxury & Design
Al Tamimi & Co advises ECC on the acquisition into
Egyptian Company for Cosmetics (“ECC”), an Egypt-based specialised contract manufacturer for the cosmetics and personal care industries, has acquired a majority stake in beauty products marketplace Source Beauty, for an undisclosed amount.
Deal & transactions
Oil & Gas
United Arab Emirates
Adnoc Drilling acquires two Premium Jack-Up Rigs for USD140m
Adnoc Drilling Company has signed a Sale and Purchase Agreement (“SPA”) to acquire an additional two premium offshore jack-up drilling units (the “rigs”) for USD140 million to meet Adnoc’s plan to raise and sustain
Deal & transactions
Transport
United Arab Emirates
UAE’s Etihad Rail signs four MoUs during Innotrans
UAE’s national railway network Etihad Rail has entered into four memorandum of understandings (MoUs) with SNCF International, Alstom, Thales Group and Progress Rail at the InnoTrans exhibition in Berlin, Germany. The agreements come as
Deal & transactions
Transport
United Arab Emirates
Air Arabia launches new airlines with Sudan’s Dal Group
United Arab Emirates-listed carrier Air Arabia and Sudanese conglomerate DAL Group have partnered to launch a new airline based in Sudan’s Khartoum International Airport. Air Arabia Sudan will be a joint venture
Deal & transactions
Egypt
Food & Beverage
Expedition Investments consortium completes acquisition into Domty
Expedition Investment consortium (the “Consortium”) has successfully completed the Mandatory Tender Offer (“MTO”) of a minority stake (32.9%) in of Arabian Food Industries Co. (“Domty”). The Consortium acquired 97% of the offered shares (96.2 million shares) at a
