Emirates Global Aluminium (“EGA”) and ITOCHU Corporation of Japan signed an agreement to explore joint projects in the UAE, which would advance the goals of the UAE’s Operation 300 billion industrial growth strategy. The two companies have agreed to explore expanding their long-termed cooperation to leverage both industrial capabilities in opportunities that complement EGA’s existing […]
Banking & Finance
Deal & transactions
United Arab Emirates
Abu Dhabi Global Market signs MoU with Abu Dhabi Islamic
Abu Dhabi Islamic Bank (“ADIB”) signed a Memorandum of Understanding (“MoU”) with Abu Dhabi Global Market (“ADGM”), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community
Banking & Finance
Deal & transactions
United Arab Emirates
Al Khayyat Investments acquires Growthcap’s distribution business
Regional conglomerate Al Khayyat Investments (“AKI”) has completed the acquisition of Growthcap Investments’s distribution business in the UAE in respect of over 30 brands including Tippys, Natures Kitchen, Enviro Guard, Resona Organics and Huy Fong.&
Lumen Technologies (“Lumen”), a multinational technology company, entered into an exclusive arrangement for the proposed sale of Lumen’s Europe, Middle East and Africa (“EMEA”) business to digital infrastructure company Colt Technology Services (“Colt”)
German rail mobility solutions provider, Deutsche Bahn International Operations (“Deutsche Bahn”), part of DB E.C.O. Group; and Elsewedy Electric have signed a 15 years operations and maintenance agreement with National Authority
Deal & transactions
Energy & Trading
United Arab Emirates
Majid AlFuttaim committed to enhancing plastic pollution awareness
The 27th Conference of the Parties (“COP27”), currently being held in Egypt, witnessed the signing of a Memorandum of Understanding (“MoU”) between Majid Al Futtaim Holding Company, the UAE Ministry of
Deal & transactions
Other
Transport
Asafo & Co. advised Forafric in its acquisition into Groupe Sahel
Asafo & Co. advised Moroccan miller Forafric Global (“Forafric”) on its acquisition of a controlling interest in Groupe Sahel, a major cereal industry producer in the Sahel region. Forafric is the leader in flour
Deal & transactions
Transport
United Arab Emirates
Global Feeder Shipping sells majority stake to Abu Dhabi Ports
Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business.&
Deal & transactions
TMT
United Arab Emirates
Clifford Chance advises MVP Tech Group on sale to Convergint
MVP Tech Group, a UAE-based security, IT Infrastructure and software engineering company serving private enterprises and government clients, has successfully completed the sale of its business to Convergint, a US-based global in service-based systems
Deal & transactions
Energy & Trading
Saudi Arabia
APICORP signs a USD75m Islamic facility for Voluntary Carbon Offsets
The Arab Petroleum Investments Corporation (“APICORP”), an energy-focused multilateral development financial institution, has signed a USD75 million Murabaha agreement in favour of Hartree Partners Power & Gas Company (UK), an affiliate of global energy and
