Aramco, Saudi’s global integrated energy and chemicals company, and international technology company Schlumberger have announced plans to collaborate and develop a digital platform that will provide sustainability solutions for hard-to-abate industrial sectors. The proposed platform will enable companies in sectors such as oil and gas, chemicals, utilities, cement, and steel will be able to use the […]
Appointments
Energy & Trading
United Arab Emirates
David Miles joins Linklaters’ Dubai Energy & Infrastructure practice
Linklaters strengthens its Energy & Infrastructure practice in the Middle East with hire of David Miles (pictured). The Dubai based partner is a legal veteran with over 20 years of experience in structuring, advising on, and
Deal & transactions
Egypt
Energy & Trading
Beeah and Green Planet to advance waste management in Egypt
Beeah Group, the Middle East’s sustainability pioneer, and Green Planet, Egypt’s emerging sustainable environmental services company, have formed a partnership to deliver a landmark ten-year contract in Sharm el-Sheikh, Egypt. Beeah Group and
Energy & Trading
Real Estate, Construction & Infrastructure
United Arab Emirates
Aldar invests AED 25m to support energy consumption reduction
Aldar Properties (“Aldar”) has committed to investing AED 25 million (approx. USD6.8 mil) for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’
Deal & transactions
Egypt
Energy & Trading
Elsewedy Electric secures contracts valued at USD113 m in Toshka
Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, has signed three contracts worth EGP 2.2 billion (approx USD 113.3 million) to establish transformer stations in the South Valley Development project which aims to reclaim 375,000
Deal & transactions
Energy & Trading
Other
Airut advises MEP in connection to Iraq-based Hydropower plant
Airut Law Offices (“Airut”) has advised Middle East Power (“MEP”) in respect to the drafting and review of the Operation and Maintenance Agreement for the Deralok 37 MW hydropower plant located in Duhok, Kurdistan Region Governorate,
Capital Markets
Energy & Trading
United Arab Emirates
Taqa and Mubadala to acquire 40% in 2 power plants
Integrated utilities companies Abu Dhabi National Energy Company (“TAQA”) and Mubadala Investment Company (“Mubadala”) signed binding agreements that will see the acquisition of a 40% in two gas-fired power generation plants in the Talimarjan power
Capital Markets
Energy & Trading
Qatar
United Arab Emirates
Dentons advises Tabreed on the sale of its 44% stake
National Central Cooling Company (“Tabreed”) has disposed of a 44% stake, valued at AED417 million (USD113.5 million), in Qatar District Cooling Company (“Qatar Cool”) to United Development Company. The proceeds of the transaction will be used
Abu Dhabi-headquartered international energy company, Mubadala Petroleum, has unveiled its new brand name – Mubadala Energy. The new brand reflects a fresh strategic direction that will see Mubadala Energy build on its contribution to the energy
Deal & transactions
Energy & Trading
United Arab Emirates
Norton Rose Fulbright advises IHC on a AED1.8B acquisition deal
Global law firm Norton Rose Fulbright has advised International Holding Company (IHC) in connection with its AED 1.8 billion (approximately USD 490 million) acquisition of a 50% stake in Kalyon Enerji, through its subsidiary International Energy Holding. &
