The General Authority for Investment and Free Zones (GAFI) has introduced a new initiative called the “Single Approval” to enhance its existing “Golden License” framework in order to attract more investors. This development was announced on August 7th, 2023, by Hossam Haiba, who serves as the Chairman of GAFI. The Single Approval is designed to […]
Dentons, the largest global law firm, is set to introduce a specialized version of ChatGPT called “fleetAI” that aims to enhance its legal services by leveraging generative artificial intelligence. This proprietary tool incorporates a chatbot
Consumer protection is a cornerstone of a thriving economy, ensuring that individuals and businesses engage in fair and transparent transactions. Recognizing its significance, the United Arab Emirates (UAE) took a significant step towards bolstering consumer
Global law firm Dentons is revolutionising its legal services through the introduction of “fleetAI,” an exclusive version of ChatGPT that empowers its lawyers to leverage generative artificial intelligence on active client matters. “fleetAI” features a
News
Real Estate, Construction & Infrastructure
Saudi Arabia
SEVEN Unveils New Entertainment Destination in Almadinah
Saudi Entertainment Ventures (SEVEN), a subsidiary of the Public Investment Fund (PIF), has announced the construction of a new entertainment destination in Almadinah, and work is already underway. The construction is being carried out by
Energy & Trading
News
United Arab Emirates
Successful Steam Blow at Al Layyah Combined Cycle Power Plant
June 2023 marked a significant milestone as Al Layyah Combined Cycle Power Plant, boasting a capacity of 1,026 MW, successfully completed its steam blow for Sharjah Electricity, Water and Gas Authority (SEWA). This achievement stands as a
Meysan Partners, an international law firm, has opened its first office outside the Middle East, located in London. The new office, called Meysan London, will focus on heavyweight commercial and investor-state disputes, bringing the firm’
Cairo, In a groundbreaking move, the Financial Regulatory Authority (FRA) has issued three pivotal decisions – decision no. 139, 140, and 141 of 2023 – nearly a year after the enactment of Law no. 5 of 2022 Regulating and Developing the Use of
Cairo, Egypt – In a significant move aimed at attracting foreign investments, the Cabinet of Egypt has approved a draft law to amend provisions of the Importers Register Law (Law No. 121 of 1982). The amendment allows for
Deal & transactions
News
Real Estate, Construction & Infrastructure
Saudi Arabia
Linklaters advises on Neom’s US$5.6B smart city deal
Neom, the planned smart city in northwest Saudi Arabia, has reached a significant milestone in its development with the finalization of contracts worth SAR 21 billion ($5.6 billion) in investments. The contracts, part of a large-scale public-private
