ADNOC Distribution, the UAE’s leading fuel and convenience retailer, unveiled its ambitious future plans at its Investor Day today. Building on strong financial performance, including achieving a $1 billion EBITDA in 2023, the company outlined its strategy to maintain growth and become a multi-energy leader by 2028. This multi-pronged approach focuses on expanding beyond traditional […]
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United Arab Emirates
UAE to Invest $35 Billion in Ras El-Hekma in Landmark
In a groundbreaking move set to redefine Egypt’s coastal landscape, ADQ, an Abu Dhabi-based investment and holding company, is spearheading a USD 35 billion investment in the Ras El-Hekma region. The project has been described
The Saudi Fund for Development has signed a funding agreement with the Tunisian government, committing 55 million US dollars (approximately 173 million dinars) to a project aimed at renovating Tunisia’s phosphate transport railway network. The project,
Abu Dhabi Islamic Bank (ADIB) has launched a new payment hub, transforming the way customers conduct their transfers. The bank collaborated with real-time payment solutions company, ProgressSoft, to integrate Cross-Border Services and expedite cross-border remittances.
With Mike Sosso (pictured), BP’s EVP Legal at the helm, the global company is set to make substantial investments in Egypt’s development and exploration activities, with plans to inject USD1.5 billion into the
Latham & Watkins has been granted a Regional Headquarters (RHQ) License from the Ministry of Investment of Saudi Arabia. With a presence in the Middle East since 2008, the firm currently operates from two offices located
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Dreny and Partners Facilitates Major Commercial Paper Issuance
Dreny and Partners, led by Iman Raouf, Partner and Director of Capital Markets and Financial Services, has played a pivotal role in the third issuance of commercial paper by “Global Corp for Financial Services”, valued
Uppercase Legal Advisory, has announced its plans to establish a practice in Riyadh, Saudi Arabia, in the second quarter of 2024. This strategic move is part of the firm’s expansion plan in the Middle East
ASAR, in collaboration with Watson Farley & Williams, contributes to the enhanced Global Aviation Resource Index (GARI), offering insights into Kuwait’s aviation landscape. Ezekiel Tuma (Partner, pictured) and Brenda Ntambirweki (former Senior Associate at
Pinsent Masons Vario has unveiled its presence in the Middle East, launching its flexible services business from the firm’s Dubai office. This expansion marks a strategic move to enhance the firm’s professional and
