Stephenson Harwood, a global law firm, has recently announced the adoption of the legal artificial intelligence (AI) tool, Harvey. The firm plans to deploy this tool across its offices worldwide, including those in the Middle East. Harvey, a generative AI tool, is designed to automate and enhance various legal tasks such as due diligence, research, […]
Banking & Finance
Capital Markets
Deal & transactions
Industrial
Real Estate, Construction & Infrastructure
Restructurings
Saudi Arabia
BlackRock and KSA PIF Sign Investment Management MoU
BlackRock, the world’s largest asset manager, has entered into a non-binding Memorandum of Understanding (MoU) with the Public Investment Fund (PIF) of Saudi Arabia. The MoU outlines the establishment of BlackRock Riyadh Investment Management (
Corporate
Deal & transactions
Egypt
Industrial
Villeroy & Boch’s in Partnership with Keramika Magenta
Matouk Bassiouny & Hennawy (MBH), has successfully advised Villeroy & Boch, a renowned German ceramics manufacturer, on their new partnership with Keramika Magenta. This collaboration marks Villeroy & Boch’s strategic move to start manufacturing
Capital Markets
Egypt
Industrial
Restructurings
Updates
Amr & Partners Paves the Way for Villeroy & Boch’s
Villeroy & Boch, an international ceramics manufacturer, has successfully established its manufacturing presence in Egypt. This milestone was achieved through a strategic partnership with Keramika Magenta, a prominent player in the local ceramics industry. Amr &
Capital Markets
Competition & Antitrust
Egypt
Industrial
White Collar Crime
MBH Secures Favorable Settlement for Misr Beni Suef Cement CO
Matouk Bassiouny & Hennawy (MBH) announced a successful settlement for Misr Beni Suef Cement CO. in a prolonged dispute before the Egyptian courts. The dispute was related to an arbitral award issued by CRCICA in 2022
Banking & Finance
Capital Markets
Industrial
United Arab Emirates
ADQ and OIA Launch US$180 Million Tech Fund
ADQ, a leading Abu Dhabi investment and holding company, announced the launch of the Jasoor Fund, a US$180 million technology-focused fund, in partnership with the Oman Investment Authority (OIA) represented by ITHCA Group. The Jasoor
Deal & transactions
Industrial
United Arab Emirates
Masdar, EGA Join Forces for Low-Carbon Aluminium Solutions
Abu Dhabi Future Energy Company (Masdar) and Emirates Global Aluminium (EGA) have embarked on a strategic partnership aimed at advancing aluminium decarbonisation efforts and exploring avenues for low-carbon growth. The collaboration, solidified with the
International law firm White & Case has provided legal counsel to a consortium of lenders led by the International Finance Corporation (IFC) in arranging a substantial US$1.25 billion financing package for Nigeria-based Indorama Eleme Fertilizer
Banking & Finance
Capital Markets
Egypt
Industrial
Ip
Qalaa Holdings declares debt resolutions and restructuring plans
Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement
In a significant development, Decree, under the leadership of its Chief Executive Officer, Riyadh Al-Balushi, has launched Decree Risk. This innovative tool is a structured database designed to assist organizations in managing their risk when
