Global law firm Clifford Chance has provided legal counsel to Binghatti Holding Limited (“Binghatti”) on its inaugural issuance of US$300 million ijara-murabaha sukuk, which concluded on February 29, 2024. This debut venture into the international debt capital markets for Binghatti involved the issuance of Regulation S sukuk with a 3-year tenor. These sukuk have been listed […]
Global law firm Norton Rose Fulbright has successfully advised bp on its strategic entry into a joint venture (JV) with the Abu Dhabi National Oil Company (ADNOC) in Egypt. Under the terms of the
Banking & Finance
Capital Markets
E-Commerce
Egypt
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Zaki Hashem & Partners Advises B Investments in Acquisition
Zaki Hashem, Attorneys at Law, is pleased to announce its role in advising B Investments Holdings SAE (B-Investments) in a mandatory tender offer to acquire up to 90% of Orascom Financial Holding (OFH). The acquisition, a
Capital Markets
Real Estate, Construction & Infrastructure
Restructurings
Saudi Arabia
Transport
United Arab Emirates
Al Arabia Secures $142M Advertising Contract with Dubai’s RTA
The UAE subsidiary of the Saudi-listed Arabian Contracting Services Company, (Al Arabia), has signed a significant advertising billboard contract with Dubai’s Roads and Transport Authority (RTA). The deal, valued at 522.84 million UAE dirhams ($142.35 million),
Apex International Energy, a leading energy company, has announced a significant partnership with the Egyptian Natural Gas Company (GASCO) during the Egypt Energy Show (EGYPES) 2024 The partnership, formalized through a Memorandum of Understanding (MOU), will
Deal & transactions
Transport
United Arab Emirates
Eversheds Sutherland Guides Joby’s Dubai Air Taxi Launch
Global law firm Eversheds Sutherland advised California-based Joby Aviation in its definitive agreement with Dubai’s Road and Transport Authority (RTA) to launch air taxi services in the Emirate by early 2026, with initial operations targeted
Global law firm Clifford Chance is taking a significant step forward in its digital transformation journey by expanding its use of AI technologies with the deployment of Copilot for Microsoft 365 and Viva Suite for its
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Corporate
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Qatar
TMT
Ooredoo Group Pledges $1.1bn to Bridge Digital Divide
In a significant legal development, Qatar’s Ooredoo Group has committed a cumulative investment of $1.1bn for the period 2024-2026 to bridge the digital divide in developing markets. The pledge was made as part of
Telecom Egypt, the integrated operator of communications and Information Technology services in Egypt, has entered into a strategic partnership with Huawei during the Mobile World Congress (MWC 2024) to deploy 5G network infrastructure. This collaboration underscores
Deal & transactions
Real Estate, Construction & Infrastructure
Saudi Arabia
KN&P Facilitates Al-Akaria’s Sidrat Al Ula Agreement
Saudi Real Estate Co. (“Al-Akaria”) has inked a significant Development Management Agreement, facilitated by KN&P. This agreement, signed with the Royal Commission for Al Ula and Al Ula Development Company, paves the way
