Matouk Bassiouny & Hennawy (MBH) recently served as legal counsel to Azorra, an aircraft leasing company, in its acquisition of 12 Airbus A220-300s from EGYPTAIR. The acquisition is part of Azorra’s strategic efforts to support EGYPTAIR’s ongoing fleet transformation and expand its services for passengers. These 12 aircraft from EGYPTAIR are set to complement Azorra’s […]
Dentons has acted as Oman counsel to the joint lead managers, on the debut issuance of US$500 million Trust Certificates due 2031 by Omantel Sukuk Limited, a special purpose vehicle issuer incorporated in the Cayman Islands.
White & Case LLP has advised Actis on its acquisition of a newly carved-out tower portfolio from leading Central & Eastern European telecommunications operator Telekom Srbija. “This is an extremely exciting transaction for Actis and
Capital Markets
Deal & transactions
Egypt
Industrial
Raya Auto partners with XPeng Motors to import electric vehicles
Helmy, Hamza & Partners, Baker McKenzie Cairo had advised Raya for Advanced Manufacturing (“Raya Auto“) on its agreement with Guangzhou Xiaopeng Motors Trading Co Ltd (“XPeng Motors”), a Chinese electric vehicle (EV) manufacturer. Raya Auto,
Banking & Finance
Deal & transactions
E-Commerce
Other
Paymob expands into Oman by partnering with NBO
In a groundbreaking step towards fostering digital innovation and financial inclusion in Oman, the National Bank of Oman (NBO) proudly announces a strategic alliance with Paymob, a leading Payment Services Provider (PSP) recently authorized by
In a landmark ruling, the Kuwaiti Court of Cassation has dismissed Kurdistan Regional Government’s appeal against a previous judgment favoring Alcazar Capital, a subsidiary of Kuwait-based Agility. Upholding the earlier ruling by Kuwait’s
Deal & transactions
Healthcare, Pharma & Life Sciences
TMT
United Arab Emirates
e& Enterprise Launches Telemedicine Project with Burjeel Holding
e& Enterprise and Burjeel Holdings, key players in the MENA healthcare sector, have joined forces in two groundbreaking collaborations to redefine healthcare delivery in the UAE and beyond. These collaborations include the launch of
News
Real Estate, Construction & Infrastructure
United Arab Emirates
Majid Al Futtaim Breaks Ground on Tilal Al Ghaf Projects
Under the guidance of Chief Legal Officer Hassan Basil Hassan (pictured), Majid Al Futtaim Development, part of Majid Al Futtaim, has commenced groundbreaking for two residential projects at its flagship destination, Tilal Al Ghaf.
Deal & transactions
Transport
United Arab Emirates
Oman and Etihad Rail Company partner with Al Jazeera Steel
Oman and Etihad Rail Company (OER), and Al Jazeera Steel Products Co. (AJSP) have entered into a Memorandum of Understanding (MoU) to enhance the efficiency of raw material and finished goods transportation. This strategic alliance,
Telecom Egypt, the state-owned telecommunications company, has secured a license to operate fifth-generation (5G) mobile phone services in the country, the Cabinet announced on Tuesday. The license, which costs $150 million, will allow Telecom Egypt to
