In a significant step towards sustainable development and carbon neutrality, DP World, under the guidance of Olivier Schwartz, Group Chief Legal Officer & General Counsel, has inked a Carbon Removal Certification Agreement with Industrial Innovation Group. The latter, a global player in high-tech carbon removal initiatives, will work alongside DP World to implement long-term solutions […]
Air Arabia, a major low-cost carrier in the Middle East and North Africa, celebrated the inaugural flight to Phuket, Thailand, under the legal guidance of Group Head of Legal, Osama Romeih (pictured). The event,
Deal & transactions
Industrial
United Arab Emirates
ADNOC and OCI Global Forge Agreement for Fertiglobe Acquisition
With legal oversight from Adnoc’s Chief Legal Officer, Marwan Naim Nijmeh and Maud de Vries, Chief Legal and. Human Capital Officer at OCI Global, Abu Dhabi National Oil Company (ADNOC) and
Corporate
Private Clients
Transport
United Arab Emirates
UAE Tax Dispute Resolved: Victory for Habib Al Mulla and
In a groundbreaking legal triumph, Habib Al Mulla and Partners‘ esteemed tax and financial crimes team secured a resounding success in a recent taxation dispute brought before the Federal Supreme Court of the United Arab
Global law firm Dentons has provided legal counsel to Immensa, a prominent additive manufacturing and digital inventory platform operating in the MENA region. Immensa successfully secured a substantial investment of US$20 million in its latest
Deal & transactions
Healthcare, Pharma & Life Sciences
Other
Clifford Chance on Aster DM Healthcare’s $1B Gulf Business Sale
Clifford Chance has provided counsel to the Moopen Family, founders of Aster DM Healthcare, in a strategic move to separate the Indian and Gulf Cooperation Council (GCC) businesses of Aster DM Healthcare. This transformative restructuring
Capital Markets
Healthcare, Pharma & Life Sciences
United Arab Emirates
A&O: Fajr Capital buys into Aster DM Healthcare’s GCC business
A consortium led by Fajr Capital, guided by Allen & Overy, is set to acquire a 65% stake in Aster DM Healthcare, specifically its GCC business. Aster DM Healthcare’s board of directors has approved the
The Saudi Data and Artificial Intelligence Authority (SDAIA) has recently unveiled the second iteration of its AI Ethics Principles (AI Principles 2.0). This marks a significant step in establishing a principle-based ethical framework for the development
Banking & Finance
Real Estate, Construction & Infrastructure
Saudi Arabia
White & Case on SRC’s SAR 3.5 bil dual-tranche guaranteed
Global law firm White & Case has advised Saudi Real Estate Refinance Company (SRC) on the issuance of SAR 3.5 billion dual-tranche sukuk guaranteed by the Kingdom of Saudi Arabia under its SAR 20 billion domestic sukuk
Capital Markets
Fashion, Luxury & Design
United Arab Emirates
King & Spalding: Aydın Group sells Major Stake to DIB
King & Spalding provided legal guidance to Aydın Group in the sale of a 20% minority stake in the T.O.M. Group to Dubai Islamic Bank (DIB). This transaction includes an option for DIB
