Beeah Digital, Beeah Group’s digital transformation and future technology business, and Khazna Data Centers (“Khazna”), wholesale data centre providers in the MENA Region, have formed a joint venture that will bring to Sharjah its first Tier 3 data centre. The newly established data centre will enable business transformation, economic growth, and a technologically secure future along […]
Commercial International Bank (“CIB”), a private sector bank in Egypt, has acquired a minority stake of 15% of El Sewedy for Engineering Industries (“SEI”). The acquisition will see SEI expanding in the local and regional
Oil & Gas
Private Clients
United Arab Emirates
Clyde & Co represents ABNIC in oil tanker disappearance claim
Global law firm Clyde & Co has successfully represented Al Buhaira National Insurance Company (“ABNIC”) in a marine insurance case in the Dubai International Financial Centre (“DIFC”) Courts. The Clyde & Co team was led
Healthcare, Pharma & Life Sciences
News
Other
Trowers & Hamlins: RCSI Bahrain launches new solar farm project
The Royal College of Surgeons in Ireland – Medical University of Bahrain (“RCSI Bahrain”) has successfully completed the development and launch of its campus solar farm project. Covering 12,000 sqm, the solar farm is expected to be
Deal & transactions
Other
Real Estate, Construction & Infrastructure
Northacre collaborates with St. Regis for No. 1 Palace Street
Northacre, a subsidiary of asset management and investment banking platforms Shuaa Capital, has joined forces with St. Regis hotel brand at No 1 Palace Street. The collaboration on the project located opposite Buckingham Palace, is testament
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC awards an AED2b contract for Lower Zakum field gas line
Abu Dhabi National Oil Company (“ADNOC”) has awarded a AED2.01 billion (USD548 million) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi. The Engineering, Procurement and Construction (
Riad & Riad advises the consortium of China Railway Engineering Corporation (“CREC”) and AVIC International Holding Corporation (“AVIC INTL”) as the EPC contractor of the 10th of Ramadan Light Rail Transit (LRT). Measuring 67 kilometers in
Shalakany has successfully defended its clients, the chairperson and foreign corporate board members of an Egyptian automotive manufacturing company (a subsidiary of a multinational corporation), in relation to a compensation claim brought forward by minority
Adsero – Ragy Soliman & Partners assisted Telecom Egypt in signing the commercial agreement with Orange Egypt for national roaming services. The latest deal comes in light of Orange Egypt landing the tender for national roaming
Deal & transactions
Egypt
Healthcare, Pharma & Life Sciences
GSK Group completes demerger of Haleon Group. The advisors
Global healthcare company GlaxoSmithKline Services Unlimited (“GSK Group”) has completed the demerger of its consumer healthcare business to form global consumer healthcare company Haleon Group. The transaction was valued at GBP 55 million (approximately USD 63.8 million).
