The Public Investment Fund (PIF) and Saudi Telecommunications Company (STC Group) have signed definitive agreements to form the region’s largest telecom tower company. PIF will acquire a 51% stake in Telecommunication Towers Company Limited (TAWAL) from STC Group, making TAWAL and Golden Lattice Investment Company (GLIC) a new merged entity. TAWAL, the largest telecommunications infrastructure […]
Microsoft Injects $1.5 Billion into G42 for AI Advancement
G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion. This strategic collaboration aims to bring Microsoft’s
Commercial Bank International (CBI), a prominent corporate and retail bank based in Dubai, has announced a strategic investment in zypl.ai, a fintech startup at the forefront of applying generative AI in lending practices. This
Beeah, a leader in sustainability solutions, announces the development of an “AI Executive.” This groundbreaking initiative underscores Beeah’s commitment to driving agility, efficiency, and data-driven operations. The “AI Executive” is poised to simplify complex
FAB & Microsoft Join Forces for Next-Gen Financial Services
First Abu Dhabi Bank (FAB) and Microsoft have unveiled a strategic partnership aimed at developing cutting-edge AI-based banking capabilities. The collaboration, formalized through a partnership agreement signed today, marks the convergence of the UAE’s
Al Nowaisser & Al Suwaylimi Attorneys and Counselors at Law (NSAC) acted as legal counsel for Alaa Saeed, Co-Founder of Array Innovation (Array), in the signing of a significant launch agreement with Bahrain Mumtalakat Holding
Sarie Eldin & Partners Legal Advisors successfully represented Ace Links Company in obtaining a golden license from the General Authority for Free Investment (GAFI). The golden license, a comprehensive business permit granted by the Egyptian
Trowers Advises Core42 On Securing Strategic Loan Facility
International law firm Trowers & Hamlins has acted as the English and UAE counsel to Injazat Data Systems in relation to a secured term loan facility availed from Abu Dhabi Commercial Bank. Injazat, now
As of March 2024, Andrea Appella (pictured) has assumed the role of Associate General Counsel EMEA at OpenAI, the company founded by Elon Musk to develop artificial intelligence technologies, including ChatGPT. This new position marks a
Trowers Facilitates Backlite Media Sale to Multiply Group
International law firm Trowers & Hamlins has advised on the 100% sale of Backlite Media, the out-of-home advertising company headquartered in the UAE, to Multiply Group, the Abu-Dhabi based holding company that invests in transformative organisations.