Maersk Kanoo UAE (“Maersk”), the global integrated logistics company, signed an agreement with Dubai South, a single-urban master development focusing on aviation, logistics and real estate, for its new warehousing and distribution facility in Dubai. With this new fulfilment centre, Maersk will more than double its total footprint in the UAE. The 15,000 sq. m. Maersk […]
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
French container transportation and shipping company CMA CGM Group via its subsidiary CMA Terminals Holding has signed a definitive terminal service agreement and a terminal operating agreement for Alexandria’s Port’s Trans Misr
Deal & transactions
Transport
United Arab Emirates
Zakher Marine International successfully acquired by ADNOC L&S
Zakher Marine International (“ZMI”), an Abu Dhabi-based owner and operator of offshore support vessels, has been acquired by ADNOC Logistics & Services (“ADNOC L&S”), the shipping and maritime logistics arm of Abu Dhabi
Deal & transactions
Transport
United Arab Emirates
Emirates and Air Canada enter into a strategic partnership agreement
Emirates has formed a strategic partnership with Air Canada, Canada’s flag carrier and a founding member of Star Alliance. The agreement will create more options for customers when travelling on the carriers’ networks while
Italian luxury sports car manufacturer, Ferrari, in collaboration with Egyptian Automotive Importer Ezz Elarab Group, launched its official service center and authorized showroom in Egypt. The new partnership with Ferrari was celebrated with a grand
Deal & transactions
Transport
United Arab Emirates
Etihad Rail’s AED1.2bn agreement with Spain’s CAF Group
Etihad Rail, the developer and operator of the UAE national railway network, has signed a AED1.2 billion (USD327 million) agreement with CAF Group, a Spanish rail manufacturer, for designing, manufacturing, supplying, and maintaining passenger trains
Deal & transactions
TMT
Transport
United Arab Emirates
Careem expands services with the acquisition of UAE company Munch:On
Ride-hailing company Careem has acquired UAE subscription-based food delivery company Munch:On as it expands food offerings on its multi-services platform. Following the acquisition, Munch:On will stop daily operations and its services
Banking & Finance
Transport
United Arab Emirates
Abu Dhabi’s IHC and Alpha Dhabi to invest USD50m in
Abu Dhabi-listed companies International Holding Company (IHC) and its subsidiary Alpha Dhabi will invest a combined amount of USD50 million in Space Exploration Technologies Corporation (SpaceX). IHC, which already has a stake
