Adnoc Drilling Company has signed a Sale and Purchase Agreement (“SPA”) to acquire an additional two premium offshore jack-up drilling units (the “rigs”) for USD140 million to meet Adnoc’s plan to raise and sustain
EKP has announced the merger of Walid Merhej Law Firm into El-Khoury & Partners Legal Counsel (“EKP”), effective September 1, 2022. The joining of the two regionally recognized law firms based in Beirut resulted in the appointment
Valoris Capital, a private equity management company has successfully launched its first private equity fund, Valoris Equity Fund. The Fund was launched with the support and backing of private and public institutional shareholders,
UAE’s national railway network Etihad Rail has entered into four memorandum of understandings (MoUs) with SNCF International, Alstom, Thales Group and Progress Rail at the InnoTrans exhibition in Berlin, Germany. The agreements come as
United Arab Emirates-listed carrier Air Arabia and Sudanese conglomerate DAL Group have partnered to launch a new airline based in Sudan’s Khartoum International Airport. Air Arabia Sudan will be a joint venture
Orient Insurance, part of UAE’s Al-Futtaim Group, has lost a claim case to recover the amount it paid to Emaar Properties for losses resulting from the fire that broke out at the Address Downtown
Expedition Investment consortium (the “Consortium”) has successfully completed the Mandatory Tender Offer (“MTO”) of a minority stake (32.9%) in of Arabian Food Industries Co. (“Domty”). The Consortium acquired 97% of the offered shares (96.2 million shares) at a
The legal team at National Bank of Egypt (“NBE”) has recently been recognised by the Central Bank of Egypt for obtaining ISO certification along with several international and regional awards. A few months back, NBE
The European Bank for Reconstruction and Development (“EBRD”) is supporting the green economy in Egypt with a USD 100 million loan to Banque Misr for on-lending to local small and medium-sized enterprises (
Shalakany Law Office litigation team has successfully defended a major French automotive company against a EGP 3 billion (approx USD 154 m) court claim. The case was heard before the South Cairo Court after being filed
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