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 Orient Insurance fails to reclaim $340m for Address Downtown fire
Insurance News United Arab Emirates

Orient Insurance fails to reclaim $340m for Address Downtown fire

suzan.taha@lcpublishinggroup.it 22 September 2022

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 Investments consortium completes acquisition into Domty
Deal & transactions Egypt Food & Beverage

Expedition Investments consortium completes acquisition into Domty

suzan.taha@lcpublishinggroup.it 22 September 2022

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

 National Bank of Egypt Legal team recognised by Central Bank of Egypt
Banking & Finance Egypt News

National Bank of Egypt Legal team recognised by Central Bank

suzan.taha@lcpublishinggroup.it 22 September 2022

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

 EBRD promotes Egypt’s green economy with a loan to Banque Misr   
Banking & Finance Egypt

EBRD promotes Egypt’s green economy with a loan to Banque

suzan.taha@lcpublishinggroup.it 20 September 2022

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 secures favourable judgement for client in Cairo Court 
Egypt Private Clients Transport

Shalakany secures favourable judgement for client in Cairo Court 

suzan.taha@lcpublishinggroup.it 20 September 2022

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

 TAQA acquires Al Mansoori Petroleum Services. The advisors 
Deal & transactions Oil & Gas Saudi Arabia United Arab Emirates

TAQA acquires Al Mansoori Petroleum Services. The advisors 

suzan.taha@lcpublishinggroup.it 20 September 2022

Industrialization and Energy Services Company (“TAQA”) and the shareholders of Al Mansoori Petroleum Services LLC (“AMPS”) have announced today that they have entered into a definitive agreement for TAQA to acquire 100% of AMPS, expanding TAQA’

 Jeffrey Greene joins EKP Legal Counsel’s Riyadh Office 
Appointments News Saudi Arabia

Jeffrey Greene joins EKP Legal Counsel’s Riyadh Office 

suzan.taha@lcpublishinggroup.it 19 September 2022

EKP’s associated office in Riyadh, Khulaif AlEnezee Legal Counsel Company (“Al-Enezee”), has appointed Jeffrey Greene as a new partner to the firm’s corporate practice group, effective 1 September 2022.  Greene is a seasoned transactional lawyer

 Elsewedy Electric secures contracts valued at USD113 m in Toshka  
Deal & transactions Egypt Energy & Trading

Elsewedy Electric secures contracts valued at USD113 m in Toshka

suzan.taha@lcpublishinggroup.it 19 September 2022

Elsewedy Electric for Trading and Distribution, a subsidiary of Elsewedy Electric, has signed three contracts worth EGP 2.2 billion (approx USD 113.3 million) to establish transformer stations in the South Valley Development project which aims to reclaim 375,000

 Baker McKenzie parts ways with Emirati law firm Habib Al Mulla 
News United Arab Emirates

Baker McKenzie parts ways with Emirati law firm Habib Al

suzan.taha@lcpublishinggroup.it 19 September 2022

International law firm Baker McKenzie will cut ties with UAE based law firm following controversial remarks made on social media by the Firm’s principal, Habib Al Mulla.  In a statement on Baker McKenzie’

 Misr Italia Properties invests USD 77m in launch of Vinci Lagoons  
Egypt News Real Estate, Construction & Infrastructure

Misr Italia Properties invests USD 77m in launch of Vinci Lagoons

suzan.taha@lcpublishinggroup.it 19 September 2022

Egyptian real estate developer, Misr Italia Properties, the real estate subsidiary of Misr Italia Holding, has launched the new phase of Vinci project with an investment of EGP1.50 billion (USD77.3 million).   The

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In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

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