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 Maersk to expand distribution capacity in new Dubai South complex  
Deal & transactions Transport United Arab Emirates

Maersk to expand distribution capacity in new Dubai South complex  

suzan.taha@lcpublishinggroup.it 12 September 2022

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

 Bank Albilad’s Enjaz Payment Services Company now incorporated
Banking & Finance Corporate Saudi Arabia

Bank Albilad’s Enjaz Payment Services Company now incorporated

suzan.taha@lcpublishinggroup.it 9 September 2022

Bank Albilad, a Saudi joint stock company, headquartered in Riyadh, has successfully carve out of its remittance business, Enjaz, into a new payment services company.  The new company has been licensed by the Saudi

 Beeah Digital and Khazna Data Centers join forces on JV
Deal & transactions TMT United Arab Emirates

Beeah Digital and Khazna Data Centers join forces on JV

suzan.taha@lcpublishinggroup.it 9 September 2022

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

 MBH: CIB acquires stake in El Sewedy for Engineering Industries  
Capital Markets Egypt Industrial

MBH: CIB acquires stake in El Sewedy for Engineering Industries  

suzan.taha@lcpublishinggroup.it 9 September 2022

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

 Dentons advises Tabreed on the sale of its 44% stake in Qatar Cool
Capital Markets Energy & Trading Qatar United Arab Emirates

Dentons advises Tabreed on the sale of its 44% stake

suzan.taha@lcpublishinggroup.it 8 September 2022

National Central Cooling Company (“Tabreed”) has disposed of a 44% stake, valued at AED417 million (USD113.5 million), in Qatar District Cooling Company (“Qatar Cool”) to United Development Company. The proceeds of the transaction will be used

 Clyde & Co represents ABNIC in oil tanker disappearance claim
Oil & Gas Private Clients United Arab Emirates

Clyde & Co represents ABNIC in oil tanker disappearance claim

suzan.taha@lcpublishinggroup.it 8 September 2022

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

 Trowers & Hamlins: RCSI Bahrain launches new solar farm project
Healthcare, Pharma & Life Sciences News Other

Trowers & Hamlins: RCSI Bahrain launches new solar farm project

suzan.taha@lcpublishinggroup.it 8 September 2022

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

 Northacre collaborates with St. Regis for No. 1 Palace Street
Deal & transactions Other Real Estate, Construction & Infrastructure

Northacre collaborates with St. Regis for No. 1 Palace Street

suzan.taha@lcpublishinggroup.it 8 September 2022

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

 First Abu Dhabi Bank enters into a partnership with Silver Birch 
Banking & Finance Deal & transactions United Arab Emirates

First Abu Dhabi Bank enters into a partnership with Silver

suzan.taha@lcpublishinggroup.it 6 September 2022

First Abu Dhabi Bank (“FAB”) has signed a partnership agreement with Silver Birch Finance Limited (“Silver Birch”) to offer inventory solutions to local and international clients.  This partnership enables FAB and Silver Birch

 ADNOC awards an AED2b contract for Lower Zakum field gas line
Deal & transactions Oil & Gas United Arab Emirates

ADNOC awards an AED2b contract for Lower Zakum field gas line

suzan.taha@lcpublishinggroup.it 6 September 2022

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 (

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legalcommunitymena.com

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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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