Shalakany has successfully negotiated and closed off a settlement deal, on behalf of its Kazakhstani foreign investor client, with the opposing party in relation to the client’s investment in the Egyptian FinTech sector.&
Deal & transactions
Egypt
Saudi Arabia
TMT
Egypt’s Benya enters into a cooperation agreement With Saudi’s Alfanar
Benya Group, the digital solutions and ICT infrastructure provider in Egypt and MEA region signed a cooperation agreement with alfanar company, specialists in the electrical and construction industries in the Middle East and
Banking & Finance
Deal & transactions
Egypt
Saudi Arabia
Baker McKenzie: EFG Hermes and valU in two transactions in
Baker McKenzie has advised EFG Hermes and its buy-now-pay-later (BNPL) fintech platform, valU for consumer finance (valU), on two planned strategic ttransactions. The first of which is the acquisition by valU of a stake
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
Banking & Finance
TMT
United Arab Emirates
PwC Middle East invests in AWS Premier Consulting Partners Zero&One
PwC Middle East enters into a strategic investment in Zero&One, Amazon Web Services (AWS) Premier Consulting Partners in the region. Zero&One supports clients’ growth through delivering AWS services
Appointments
Other
Uncategorized
Sarah Parkes named global head of dispute resolution at Freshfields
Freshfields Bruckhaus Deringer (‘Freshfields’) has appointed partner Sarah Parkes (pictured) as its global head of dispute resolution, effective 8 July. She will succeed Andy Hart who will return to focusing on his practice at the firm.
DLA Piper enters into a new partnership with the UN Refugee Agency (UNHCR) that will see the two organisations working collaboratively to develop innovative responses to the global refugee crisis, enhance refugee integration and advocate
Deal & transactions
Insurance
United Arab Emirates
Daman and Emirates NBD launch new ‘Early Payment Scheme’
Emirates NBD, a banking group in the Middle East, North Africa and Turkey (MENAT) region and the National Health Insurance Company – Daman, have launched a new financing initiative providing an ‘Early Payment Scheme’ to Daman’
Deal & transactions
Transport
United Arab Emirates
EQT Private Equity and Mubadala to acquire Envirotainer
The EQT X fund and Mubadala Investment Company, have entered into an agreement to acquire Envirotainer, the global provider of mission-critical, proprietary temperature-controlled supply chain solutions for the transportation of biopharmaceuticals, from Cinven and Novo
Banking & Finance
Qatar
Real Estate, Construction & Infrastructure
Qatari Diar secures green loan for Chelsea Barracks development
Qatari Diar Real Estate Company, an establishment of Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, has secured GBP400 million (USD 491,880,000) in green loan financing for their London based development Chelsea
