Allen & Overy (A&O) and Shearman & Sterling (Shearman) have appointed David Foster (pictured) as the regional managing partner for the Middle East, Turkey, and Africa for the combined firm A&O
Deal & transactions
Industrial
United Arab Emirates
Masdar, EGA Join Forces for Low-Carbon Aluminium Solutions
Abu Dhabi Future Energy Company (Masdar) and Emirates Global Aluminium (EGA) have embarked on a strategic partnership aimed at advancing aluminium decarbonisation efforts and exploring avenues for low-carbon growth. The collaboration, solidified with the
Deal & transactions
Services
United Arab Emirates
ADNEC and Tadweer Forge Sustainable Waste Partnership
ADNEC Group has entered into a Memorandum of Understanding (MoU) with Tadweer Group, marking a significant step towards bolstering collaboration in waste management and sustainability initiatives. The MoU encompasses a broad spectrum of activities aimed
International law firm White & Case has provided legal counsel to a consortium of lenders led by the International Finance Corporation (IFC) in arranging a substantial US$1.25 billion financing package for Nigeria-based Indorama Eleme Fertilizer
Corporate
Deal & transactions
Egypt
Opinions
Saudi Arabia
United Arab Emirates
PwC Report: Diversification Fuels 2024 M&A Boom in Middle East
The winds of change are blowing across the business landscape of the Middle East. With a focus on economic diversification and a growing embrace of clean energy and technology, the region is poised for a
Capital Markets
Egypt
Real Estate, Construction & Infrastructure
Updates
MBH Advises on Rixos Premium Alamein Hotel Agreement
Matouk Bassiouny & Hennawy (MBH) has successfully acted as the legal counsel for the owning company in negotiating and concluding the management agreement with Rixos, a part of Accor’s portfolio, one of the world’
International law firm Freshfields Bruckhaus Deringer (‘Freshfields’) is set to bolster its team with the addition of 23 new partners effective from May 1, 2024. The newly appointed partners represent all five practice groups and regions, underscoring Freshfields’
International law firm, Dentons has announced the elevation of 12 new partners in the UK, Ireland, and Middle East (UKIME), effective from May 1, 2024. This announcement follows the recruitment of nine additional partners across Dentons’ offices in
Banking & Finance
Capital Markets
Egypt
Industrial
Ip
Qalaa Holdings declares debt resolutions and restructuring plans
Qalaa Holdings has successfully negotiated a debt resolution valued at EGP 4.5bn with a consortium of four banks: Banque du Caire, Banque Misr, Arab African International Bank, and Al Ahli Bank of Kuwait. The settlement
Capital Markets
Healthcare, Pharma & Life Sciences
Other
Farj Capital Consortium Secures Majority Stake in Aster DM
ASAR – Al Ruwayeh & Partners acted as local legal counsel alongside Allen & Overy as lead counsel, in facilitating the acquisition of a 65% stake in Aster DM Healthcare FZC, the holding company overseeing Aster DM
