Qatar Investment Authority (QIA) is gearing up to introduce Qatar’s inaugural venture capital (VC) Fund of Funds, a groundbreaking initiative designed to propel innovation within the country. With an ambitious investment exceeding USD 1 billion,
Parkin Company, the leading provider of paid parking facilities and services in Dubai, has revealed plans to embark on an initial public offering (IPO) and subsequently list its ordinary shares (Shares) on the Dubai Financial
With Senior EVP, Group General Counsel, Marouf Mohamed Shweikeh (pictured), at the helm of its legal department, Mashreq, a prominent financial institution in the MENA region, has recently concluded a significant transaction by finalizing a
Appointments
Egypt
United Arab Emirates
Updates
New branch of Khodeir & Partners inaugurated in the UAE
Khodeir & Partners (KP) has announced its expansion into the United Arab Emirates (UAE) with the establishment of a fully licensed office under the name Khodeir & Partners. To spearhead this new venture, Ammar El
ADNOC Distribution, the UAE’s leading fuel and convenience retailer, unveiled its ambitious future plans at its Investor Day today. Building on strong financial performance, including achieving a $1 billion EBITDA in 2023, the company outlined its
The European Bank for Reconstruction and Development (EBRD) and Banque du Caire (BDC), one of Egypt’s most prominent banks, have inked a new partnership to enhance support for micro, small, and medium-sized enterprises (MSMEs)
First Abu Dhabi Bank (FAB) has launched MENASSA (MENA Securities Services for Asset Managers), a groundbreaking post-trade platform tailored for MENA-based asset managers. With Nimer Basbous, Group General Counsel (pictured), heading the legal department, MENASSA
In a strategic move to bolster its presence in the Middle East, international law firm, Baker Botts has welcomed Alexander Hendry (pictured) as a partner in the Corporate Department at its Dubai office. Hendry brings
Capital Markets
Services
United Arab Emirates
Multiply Group Bolsters Portfolio with BackLite Media Acquisition
Abu Dhabi-based holding company Multiply Group has made a significant move in the Out-of-Home (OOH) advertising sector by acquiring 100% of BackLite Media, a prominent Digital Out-of-Home (DOOH) advertising company in the United Arab Emirates (UAE).
Deal & transactions
Education
Egypt
Industrial
Oil & Gas
Egypt Boosts Skill Development with New Technical Schools
The Egyptian Ministry of Petroleum and Mineral Resources, in collaboration with Eni and local entities, signed significant cooperation agreements to establish new Applied Technical Schools in Damietta and Marsa Matrouh governorates. These schools, operated
