Tags : cn1

Deal & transactions Egypt Energy & Trading

Beeah and Green Planet to advance waste management in Egypt

Beeah Group, the Middle East’s sustainability pioneer, and Green Planet, Egypt’s emerging sustainable environmental services company, have formed a partnership to deliver a landmark ten-year contract in Sharm el-Sheikh, Egypt.  Beeah Group and Green Planet will implement future-ready waste management strategies that align with Egypt’s sustainability agenda. The companies will also carry out on-ground activities […]

Deal & transactions Egypt Food & Beverage

ZH&P on the Gov. of Egypt’s concession for Strategic Warehouses

Hassan Allam Utilities, Orascom, and Samcrete have signed an agreement with the Internal Trade Development Authority (“ITDA”) for the financing, design, construction, operation and maintenance of the strategic warehouses for primary products in the governorates of Sharkia, Suez, Luxor, and Fayoum.  This strategic warehouse is part of the first phase of a larger program that will […]

Deal & transactions Transport United Arab Emirates

Safeen Feeders & Invictus Investment launch new dry bulk services

 AD Ports Group’s Safeen Feeders has signed a strategic agreement with Invictus Investment to launch a new international dry bulk shipping service.  Under the terms of the agreement, the two companies will purchase ships through Special Purpose Vehicles, owned 85% by Safeen Feeders and 15% by Invictus Investment.   In addition, Safeen Feeders and Invictus Investment […]

Banking & Finance Banking & Finance Egypt

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

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 (SMEs).  The loan follows the success of the Green Economy Financing Facility (“GEFF”) in Egypt and will further support an expansion of green lending in Egypt to under-served regions […]

Deal & transactions Oil & Gas Other

Eni expands presence in Algeria with the acquisition of BP’s

Integrated energy company, Eni has successfully completed the acquisition of BP’s two gas-producing concessions “in Amenas” and “in Salah” jointly operated with Sonatrach and Equinor. This acquisition has an important strategic value and contributes to Europe’s gas needs whilst strengthening Eni’s presence in Algeria.  Eni was advised by ADNA and Pinsent Masons on this acquisition.  The ADNA […]

Banking & Finance Corporate Saudi Arabia

Bank Albilad’s Enjaz Payment Services Company now incorporated

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 Central Bank (“SAMA”) as a major electronic money institution (EMI) under its Payment Service Provider Regulations.  The payments and remittances activities, […]

Banking & Finance Deal & transactions United Arab Emirates

First Abu Dhabi Bank enters into a partnership with Silver

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 to offer various inventory solutions to suit the specific client needs.  Headquartered in the UK, Silver Birch is a specialist working capital structuring, […]

Deal & transactions Industrial Saudi Arabia

MAZ Group and Rheinmetall Air Defense create Rad Arabia Co.

The Law Office of Looaye M. Al-Akkas in association with Vinson & Elkins has represented Saudi-based MAZ Group in its Joint Venture with Swiss-based Rheinmetall Defense to create Rad Arabia Co., a manufacturing and development center of air defense systems and technologies in the Kingdom of Saudi Arabia (KSA).   RAD Arabia Co. will be a […]

Banking & Finance News Other

Banque Misr receives ISO certification for legal quality management 

Banque Misr’s Legal Department has received the certificate of ISO 9001:2015 for legal quality management.   The certificate was awarded by TUV Southwest, which is recognized by the Egyptian Organization for Standards and Quality and specialized in testing, inspection and auditing. The certificate is given after the awarding entity inspects and confirms that all the […]

Banking & Finance Egypt News

NBE obtains ISO certification in quality management of the legal

The National Bank of Egypt (“NBE”), one of the most prominent banks in Egypt, Africa and the Middle East, successfully obtained the “ISO 9001/2015” certificate in the field of Quality Management of the legal group, granted by the British Standards Institution (“BSI”) accredited by UKAS The International Accreditation Body in the United Kingdom. The certificate […]