Saudi Arabia’s low-cost airline, Flynas, has announced its intention to list shares on the Tadawul stock exchange this year. This move aligns with Saudi Arabia’s broader ambitions to expand its aviation sector and
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Freshfields Bruckhaus Deringer (‘Freshfields’) has unveiled the promotion of 40 new counsel, effective from 1 May 2024. Spanning various regions and practice groups, the newly appointed counsels embody Freshfields’ dedication to fostering a diverse and skilled workforce. Their
International law firm Simmons & Simmons has unveiled its roster of partner promotions for 2024, comprising 11 lawyers from six countries spanning the UK, Europe, and the Middle East. The promotions are set to take effect on
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
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
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
Sharkawy & Sarhan, has announced the promotion of four of its rising stars. Nesma Abdelbary, Youmna Fahmy, and Menna Abouzekry who have been elevated to pivotal positions within the legal team, while Mariam Ahmed has
Commercial Bank International (CBI), a prominent corporate and retail bank based in Dubai, has announced a strategic investment in zypl.ai, a fintech startup at the forefront of applying generative AI in lending practices. This
Innovating Trade Finance: RAKBANK and DP World Collaborate
UAE based financial establishment, RAKBANK has entered into a strategic partnership with DP World, a global leader in logistics and trade solutions. This collaboration aims to provide businesses of all sizes with innovative and cost-effective
FAB & Microsoft Join Forces for Next-Gen Financial Services
First Abu Dhabi Bank (FAB) and Microsoft have unveiled a strategic partnership aimed at developing cutting-edge AI-based banking capabilities. The collaboration, formalized through a partnership agreement signed today, marks the convergence of the UAE’s