From MENA to the WORLD With Suzan Taha In this article, LegalcommunityMENA will be discussing the Unemployment Insurance scheme in the UAE. This program is designed to provide financial support for Emiratis and residents working
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From MENA to the WORLD With Suzan Taha In this week’s article, LegalcommunityMENA will be exploring the recent amendments to the Emiratisation law, commonly known as Nafis. The objective of Nafis is to promote
From MENA to the WORLD With Suzan Taha The UAE’s new labour law, Federal Law No. 33 of 2021 (“New Labour Law”), came into force in 2022 and replaced the previous labour law (Federal Law No. 8 of 1980).&
From MENA to the WORLD With Suzan Taha UAE’s Corporate Tax Law with Marco De Leo 2023 marks the beginning of a new era for businesses and law firms operating in the UAE. With corporate
Fashion, Luxury & Design
IPOs
Saudi Arabia
Alsaif Gallery completes SAR1.2 Bil IPO and listing on Tadawul
The Law Firm of Salman M. Al-Sudairi and Latham & Watkins have advised Al-Saif Stores for Development & Investment Company (“Alsaif Gallery”), which operates in the home appliances and kitchenware retail sector in the Kingdom
Al Tamimi & Company has made six new Partner promotions, taking the Partner count at the firm to 88, across its 17 offices in 10 countries. The new partner appointments underline Al Tamimi & Company’s expertise and
Capital Markets
Deal & transactions
Egypt
TMT
Sharkawy & Sarhan with Vodafone on the acquisition by Vodacom
Sharkawy & Sarhan acted as Egyptian counsel to the Vodafone Group (“Vodafone”) in relation to the transfer of its 55% shareholding in Vodafone Egypt to Vodacom. The spam of the transaction took more than a year.
Dreny & Partners has acted as legal counsel for telecommunication company, Vodacom in its acquisition of a 55% stake in telecom network operator Vodafone Egypt for an equity consideration of circa USD2.738 billion. The
Riad & Riad (“R&R”) has successfully closed a settlement agreement between one of the leading energy companies in the Middle East and a leading state-owned Chinese EPC contractor. The parties had
Banking & Finance
United Arab Emirates
DIB lists $750 mln inaugural sustainable Sukuk on Nasdaq Dubai
Tuesday 06/12/2022 marks the day Dubai Islamic Bank (“DIB”) rang the market-opening bell to celebrate the listing of its inaugural sustainable Sukuk with a value of USD 750 million on Nasdaq Dubai. The Sukuk is the
