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Energy Real Estate, Construction & Infrastructure United Arab Emirates

Aldar invests AED 25m to support energy consumption reduction

suzan.taha@lcpublishinggroup.it 30 September 2022

Aldar Properties (“Aldar”) has committed to investing AED 25 million (approx. USD6.8 mil) for energy retrofit projects in 13 of its residential communities that will reduce utility consumption for owners and tenants as part of the company’s efforts to make its communities more energy efficient and environmentally friendly. Aldar’s latest retrofit project is set to […]

Banking & Finance Egypt News

National Bank of Egypt Legal team recognised by Central Bank

suzan.taha@lcpublishinggroup.it 22 September 2022

The legal team at National Bank of Egypt (“NBE”) has recently been recognised by the Central Bank of Egypt for obtaining ISO certification along with several international and regional awards. A few months back, NBE has successfully obtained the “ISO 9001/2015” certificate in the field of Quality Management of the legal group, granted by the […]

Restructurings Transport United Arab Emirates

Linklaters advises DP World on the restructuring of Portsynergy

suzan.taha@lcpublishinggroup.it 16 September 2022

Linklaters advised DP World, global supply chain solutions provider, on the restructuring of Portsynergy, a 50:50 joint venture owned by Dubai-based DP World and France-based international container operator, Terminal Link, a joint venture between French shipping company CMA CGM and Chinese port operator China Merchants Port Holdings Company Limited. Port Synergy is the holding company for subsidiary […]

Deal & transactions Egypt Transport

Riad & Riad advises on Egypt’s first Light Railway Transit

suzan.taha@lcpublishinggroup.it 6 September 2022

Riad & Riad advises the consortium of China Railway Engineering Corporation (“CREC”) and AVIC International Holding Corporation (“AVIC INTL”) as the EPC contractor of the 10th of Ramadan Light Rail Transit (LRT). Measuring 67 kilometers in length, the USD 1.24 billion project introduces the first Light Railway Transit (LRT) in Egypt. With the maximum speed of 120 km per hour, […]

Deal & transactions Egypt Oil & Gas

Proger to build Belayim Petroleum Company headquarters in Cairo

suzan.taha@lcpublishinggroup.it 29 August 2022

Proger and its Egyptian subsidiary Proger Egypt have signed a contract for the turnkey design and construction of a 63,000 square meters building complex for Belayim Petroleum Company’s (“Petrobel”) headquarters in Cairo. Proger Egypt in partnership with Sky Investment Group, co-shareholder of the company, have secured a multi-tranche and multi-currency medium-term financing of USD 76,5 […]

Deal & transactions Healthcare, Pharma & Life Sciences Other

Pharmaceutical Institute (PHI) completes acquisition by Kelix Bio

suzan.taha@lcpublishinggroup.it 27 July 2022

KELIX bio, a pan-African biopharmaceutical platform, has entered into a binding agreement to acquire Moroccan Pharmaceutical Institute (“PHI”). This investment marks KELIX bio’s first entry into Morocco – an important market in the company’s strategy – at a time when the Kingdom is accelerating the successful rollout of AMO (Assurance Maladie Obligatoire), a far-reaching plan […]

Appointments Banking & Finance United Arab Emirates

Ahmed Zekry appointed as head of legal at Banque Misr

suzan.taha@lcpublishinggroup.it 18 July 2022

Banque Misr has appointed Dubai-based Ahmed Zekry (pictured) as its new head of legal managing international branches. Zekry joined the executive management team and reports to Mr. Khaled El-Bialy, Banque Misr CEO in UAE. Zekry has joined Banque Misr from Emirates Development Bank where he most recently served as head of legal and compliance, a […]

Banking & Finance Banking & Finance United Arab Emirates

Dubai’s FinTech YAP raises USD41m in latest funding round

suzan.taha@lcpublishinggroup.it 7 July 2022

UAE-based fintech YAP, a digital banking platform, has raised USD41 million in a pre-series A funding round to fund its operations and growth. The round was led by Saudi Arabia’s investment company Aljazira Capital, alongside notable investments from Abu Dawood Group, Astra Group, and Audacia Capital. YAP plans to complete its Series A by the […]

Appointments United Arab Emirates

Vinson & Elkins: Nabeel Ikram new head of international disputes

suzan.taha@lcpublishinggroup.it 1 July 2022

Vinson & Elkins has appointed partner Nabeel Ikram (pictured) as the head of international disputes for MENA region. Ikram’s area of practise focuses on engineering and construction dispute resolution. He has two decades of experience advising clients on contentious engineering and construction matters. He is vastly experienced in arbitration under a variety of rules, including […]

Deal & transactions Other Uncategorized

ASAR with Sama Educational Co in its acquisition of Kuwait

suzan.taha@lcpublishinggroup.it 24 June 2022

Sama Educational Company, the education management company based out of Kuwait, has completed the acquisition of Kuwait English School (KES). Established in 1978, the Kuwait English School caters for students aged 3-19 including children with special needs. The advisors ASAR – Al Ruwayeh & Partners acts as legal counsel to SAMA Educational company in the […]

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