Asafo & Co. advised 54 Capital on its USD21 million growth capital investment, alongside Norfund, in Ethiopian fast-moving consumer goods (FMCG) platform SAMANU. 54 Capital managed a consortium of private investors and worked alongside Norfund in this investment, which is expected to increase the local production of edible oil, create jobs and reduce dependency on […]
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Global law firm Norton Rose Fulbright advised Zain Group in respect of Zain Iraq’s entry into a definite 15-year agreement to sell and leaseback the passive physical infrastructure of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million. Zain Iraq will retain its active infrastructure, including wireless communication radios, antennas, intelligent […]
Deal & transactions
TMT
United Arab Emirates
Matouk Bassiouny UAE: Beyon Cyber acquires into DTS Solution
DTS Solution (“DTS”) has signed an agreement for the sale of a majority stake to Beyon Cyber (“BC”), part of the Beyon Group, a cybersecurity provider in Bahrain. Established in 2011, DTS Solution is a regional cyber security advisory, consulting and engineering firm headquartered in Dubai, UAE. The company offers various advanced services and solutions […]
Meysan Partners’ Cairo office recently witnessed a team expansion with the joining of Dispute Resolution partner Tarek Badawy (pictured) and his Egypt-based team members senior associates Salma Abdelaziz and Ismail Lamie and paralegal Shereen Botros. Tarek Badawy, a member of the Egyptian Bar Association and a licensed Barrister and Solicitor of the Court of Appeal […]
Global law firm Clyde & Co has hired corporate and M&A lawyer Mohamed Barakat (pictured) as a partner in the Middle East and Africa (“MEA”) region and its global corporate & advisory practice. With more than 17 years of experience working in the United States and the Middle East, Barakat has a deep understanding of […]
Global law firm Norton Rose Fulbright has appointed Scott Atkins (pictured), the firm’s Australia chair, as the firm’s global chair effective January 1, 2023. In this leadership role, Atkins will help to drive the execution and achievement of the global firm’s strategy and efforts to maintain consistently excellent client service around the world. The firm’s […]
Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC signs contracts worth AED1bn with four catering companies
Abu Dhabi National Oil Company (“ADNOC”) has signed agreements worth over AED 1 billion (USD270 mln) with four Abu Dhabi companies to provide food catering services to all ADNOC Group companies from 2022 to 2027. The contracts were signed with Royal Catering, Apex National Catering, National Corporation for Tourism & Hotels (NCT&H) and Sodexo Kelvin. […]
Banking & Finance
Deal & transactions
Other
Ahli United Bank acquires Citi’s Bahrain consumer banking business
Baker McKenzie has advised Bahrain-based Ahli United Bank (“AUB”) on its acquisition of Citi’s consumer banking business in Bahrain. The transaction, which signed earlier this year and received regulatory approval from the Central Bank of Bahrain, includes the retail banking, credit card and unsecured lending businesses of Citi throughout Bahrain. Citi’s consumer banking employees have […]
At the Principe di Savoia Hotel in Milan, the Foodcommunity Awards 2022 honoured chefs, formats, concepts, restaurants and brands in the food & beverage sector that have distinguished themselves over the past year for business growth. The event, in its sixth edition, is the result of a process of analysis of news and research carried […]
News
Other
Real Estate, Construction & Infrastructure
ASAR advises on Mandarin Oriental, Kuwait luxury hotel project
ASAR acted as Kuwait legal counsel to Bukhamseen Group Holding (“BGH”) in relation to the development of BGH’s new luxury hotel project in Kuwait, to be known as “Mandarin Oriental, Kuwait”. The Mandarin Oriental, Kuwait will be managed by the Mandarin Oriental Hotel Group, owner and operator of some of the most luxurious hotels, resorts […]
