Spinneys Holding (‘Spinneys’ or ‘the company’) has revealed its intention to launch an initial public offering (IPO) and list its ordinary shares on the Dubai Financial Market (DFM). The company disclosed that it
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Banking & Finance
TMT
United Arab Emirates
Microsoft Injects $1.5 Billion into G42 for AI Advancement
G42, a UAE-based AI technology holding company, has secured a substantial $1.5 billion investment from Microsoft, in a move set to accelerate AI development and global expansion. This strategic collaboration aims to bring Microsoft’s
Deal & transactions
Transport
United Arab Emirates
Mubadala’s Sanad Extends Partnership with Asiana Airlines
Sanad, a global aerospace engineering and leasing solutions provider under Abu Dhabi’s Mubadala Investment Company (Mubadala), has strengthened its collaboration with Asiana Airlines, South Korea’s second-largest airline, through a five-year contract extension valued
Healthcare, Pharma & Life Sciences
Other
Restructurings
Freshfields Guides 3M Through Solventum Spin-Off
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has provided legal counsel to the US-based technology conglomerate 3M in its spin-off of the healthcare division, now known as Solventum, which is listed on the New York
Deal & transactions
Education
Energy & Trading
United Arab Emirates
NYUAD and Dolphin Energy Forge Partnership for Sustainability
Dolphin Energy and New York University Abu Dhabi (NYUAD) have forged a groundbreaking agreement, in a bid to bolster sustainability and climate change research. This partnership aims to elevate environmental stewardship and empower
Sharkawy & Sarhan Law Firm announced their involvement in financing the Kom Ombo solar power project, which recently won the IJGlobal Global’s award for “Energy Transition Deal of the Year.” The project is a
Deal & transactions
Oil & Gas
Saudi Arabia
Aramco Awards $7.7B Contracts for Fadhili Gas Plant Growth
Saudi Arabia’s Aramco, one of the world’s leading integrated energy and chemicals companies, has awarded engineering, procurement, and construction (EPC) contracts totalling $7.7 billion for the expansion of its Fadhili Gas Plant in the
Lunate, a prominent global alternative investment manager, has acquired a 40% stake in ADNOC Oil Pipelines (“AOP”) from institutional investors BlackRock and KKR. This acquisition signifies a major investment for Lunate in energy infrastructure and further
Corporate
Healthcare, Pharma & Life Sciences
United Arab Emirates
ADQ Launches Arcera: Driving Healthcare Evolution
ADQ, the prominent Abu Dhabi-based investment and holding company, has introduced Arcera, a new global holding company headquartered in Abu Dhabi, UAE, dedicated to the life sciences sector. Arcera aims to pioneer advancements in healthcare,
In a significant development in the energy sector, the Oil & Gas team at Sharkawy & Sarhan has successfully served as the Egyptian legal counsel in the sale of the Neptune Energy Group to Eni
