The Foreign Law License granted to Latham & Watkins by the Saudi Ministry of Justice marks a significant milestone in the firm’s long-standing relationship with Saudi Arabia. With the license in hand, Latham will
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Deal & transactions
Oil & Gas
United Arab Emirates
ADNOC and ENI strengthen cooperation in sustainability sectors
In a bid to accelerate the transition to a low-carbon future, UAE’s Abu Dhabi National Oil Company (‘ADNOC’) and Italian oil & gas group, ENI, have signed a Memorandum of Understanding (‘MoU’)
ADNOC Gas, the Abu Dhabi state-owned energy company, has set the final offer price for its initial public offering (‘IPO’) at AED2.37 per share, placing the market capitalization of the company at USD50 billion,
Matouk Bassiouny & Hennawy (“MBH”) has successfully represented a sovereign state (the “State”) in setting aside a CRCICA arbitral award worth nearly USD 1.5 billion before the Cairo Court of Appeal. This arbitral award was rendered
Deal & transactions
Oil & Gas
United Arab Emirates
DLA Piper: Uniper sells marine fuel trading business in Dubai
DLA Piper provided legal advice to Uniper Group regarding the sale of its crude oil processing and marine fuel trading business in the United Arab Emirates. A consortium composed of Montfort Group and the Private
Abdeen&Co, one of Sudan’s premier legal firms, and 249Startups, a Startup Accelerator & early-Stage VC, have teamed up to launch a new legal firm, with a singular focus on providing specialized legal
Deal & transactions
Egypt
Energy & Trading
Mazghouny & Co: Scatec signs agreement with Echem and Mopco
Mazghouny & Co has assisted Scatec with signing the joint development agreement concluded with the Egyptian Petrochemicals Holding Company (Echem) and Misr Fertilizers Production Company (Mopco) for cooperation in the field of implementing green projects
International law firm Clifford Chance has recently advised the Government of the Emirate of Sharjah on its historic sustainable bond issuance, marking the first time a GCC sovereign has issued such a bond. The Sharjah
Egypt has made history by issuing its first-ever sovereign Islamic sukuk, and it has proven to be a resounding success. The issuance was oversubscribed by more than 4 times, with subscriptions amounting to USD6.1 billion for
Abu Dhabi National Oil Company for Distribution (“ADNOC Distribution”), the UAE’s largest fuel and retail distributor, has officially entered the Egyptian market after completing the acquisition of a 50% stake in TotalEnergies Marketing Egypt&
