White & Case has promoted 26 lawyers to local partner and 14 lawyers to counsel. Six of the promoted local partners are based in Dubai and Riyadh. “Our local partner and counsel promotions span ten global practices
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Deal & transactions
Egypt
Energy & Trading
MBH with TSFE on Egypt’s Green Energy Framework Agreements
Matouk Bassiouny & Hennawy (“MBH”) acted as the Egyptian legal counsel to the TSFE Infrastructure & Utilities Sub Fund (“TSFE”) in connection with the negotiation of framework agreements entered into separately with 9 developers to develop
Deal & transactions
Industrial
Other
Caterpillar West Africa distribution transfered to Jean-Luc Konan
Delmas Investissements et Participations (“DIP”) and the Delmas family have signed a transfer agreement for their Caterpillar dealership activity to a consortium conducted by Ivorian entrepreneur Jean-Luc Konan. Included in the sales is JA Delmas
The first NFT by a law firm in the Middle East and North Africa (MENA) has been launched by Al Tamimi & Co. The collection, titled NFTamimi, provides a unique perspective of the region’s
Legal advisors, Abdulaziz Alajlan & Partners alongside Baker McKenzie, London, have acted for the underwriters on Arabian Drilling Company’s (“Arabian Drilling”) initial public offering at SAR 100 per share on the Saudi Stock Exchange (Tadawul)
Deal & transactions
Energy & Trading
Qatar
QatarEnergy to construct integrated polymers facility in Texas
QatarEnergy has entered into an agreement with Chevron Phillips Chemical Company to jointly develop an USD8.5 billion integrated polymers facility in Orange, Texas. The companies have made a positive final investment decision on the project
Banking & Finance
Deal & transactions
United Arab Emirates
Abu Dhabi Global Market signs MoU with Abu Dhabi Islamic
Abu Dhabi Islamic Bank (“ADIB”) signed a Memorandum of Understanding (“MoU”) with Abu Dhabi Global Market (“ADGM”), the international financial centre of the UAE capital, collaborating to support the growth needs of the financial community
Capital Markets
Real Estate, Construction & Infrastructure
United Arab Emirates
Dentons with Arada Developments on its USD100 million sukuk tap issuance
Arada Developments (“Arada”), the property developer in the Northern Emirates of the United Arab Emirates, has successfully closed a $100 million tap of its existing $350 million Sukuk, which was issued in June and listed on
Deal & transactions
Energy & Trading
United Arab Emirates
Majid AlFuttaim committed to enhancing plastic pollution awareness
The 27th Conference of the Parties (“COP27”), currently being held in Egypt, witnessed the signing of a Memorandum of Understanding (“MoU”) between Majid Al Futtaim Holding Company, the UAE Ministry of
Deal & transactions
Transport
United Arab Emirates
Global Feeder Shipping sells majority stake to Abu Dhabi Ports
Dubai-based Global Feeder Shipping (“GFS”), a feeder and container shipping provider, has signed an agreement to sell 80% of their stake in GFS to Abu Dhabi Ports Group (“ADP”), a UAE-listed end-to-end logistics business.&
