Global law firm Baker McKenzie has appointed five new partners in the MENA Region. Dispute resolution partners Amir Alkhaja (UAE) and Sally Kotb (UAE), IP & technology partner Kellie Blyth (UAE), banking & finance partner
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e& enterprise, part of e& (formerly known as Etisalat Group), and Hub71, Abu Dhabi’s global tech ecosystem, have entered into a definitive agreement to launch the region’s first AI Centre of
Banking & Finance
Egypt
Energy & Trading
Elsewedy Electric secures USD150m investment for operations’ expansion
Elsewedy Electric, Egyptian global providers of energy, digital, and infrastructure solutions, has secured a USD150 million loan from the International Finance Corporation (“IFC”), a member of the World Bank Group. IFC’s USD150 million investment,
Deal & transactions
Egypt
Energy & Trading
Siemens Energy with Egyptian Electricity Transmission Co in a EGP37m
Siemens Energy and Egyptian Electricity Transmission Company have entered into a long-term partnership for the expansion of Suez transformer station. The project cost is approximately EGP 37 million (EUR 1.87 million) + EUR 6 million as a discount
Deal & transactions
Oil & Gas
United Arab Emirates
TAQA and ADNOC come together to acquire Masdar stake from Mubadala
Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company have entered into binding agreements for TAQA and ADNOC to purchase stakes in Abu Dhabi Future Energy Company (Masdar)
Pinsent Masons has appointed international arbitration partner Pamela McDonald (pictured) as the new head of its Doha office, effective 01 July. She succeeds Jonathan Collier who has held the position since 2018. McDonald is an international arbitration
Deal & transactions
Healthcare, Pharma & Life Sciences
United Arab Emirates
ADQ to acquire Turkish pharmaceuticals company Birgi Mefar Group
Turkish pharmaceuticals company Birgi Mefar Group (BMG) has entered into a definitive acquisition agreement with ADQ, an Abu Dhabi- based investment and holding company. BMG is one of Turkey’s leading producers of sterile injectable
Banking & Finance
Deal & transactions
Egypt
Tanmeyah Microfinance Services acquires Fatura Netherlands
Tanmeyah for Microfinance Services (‘’Tanmeyah”), a wholly-owned subsidiary of EFG Hermes Holding, has successfully completed the acquisition of Fatura Netherlands (“Fatura”). Fatura is a tech-driven Business-to-Business (B2B) platform with a regional footprint
Deal & transactions
Transport
United Arab Emirates
Etihad Rail’s AED1.2bn agreement with Spain’s CAF Group
Etihad Rail, the developer and operator of the UAE national railway network, has signed a AED1.2 billion (USD327 million) agreement with CAF Group, a Spanish rail manufacturer, for designing, manufacturing, supplying, and maintaining passenger trains
Deal & transactions
TMT
Transport
United Arab Emirates
Careem expands services with the acquisition of UAE company Munch:On
Ride-hailing company Careem has acquired UAE subscription-based food delivery company Munch:On as it expands food offerings on its multi-services platform. Following the acquisition, Munch:On will stop daily operations and its services
