Al Tamimi & Company, the leading law firm in the Middle East and North Africa, has announced the election of Jody Waugh as its new Managing Partner, effective from 1 January 2024. Jody Waugh&
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RIYADH, December 2023 – Global law firm Norton Rose Fulbright has been granted a foreign law firm license by Saudi Arabia’s Ministry of Justice, in line with the country’s new operating regulations. This
Barakat, Maher & Partners, in association with Clyde & Co, has advised JAF Investment on its EGP 177 million 30 per cent dual acquisition (under execution) of Rawaj Consumer Finance and
Muscat, Oman – Dentons Middle East was delighted to participate in the “EU and Oman – Shaping the Future of Renewable Hydrogen” conference, a key part of the Green Hydrogen Summit & Exhibition Oman 2023 (GHSO23) that
Amr Reda Abdullatif , LL.M Ben Cowling – Clyde & Co said ” The KSA Civil Code is stated to come into effect 180 days after it was published, which date is 16 December 2023. The KSA Civil Code also
The Saudi Central Bank (SAMA) has recently issued a new set of rules for Buy Now Pay Later (BNPL) services in the Kingdom. These rules aim to regulate the BNPL market and protect the interests
Banking & Finance
United Arab Emirates
UAE’s Enhanced AML/CFT Framework: A Deep Dive into Cabinet Decision
Taking Measures to Combat Money Laundering and Terrorism Financing Crimes Cabinet Decision No. 109/2023 marks a significant step in the UAE’s fight against financial crime, introducing a robust and forward-thinking approach to anti-money laundering (AML)
Banking & Finance
Capital Markets
Egypt
Dreny & Partners Successfully Closes EGP 984.5 Million Securitization Transaction
Dreny & Partners proudly concludes B.TECH for Trade & Distribution’s second securitization endeavor, totaling EGP 984.5 million. This transaction forms part of a comprehensive 2-year, EGP 5 billion multi-issuance program. CIB Egypt assumed the pivotal
Shalakany proudly announces the promotions of Rokaya Ghoneim, Ragya Shoukry, Farida Wagdy, and Mariam Osman to the position of Associate within the firm. This advancement recognizes their dedication and valuable contributions. Also, Shalakany is pleased
Capital Markets
Energy & Trading
Other
Siemens Energy and Oman Investment Authority: A Strategic Collaboration for
Siemens Energy and the Oman Investment Authority have taken a significant step towards a sustainable future. Following COP28, both entities have signed a Memorandum of Understanding (MOU) for an electrolyser manufacturing facility. This strategic agreement
