Inaugural ALB Middle East Law Awards a grand success

BY Aparna Sai |

The ALB Awards made its foray into the Middle East region with the inaugural event celebrating the outstanding achievements of individuals, law firms, in-house legal teams and dealmakers.

NRF EMEA offers staff shorter week, salary cut in response to COVID

BY Aparna Sai |

The Europe, Middle East and Asia (EMEA) offices of Norton Rose Fulbright (NRF) are offering lawyers the chance to reduce their working week by 20 percent in return for an up to 20 percent cut in base pay.

Singapore’s WongP launches regional law network

BY Raj Gunashekar |

Singapore Big Four law firm WongPartnership has marked its 25th anniversary by officially launching a regional law network that comprises of its alliance firms in the UAE, Malaysia, Indonesia and the Phillippines.

Bakers, CC lead on sale of ABN Amro’s Asian, ME private banking business

BY Raj Gunashekar, Reuters |

Baker & McKenzie has advised private banking and asset management group LGT in its acquisition of ABN Amro’s private banking operations in Asia and the Middle East. Clifford Chance advised the seller.

KWM Europe exit looming as turmoil continues: reports

BY Raj Gunashekar |

The Europe and Middle East offices of King & Wood Mallesons (KWM) may have to split from the firm after partners in those offices rejected a proposed recapitalisation programme, according to media reports.

ALB suspends Middle East newsletter

BY Ranajit Dam |

Asian Legal Business is suspending its dedicated weekly Middle East newsletter with immediate effect.

Dubai: Pinsent Masons loses another to Reed Smith

BY Karuna Jainpalli |

Reed Smith has hired a second Dubai partner this year from Pinsent Masons after snapping up arbitration specialist Bjӧrn Gehle.

Airbus plan heralds Iran boom after sanctions lifted

BY Reuters |

A purchase of more than 100 aircraft from Europe's Airbus may be one of Iran's first big deals in a trade and investment boom that could reshape the economy of the Middle East.

Egypt's SODIC says plans about 2.3 bln Egyptian pounds in investments in 2015

BY Reuters |

SODIC, Egypt's third-largest listed property group, plans about 2.3 billion Egyptian pounds ($301.64 million) in new investments in 2015, it said in a statement on Monday.

Qatar boosts Middle East M&A to highest level since early 2008

BY Andrew Torchia |

Mergers and acquisitions with Middle Eastern involvement last quarter hit their highest level since early 2008, boosted by outbound investment by wealthy Gulf funds and companies, according to a Thomson Reuters study.

Madison backs Qatari bid for Canary Wharf owner Songbird

BY Reuters |

Songbird Estates shareholder Madison International Realty plans to accept Qatar Investment Authority's (QIA) offer for the British property company, the sovereign wealth fund behind the hostile move said.

Abu Dhabi's Waha Capital gets regulatory nod for share buyback

BY Reuters |

Abu Dhabi-listed investment firm Waha Capital has secured regulatory approval to buy back up to 10 percent of its outstanding shares, the company said in a bourse filing on Tuesday without disclosing the price it would offer.