22 May 2024
In the past decade the UAE has witnessed a consistent increase in the number of HNWIs and UHNWIs relocating to the UAE, due to a variety of reasons ranging from incentivized long-term residency schemes, nominal taxation, access to superior healthcare, infrastructure and education to a vibrant economy that remained open to business despite the global…
The UAE and KSA have each witnessed new developments with the enactment of legislation designed to support family businesses and provide them with robust ownership options and mechanisms to sustain effective governance and management. The stability of all family businesses is critical to ensuring the ongoing economic stability of these key strategic Middle Eastern…
Hourani & Partners is proud to announce the launch of The Hourani Roundtable Series 2023, an exclusive roundtable designed to drive meaningful discussions and foster progress in the Middle East between the private wealth community and business families. The inaugural event took place in Riyadh, focusing on Succession & Family Governance in the Kingdom,…
The UAE has finally enacted the UAE corporate tax law of 2022, which is expected to come into force in June 2023 (Corporate Tax Law). It will introduce the UAE’s first ever corporate tax regime at the introductory rate of 9%. The Corporate Tax Law currently regards foundations and similar wealth consolidation structures as…
Hourani & Partners hosted the Georgetown University Law Center Alumni Reception at its offices in Dubai. The event brought together a diverse array of alumni, partners, clients, and distinguished guests for an evening of networking and celebration. Partner Chadi Hourani, who serves as the Chairman of Georgetown’s Middle Eastern and North African (MENA) Law Alumni…
Hourani & Partners advised Aljozoor Alrasekha Trucking Company (Rahaal), a wholly owned unit of United International Transportation Co (Budget Saudi), on its acquisition of stakes in Overseas Development Co. Ltd’s subsidiaries in Saudi Arabia, the United Arab Emirates, and Kuwait. Overseas Development Co. Ltd is a prominent provider of industry-specific logistics, shipping, and freight…
Hourani & Partners advised Al Malki Group on three strategic joint ventures with renowned global brands: Dolce & Gabbana, Technogym, and Ermenegildo Zegna. Al Malki Group is one of the largest Saudi Arabian retailers in the luxury fashion and lifestyle industry, The strategic joint ventures further bolsters the group’s position in the luxury market…
Hourani & Partners advised Officine Nicola Galperti e Figlio S.p.A (Galperti) in its 100% acquisition of Precision Forgings, a subsidiary of the Al Suweidi Group. Galperti, based in Italy, is renowned for its expertise in manufacturing flanges and other steel forgings for the Oil & Gas industry, acquired 100% of Precision Forgings in the…
