ENERGY-

#1- ENEC expands into nuclear consulting: The Emirates Nuclear Energy Company (ENEC) launched ENEC Consulting, a new advisory arm to help countries and organizations set up peaceful and sustainable nuclear energy programs, according to the Abu Dhabi Media Office. ENEC Consulting will provide guidance in areas such as project management, regulatory frameworks, and workforce development.

#2- GE Vernova expands operations in Sharjah’s SAIF Zone: General Electric’s energy spinoff GE Vernova opened a new warehouse in the Sharjah Airport International Freezone, Wam reports. The facility will focus on the distribution of spare parts and the repair and maintenance of the electricity sector equipment — including wind turbines and solar and hydropower infrastructure.

INVESTMENT-

#1- Investindustrial sets up shop in ADGM: European investment group Investindustrial inaugurated its Abu Dhabi office in ADGM, after securing a Financial Services Permission from ADGM’s Financial Services Regulatory Authority, according to a press release. The license allows the company to provide financial services from ADGM, including advisory, fundraising, and marketing. The new office will act as a hub for the company’s operations in the Middle East and Asia.

We already knew this was happening: Investindustrial agreed to establish a presence in the ADGM, after Abu Dhabi Catalyst Partners, a JV between Mubadala Capital and Alpha Wave Global, invested an undisclosed amount last year in the initial closing of Investindustrial’s eighth private equity fund.

#2- Investment platform Wio Invest will now offer recurring orders for Lunate Chimera ETFs under a new partnership between the two, allowing investors to automate weekly or monthly purchases of Chimera ETFs in AED at a predetermined amount, Wam reports.

REAL ESTATE-

#1- Dubai Investments’ real estate arm launched a AED 400 mn residential project, Asayel Avenue, according to a press release (pdf). The project will feature 193 residential units, including one- to three-bedroom apartments. Construction is scheduled to start in 2Q 2025 and wrap up two years later.

#2- Meydan awarded a AED 529 mn contract to Bhatia General Contracting to build the Naya residential towers at District One in Mohammed bin Rashid Al Maktoum City, according to a press release. The project will feature 456 one- to four-bedroom apartments and lagoon villas and is scheduled for completion by 3Q 2027.

SPACE-

State-owned space tech firm Space42 deployed the second phase of its Foresight satellite constellation, developed in partnership with Finish satellite manufacturer ICEYE, according to a press release (pdf). The next-generation Synthetic Aperture Radar (SAR) spacecraft was launched aboard SpaceX’s Transporter-12 Rideshare mission from California’s Vandenberg Space Force Base on Tuesday, with integrator support from Exolaunch.

The Foresight-2 satellite joins its predecessor Foresight-1 in orbit, enhancing Space42’s geospatial capabilities with faster and more precise data insights. The advanced SAR system provides high-resolution imaging of Earth’s surface regardless of weather or lighting conditions, enabling real-time tracking of small objects and surface changes.

FINANCE-

Equiti Group’s new investment fund gets the green light: Dubai-based fintech firm Equiti Group received preliminary approval from the Securities and Commodities Authority to launch a new investment fund, the Equiti Global Balanced Fund, it said in a statement. The new offering is part of the company’s latest product line Equiti Wealth, which facilitates investors’ access to “professionally managed” investment funds, starting with investments as little as USD 1k.

INFRASTRUCTURE-

DP World to help boost green ammonia, methanol exports: DP World and India’s AM Green inked an MoU that will see them set up the necessary infrastructure to facilitate the global export of 1 mn tons of green ammonia and methanol annually, according to a statement (pdf). Under the partnership, the two sides will build infrastructure in the UAE, the EU, and the Far East region, work on developing refueling stations for green ammonia and methanol in Dubai, India, and Southeast Asia, as well as port facilities at AM Green’s industrial clusters in India.

CRYPTO-

DMCC to get a Crypto Tower to boost Dubai’s Web3 ecosystem: The Dubai Multi Commodities Centre (DMCC) partnered with software developer REIT Development to build a 17-storey Crypto Tower in the DMCC to support its growing blockchain, DeFi, and Web3 community, DMCC said in a statement. The project is scheduled for completion by 1Q 2027. The Crypto Tower will feature 150k square feet of leasable office spaces for crypto startups, established businesses, blockchain incubators, and VC firms, among others.

STARTUPS-

Opteam secures pre-seed funding: UAE-based Opteam, an AI-powered construction management software, closed an undisclosed pre-seed funding round led by Abu Dhabi-based Plus VC and with participation from Dar Ventures, SIAC Ventures, and Oraseya Capital, according to a press release. The startup will use the funds to enhance its AI solutions, grow its staff, and expand its operations in the UAE and Saudi Arabia.

More about Opteam: Opteam’s software streamlines project management for businesses in the construction sector, using advanced data analytics, mobile progress tracking, and automation tools. It offers real-time insights to optimize resources, monitor site progress, and recover project delays.

FINTECH-

Magnati, India’s NPCI to roll out payment solutions targeting Indian travelers: Homegrown payment solutions provide Magnati partnered with Indian state-owned NPCI International to implement a QR-based unified payments interface for merchants using Magnati POS channels, according to a press release. The move aims to facilitate payments for Indian travelers.

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