REAL ESTATE-

Pantheon Development inks MoU with NBCC India: UAE-based real estate developer Pantheon Development signed an MoU with India-based government owned engineering and infrastructure company NBCC India to jointly develop residential, hospitality and mixed-use projects across the UAE, Khaleej Times reports. NBCC is one of India’s leading public-sector construction and redevelopment firms, engaged in large-scale housing, urban infrastructure and civil works projects domestically and overseas.

The partnership will support Pantheon’s AED 3 bn expansion pipeline, focused primarily in Dubai and Ras Al Khaimah. Under the MoU, NBCC will collaborate on project planning and execution, bringing more than six decades of experience and a project portfolio exceeding AED 50 bn.

AI-

Dubai’s GEP, Malawi launch AI platform for Paris Agreement compliance: The Dubai-based Green Economy Partnership (GEP) partnered with the Malawi government to launch an AI-powered Paris Agreement Implementation Platform, according to a press release. The digital system will use AI and blockchain tools to make sure the country complies with Paris Agreement rules when it comes to national emissions data, carbon trading, and reporting.

Next stop, COP30: Developed over two years with Malawi’s Natural Resources and Climate Change Ministry, the platform will be formally unveiled at COP30. The system is designed for wider adoption across Africa, Asia, and Latin America, as countries look for digital infrastructure to stay on top of climate commitments.

CAPITAL MARKETS-

ASB Capital and Xtrackers launch first Sukuk ETF on LSE: Al Salam bank-backed Dubai-based asset management firm ASB Capital partnered with exchange-traded fund (ETF) provider German asset management company DWS’ Xtrackers to list a sukuk ETF on the London Stock Exchange, according to a press release. The XASB ETF provides diversified, low-cost access to over 150 sukuk globally and targets institutional and retail investors.

Background: ASB launched earlier this year, aiming to bridge regional and global investment windows, and now has USD 5.8 bn in assets under management. In April, it partnered with global investment management firm State Street Global Advisors (SSGA) to launch a shariah-compliant global equity fund. It later launched another global sukuk fund in partnership with Dubai-based investment bank Arqaam Capital, and a MENA Equity Fund with Amwal Capital Partners.

AVIATION-

ADQ-owned Etihad Airport Services rebranded itself as Velora, bringing together the firm’s three subsidiaries for ground handling, cargo and logistics, and security services under a single platform, according to a statement released on Thursday. Velora will now oversee daily operations for the services at Abu Dhabi’s airports, bringing to the table over 5k skilled workers.

Tags: