Rosatom and DP World have a new JV in the works

Rosatom partners with DP World on a new JV: Dubai-based ports operator DP World will own a 49% stake in a new logistics JV it is launching with Russia’s state nuclear firm Rosatom, which will hold the majority interest, Reuters reports. The partnership opens a channel into Russian-linked container flows and Northern Sea routes, a lane Rosatom is trying to scale into a commercial corridor.

The structure: Rosatom will fold in its 92.4% stake in transport group Fesco, while DP World will bring liquidity (an amount which will depend on Fesco’s valuation).

This isn’t a first date: DP World and Rosatom have been building toward this since 2021, signing Arctic route agreements and setting up a similar 51/49 joint venture — International Container Logistics — back in 2023.

ePointZero plans USD 2.3 bn acquisition of US energy firm

2PointZero subsidiary eyes taking over US energy firm: ePointZero Holding, the decarbonization arm of 2PointZero, is set to acquire a 100% stake in US-based energy firm Traverse Midstream Partners for USD 2.3 bn, according to an ADX disclosure (pdf). The transaction, pending regulatory approval, expands the IHC-backed investment company’s international footprint, after it increased its stake in Egyptian fintech Maseera Holding to 100% last December.

About the company: Founded in 2014, the private energy company holds a portfolio of nonoperated midstream assets with a minority stake in the Rover Pipeline and Ohio River System natural gas projects.

Lining up for licenses

Asia Pioneer Entertainment, a Macau-based electronic gaming equipment supplier, is seeking distributor approvals in Abu Dhabi and Singapore as part of its push into newly regulated markets, the company said in its financial earnings (pdf).

The UAE has become the first in the GCC to roll out a national framework for a casino ecosystem, anchored by Wynn’s USD 3.9 bn Ras Al Khaimah resort and overseen by the federal GCGRA, which has already issued a national lottery license to a commercial operator and early vendor approvals.

Who’s already in? Approved international vendors include Switzerland’s Sportradar, the UK’s TCSJohnHuxley, Australia’s Aristocrat, and Estonia’s Yolo Group.

Empower signs cooling systems agreement with Meraas

Empower to provide Meraas’ cooling systems: District cooling firm Empower secured an agreement with real estate developer Meraas, a subsidiary of Dubai Holding, to supply over 17.5k refrigeration tons (RT) to the developer’s City Walk Phase 3 and Verve building, according to a DFM disclosure (pdf).

IN CONTEXT- The agreement brings Empower’s total contracted capacity to 2.0 mn RT, after its total connected capacity hit 1.7 mn across nearly 1.7k buildings at the end of 2025. As for Meraas, it tapped Naresco last year for an AED 450 mn contract for construction works on the last phase of Dubai’s City Walk project, which is slated for 3Q 2027 handover.

Capital heads to the meat counter

Growth investor Emirates Growth Fund (EGF) is putting AED 45 mn into CarniStore — a UAE-based premium protein business that spans sourcing, production, and digital retail — for a minority stake, marking its first move into the sector, according to a press release. The size of the stake has not been disclosed.

Where the funds will go: The capital is set to fund scaling and product expansion, as EGF looks to build “national champions” in food, backing mid-sized, homegrown brands to bulk up, professionalize, and expand beyond the UAE.

Zooming out: It plugs into a wider policy shift toward localizing supply chains — as we previously covered, the UAE is targeting a 25% share of locally sourced food in hospitality, chipping away at heavy import dependence.

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