M&A-

Multiply Media Group (MMG), a subsidiary of 2PointZero Group, acquired London Lites, a UK-based digital out-of-home operator, Wam reports. London Lites has a portfolio of over 65 premium signs in central London and the move comes as MMG looks to expand its UK presence through its portfolio firm, Backlite UK. The value of the acquisition wasn’t disclosed.

ICYMI- In June, Multiply Group consolidated three of its out-of-home portfolio firms — BackLite Media, Viola Media, and Media 247 — under a newly-launched group , Multiply Media Group. Based in the UAE, the firm said it was targeting expanding its footprint in the UK, as well as in Saudi Arabia, the US, and Europe. It also secured rights to another advertising portfolio in London in June through a partnership with Wildstone. For its own part, Multiply was recently merged along with fellow IHC subsidiaries Ghitha Holding and 2PointZero, to form 2PointZero Group.

INVESTMENT-

Modon enters US equestrian market with Wellington investment: ADQ-backed developer Modon Holding made an undisclosed investment in US-based real estate developer Wellington Lifestyle Partners as part of a consortium redeveloping the Wellington International equestrian showgrounds in Florida, according to an ADX disclosure (pdf). The project will feature high-end residences, a boutique hotel, a commercial marketplace, and a championship golf course.

REMEMBER- Modon is expanding its global portfolio, including up to EGP 45 bn in infrastructure commitments at Egypt’s Ras El Hekma, where it is master developer for the first 50 mn sqm phase and has tendered 2k acres of works to local contractors.

REAL ESTATE-

Property Finder, Stake team up on tokenization: Dubai-based Property Finder has partnered with Dubai-based real estate investment platform Stake to bring fractional property investment directly onto its platform, according to a press release. The integration, set to go live in 1Q 2026, will allow users to access Stake’s investment products (from as little as AED 500) through Property Finder’s app and web channels. Users will also be able to make transactions via the platform.

ICYMI-Property Finder took an undisclosed equity stake in the Mubadala-backed investment platform in October. The Emirates’ real estate sector is seeing growing interest in tokenization, after Dubai Land Department launched its real estate tokenization project in March. Dubai-based developer Mag Holding and Damac Group are among the Emirati players getting involved in the push.

TRADE-

The Economy Ministry has launched the TM Market Place, the UAE’s first digital platform for buying and trading trademarks, aiming to strengthen the country’s IP ecosystem and to widen investor access to intangible assets, according to a press release. The platform, which will be restricted to national and international trademarks registered in the UAE — targets a 20% increase in registered trademarks in its first year.

Breaking it down: Economy and Tourism Minister Abdulla bin Touq Al Marri said the initiative helps convert trademarks owned by UAE companies, including SMEs and family businesses, into usable financial assets by enabling fair valuation and offering exposure to a broader pool of investors. It also lowers barriers for foreign entrepreneurs seeking ready-made brands to enter the local market.

ALSO- Dubai Multi Commodities Center (DMCC) launched FinX, a platform to link DMCC’s tenants with capital market participants, trade finance professionals and fintech innovators, according to a statement. The platform, launched at the Dubai Precious Metals Forum, aims to link capital with physical supply chains and tokenized markets.

LOGISTICS-

Indu Kishore Logistics opens e-commerce facility in Dubai South: UAE-based logistics provider Indu Kishore Logistics opened its new 23k sqm e-commerce facility in Dubai South’s Logistics District, according to Dubai Media Office. The facility includes a storage capacity of 75k pallets and integrated data-driven automation to streamline shipment operations.

ICYMI-The two broke ground on the facility’s construction last year, as part of a broader investment plan to expand its operational capacity amid a surge in demand within the automotive and aerospace sectors.

EVs-

UAEV partners with Autel on next-gen EV charging tech: State-owned Emarat EV Charging Stations (UAEV) signed an MoU with Chinese EV charging solutions firm Autel Digital Power to develop smart-charging and energy-storage technologies tailored to the UAE, according to a press release. The collaboration will cover vehicle-to-grid systems, integrated battery-storage solutions, and intelligent charging platforms, with pilot projects and locally optimized deployments supporting UAEV’s nationwide network rollout.

The partnership comes as the UAE ramps up its EV charging infrastructure under the National Electric Vehicles Policy. Dewa and Parkin recently began expanding Dubai’s public network with 100 new chargers, alongside a broader rollout that includes 208 ultra-fast chargers with Dubai Taxi, 200 DC fast chargers under Parkin’s agreement with e&’s charge&go, BYD’s planned 1 MW charging units, and UAEV’s target of 10k chargers nationwide by 2030.

ENERGY-

Enersol’s DWS secures contract with Petronas: Deep Well Services (DWS), a portfolio company of Enersol — a JV between Adnoc Drilling and Alpha Dhabi — secured a contract with Petronas Abu Dhabi, the UAE arm of Malaysia’s state-owned oil and gas firm, according to a press release.

Under the agreement, DWS will deploy its Hydraulic Completion Units and BoreSite systems for a 12-well unconventional program, aiming to improve efficiency in the UAE’s unconventional gas resources. So far, DWS has completed over 5.8k unconventional wells in major US basins.

BACKGROUND- Earlier this year, Enersol acquired a 95% stake in US-based energy tech firm DWS, in a move that aimed to bring it closer to Adnoc Drilling’s goal of delivering 144 unconventional wells to Adnoc Group.

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