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UAE’s Fasset harnesses blockchain to spread digital Islamic banking across Africa

Co-Founder Daniel Ahmed tells The Circuit that Fasset's technology can help serve millions of underbanked people in the developing world

Hedge funds flock to Dubai’s DIFC, doubling in the last 2 years

Beyond hedge funds, the DIFC contains nearly 500 wealth and asset management firms, up from 350 at the start of last year

Mecca draws influx of foreign capital as Saudi Arabia eases property rules

Millions of Muslims come on pilgrimage from abroad and some are taking the opportunity to shop for second homes

Mubadala aims to double Asia portfolio to 25% within a decade

Mubadala's Asia chief said the sovereign wealth fund would deploy more of its capital in real estate, infrastructure and private equity

Binance’s CZ headlines as crypto crowd pours into Abu Dhabi

The world's biggest cryptocurrency exchange obtained regulatory approval from the emirate to provide global platform services via three entities

Quick Hits

economic alliance

Oman, India sign trade agreement amid Modi-Trump tension

The Daily Circuit: Oman-India trade deal + Citadel’s Dubai branch

athletic interest

Qatar sovereign fund boosts its stake in Monumental Sports

The Daily Circuit: QIA boosts Monumental stake + Alterra’s Copenhagen interest

Branching out

ADNOC clinches $17B Covestro deal after regulatory battle

cleaning up

UAE to ban most single-use plastics in pollution crackdown

The Daily Circuit: ADNOC seals $17B Covestro deal + KKR invests in Premialab

hedge hub

Hedge funds flock to Dubai’s DIFC, doubling in the last 2 years

The Daily Circuit: Dubai hedge fund multiply + Mubadala-Barings debt venture

PORT purchase

AD Ports seeks majority stake in Alexandria container terminal

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