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The Daily Circuit

May 9, 2025
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👋 Hello from the Middle East!In the Daily Circuit today, we’re reporting on PIF-owned ACWA Power’s 44% jump in first-quarter profit, a San Francisco outpost for Abu Dhabi’s new health venture, Primark’s plans to bring its fast-fashion stores to Dubai...

Recent Daily The Circuit Newsletters

Fri, May 30
Pilgrims in Mecca shelter from the heat under giant fans blowing a cool mist, one of the measures Saudi Arabia has taken to protect pedestrians from heat as the Hajj Pilgrimage approaches. A newly opened walkway also includes heat-reducing plastic surfaces, lighting and rest areas with mobile phone charging stations. (Esra Hacioglu/Anadolu via Getty Images)

The Daily Circuit: Tabreed keeps its cool + PIF tech IPO

Thu, May 29
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, attended the 2025 commencement ceremony of Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) on Wednesday. (Emirates News Agency)

The Daily Circuit: UAE-EU trade talks + Mubadala’s $1B bond sale

Wed, May 28
UAE President Sheikh Mohamed bin Zayed received the Presidential Camel Racing Team at Qasr Al-Bahr palace in Abu Dhabi at a meeting attended by Sheikh Mansour bin Zayed, Vice UAE President, Deputy Prime Minister and Chairman of the Presidential Court, and Sheikh Sultan bin Hamdan, Adviser to the UAE President and Chairman of the UAE Camel Racing Federation. (Emirates News Agency)

The Daily Circuit: PIF backs the Kings League + Dubai REIT kicks off

Tue, May 27
Emir of Qatar Sheikh Tamim, Vietnam's Prime Minister Pham Minh Chinh, Crown Prince of Kuwait Sheikh Sabah Al Khalid Al Sabah, Malaysia's Prime Minister Anwar Ibrahim, Philippines' President Ferdinand Marcos Jr, Ruler of the UAE emirate of Ras Al Khaimah Sheikh Saud bin Saqr Al Qasimi, Sultan of Brunei Hassanal Bolkiah, Bahrain's Crown Prince Salman bin Hamad Al Khalifa, and Cambodia's Prime Minister Hun Manet pose for a group photo at the 2nd ASEAN-GCC Summit in Kuala Lumpur on Tuesday. (Jam Sta Rosa / AFP via Getty Images)

The Daily Circuit: TAQA shops for U.S. firms + DP World in Oman

Mon, May 26
Saudi film producer Mohammed Al Turki and British model Naomi Campbell arrive trackside ahead of the Formula One Monaco Grand Prix on Sunday. (Andrej Isakovic/AFP via Getty Images)

The Daily Circuit: Waldorf meets Disney in UAE + Aramco asset sale

Fri, May 23
The opening press conference for the Turkish Airlines EuroLeague Final Four Abu Dhabi was held at the Louvre Abu Dhabi on Thursday. Europe’s biggest basketball tournament is being held in the UAE for the first time this weekend at Etihad Arena on Yas Island. Pictured are (L-R): Saras Jasikevicius, Head Coach of Fenerbahce Beko Istanbul, Nigel Hayes-Davis, #11 of Fenerbahce Beko Istanbul, Kendrick Nunn, #25 of Panathinaikos Aktor Athens, Ergin Ataman, Head Coach of Panathinaikos Aktor Athens, Vassilis Spanoulis, Head Coach of AS Monaco, Mike James, #55 of AS Monaco, Georgios Bartzokas, Head Coach of Olympiacos Piraeus and Sasha Vezenkov, #14 of Olympiacos Piraeus. (Pau Barrena/Euroleague Basketball via Getty Images)

The Daily Circuit: Open AI, G42 to build data center + Qatar’s China stake

Thu, May 22
Former U.K. Prime Minister Theresa May appeared on stage alongside Editorial Director Ellie Austin at the Fortune Most Powerful Women International Summit at the St. Regis in Riyadh on Wednesday. (Amal Alhasan/Getty Images for Fortune Media)

The Daily Circuit: Flynas IPO meets ferocious demand + ADNOC shops at home

Wed, May 21
French basketballer Matthew Strazel, point guard for AS Monaco, is greeted by traditional Emirati dancers on arrival at the Hilton on Abu Dhabi’s Yas Island, where the Turkish Airlines EuroLeague Final Four will take place this weekend. (Luca Sgamellotti/Euroleague Basketball via Getty Images)

The Daily Circuit: Kuwait cautions on private equity + Acwa Power raises $1.9B

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