epa03621011 Umut Bulut (L) of Galatasaray celebrates after scoring the 3-2 against Schalke's goal-keeper Timo Hildebrand during the UEFA Champions League round of 16 second leg soccer match between FC Schalke 04 and Galatasaray Istanbul at Stadion Gelsenkirchen, Gelsenkirchen, Germany, 12 March 2013.  EPA/FRISO GENTSCH *** Local Caption ***  03621011.jpg

In pictures: Clubs in action across Europe and Asia



COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
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Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.