Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Visa supports cross-border transfers in Bahrain

Initially, this service is accessible to clients of Bahrain Islamic Bank (BisB) and Khaleeji Bank.

AI in Middle East banking could add 13.6% to GDP by 2030, reveals report

The report underscores the United Arab Emirates (UAE) and Saudi Arabia as frontrunners in embracing AI in banking.

Standard Chartered and OKX launch world-leading collateral mirroring programme

The programme will see leading institutions, such as Brevan Howard Digital, onboard onto this pioneering programme.

Taurus Unveils First Interbank Digital Asset Network

Taurus-NETWORK creates an ecosystem covering public and permissioned DLTs, as well as all types of assets whether cryptocurrencies, tokenised securities, and digital currencies.

Turkey's Sipay raises $78 million

Sipay's white labelled embedded finance apps provide support for digital wallets, investments and loyalty schemes, among others.

Capgemini to establish AI Center of Excellence in Egypt to accelerate AI-driven innovation for global clients

This initiative bolsters Capgemini’s strong ties with Egypt as a strategic innovation hub for global organizations.

Global Finance Names The Innovators 2025 – The Most Innovative Banks and the Most Innovative Financial Technology Companies

This is Global Finance’s twelftth annual awards program recognizing entities that regularly identify new paths and design new tools in finance.

The Central Bank of the UAE awards tap payments a full payment services license

This marks the completion of regulatory approvals across the entire GCC

Kaspersky uncovers advanced Triada trojan preinstalled on counterfeit smartphones

Embedded in the system firmware, the malware operates undetected and grants attackers’ full control over infected devices

EY-Parthenon eyes $250mln investment in AI-powered Edge platforms

The newly formed EY-Parthenon brand aims to appeal to an increasingly diverse range of talent with an investor mindset

UAE to be launch pad for global initiative to tackle massive crypto theft

Serenity looks to tap into $40bn market with biometric access card for digital currency storage and transactions

Qatar offers strong consumer, enterprise demand for tech solutions

Qatar has allocated more than $1bn to startup funding, offering equity-free grants, seed capital, and growth-stage investment.

Al-Ahli Bank of Kuwait swaps Misys’ Equation core banking system for Infosys Finacle

Al-Ahli Bank of Kuwait (ABK) has gone live with a new core banking system at its two branches in the UAE.

Bringing digital innovation & entrepreneurship to SME banking

Advanced data analytics and automation also ensure tailored, efficient, and accessible solutions, helping SME clients save time and focus on growth.

Presight, Microsoft to nurture next generation of AI startups

The collaboration will empower startups by providing high-performance computing, access to cloud services, and exposure to foundational AI models

5G advanced in Saudi Arabia with launch of first live Cloud RAN site

In January, Nokia announced it had partnered with Zain KSA to launch the first 4G/5G Femtocell solution in Saudi Arabia and the Middle East and Africa region

Mercans partners with Deloitte to build a best-in-class quality and risk management framework

A strategic collaboration to reinforce compliance, quality, and risk excellence worldwide

UAE's data center deal with France a notable step forward for region's AI infrastructure

This is where data centres are emerging as a critical component of the ecosystem.

Vision Bank becomes operational with Finastra's cloud-native, Islamic banking treasury solution

The cloud deployment aligns with Vision Bank's strategy of improving user experiences while meeting new market demands.

AWS partners with Accenture to bring its Cloud Institute to KSA and UAE

The KSA and UAE edition comprises a nine-course training program with both e-learning and live instructor-led sessions, and features over 150 interactive labs

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