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

UAE targets Asian firms to become crypto hub: Crypto Wrap

The UAE is competing with Singapore, Switzerland, and others to become a global crypto hub.

Saudi's CMA approves Etihad Atheeb Telecom capital reduction

This will reduce the company’s capital to $24mln

Fawry broadens its platform for consumer finance offerings to capture the growing opportunity on the financial services market

The move also comes in line with the government vision & FRA strategy to support financial inclusion & digital transformation

Zand eyes UAE digital banking sector with strategic stake buy

On the strategic move, Mohamed Alabbar, Chairman of Zand, said: "Today’s announcement marks another major milestone for us, and we are excited to be closing in on our goal of establishing the UAE’s first native digital bank."

Dubai Islamic Bank launches ‘Rabbit’ as digital banking for connected generation

Rabbit platform will initially feature basic banking services and then be scaled up

AFS in deal to power ila Blue, Switch credit cards

Regulated by The Central Bank of Bahrain, and majority-owned by Bank ABC, AFS boasts numerous ground-breaking end-to-end digital payment services and solutions.

Dubai Islamic Bank launches Rabbit 'FunTech' app aimed at tech-savvy customers

The UAE's biggest Sharia-compliant lender also plans to introduce the app to markets such as Pakistan and Kenya, DIB group chief executive says

BNY Mellon, SNB Capital data service to help investors in KSA manage big bets

“With a focus on growth in mind, the infrastructure will allow for greater transparency and resilience at a lower cost.”

Arab National Bank Adopts Red Hat’s Open Hybrid Cloud Platforms To Accelerate Digital Banking Innovation

Digital transformation represents a major driver of ANB’s forward-looking strategy to compete in Saudi Arabia’s banking industry

Emirates NBD offers Voice Banking with Alexa in UAE

Customers can securely access balance updates, statements and track card spends through any Amazon Alexa enabled device

Wealthface launches advanced investing App

The platform offers MENA user-friendly Invest App

Open banking provides opportunities for consumers, financial institutions and fintechs

Open banking is empowering customers to do more within their bank’s financial ecosystem, as well as promoting innovation, competition, and financial inclusion amongst large and SME financial institutions, shares expert

Expanding African footprint is still part of our strategy, says CEO of CIB

A conversation with Hussein Abaza

Binance in Talks for Middle East HQ

Recent hires include Mark McGinness and Matt Gamble, formerly from the Dubai Financial Services Authority and ADGM, respectively.

Israel’s First Digital Bank raises USD 120 million from global investors

First Digital Bank is now valued at USD 320 million.

Digital wealth manager launches Smartfolio products linked to MENA Venture Capital Funds

Disruptive "FinaMaze Top VC Booster" to allow individual qualified investors to invest in Smartfolios with exposure to MENA top VC funds and to the most promising MENA startups, starting from $ 10,000

Crypto exchange Binance hopes to have Dubai HQ

"The government there has the advantage that it is progressing tremendously, and it represents a very good business environment,” Zhao said.

Boubyan Bank inks pact with DIFC to launch accelerator

“We are beyond pleased with this partnership with one of the most important regional institutions that supports and nurtures emerging technology startups, which have been witnessing rapid growth in recent years."

Commercial Bank of Dubai becomes the first bank to establish a Digital Lab at the DIFC Innovation Hub

During the inauguration, the guests took a tour of the lab and learnt more about how CBD’s Digital Lab backs the ambitions of the UAE’s digital and FinTech ecosystem.

QNB launches WeChat Pay to retailers in Qatar

The new partnership enables QNB’s merchant network in Qatar to cater to the Chinese customers by giving them the opportunity to make use of WeChat Pay as a safe and secure payment option and to go cashless.