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

Robo-advisers democratise investing and promote financial inclusion, experts say

Demand for low-fee, transparent digital investment platforms is growing in the Mena region

Dubai eyes crypto hub status as global regulators remain cautious

Cryptocurrencies are receiving a mixed reception around the world, but Dubai is doubling down on its efforts to place itself at the front and centre of the technology.

DIFX Cross Asset Digital Exchange grows to USD550mln in assets under management with FireBlocks

In 2020, Fireblocks launched MPC-CMP, an open and free-to-use MPC protocol

GCC banks minimise cyber risks with strong investment in digital security, S&P says

Strong profitability, capitalisation and liquidity provide a financial buffer to lenders against potential cyber incidents

SDAIA expects AVs to be available for everyone by 2050: Saudi Arabia

Autonomous vehicles (AVs) are among the most advanced technologies in developed countries

KPMG launches second edition of global tech innovator competition

2022 KPMG Private Enterprise Global Tech Innovator competition is being hosted in over 21 countries round the world

Cybersecurity skills gap contributed to 80% of breaches

Fortinet releases new research on key concerns around the cybersecurity talent shortage, recruitment, diversity, and security awareness

Mashreq Bank commits up to $10mln investment in fintech “Cashew”

Long-term relationship designed to give added benefit to NEOPAY merchants and BNPL customers

Spare Technologies granted license as an open banking ancillary service provider in the Kingdom of Bahrain

The license will pave the way for Spare to kickstart their operations in Q2 of 2022

Indian cryptopreneurs eye UAE

Venture capital is making a big move on crypto in 2022 and investment totalled $10 billion globally in the first quarter of this year, according to data from Pitchbook.

What’s driving digitalization in the Gulf?

Banks in the Gulf are embracing blockchain, fintech, cryptocurrencies and AI as they look to cater to changing consumer demands and a rapidly evolving financial landscape.

MeetsMeta to launch first virtual city in UAE

As part of Metaverse, the platform enables users to have access to a number of future investment opportunities by helping them interact with a virtual community and work from any part of the world

UAE In-Focus — EDB rolls out digital platform to support SMEs; Virtual platform MeetsMeta expands into UAE

Virtual platform MeetsMeta has selected the UAE to launch the first virtual city to simulate reality through NFTs.

Coinsfera Is the First Company to Offer Buying Property in Dubai with Bitcoin

Dubai has always been the center for real estate, apartments, hotels, properties, and everything related to luxury.

Fawry aims to retain its top spot in Egypt’s FinTech space

Exclusive: The e-payments platform became the country’s first unicorn in 2020 on the EGX, and is now exploring a partial US listing, chief executive Ashraf Sabry says

Dell will play a key role in the UAE’s digital transformation journey

Walid Yehia, General Manager – UAE, Dell Technologies, on AI, smart cities and more

The UAE eyes pole position in digital economy

An enabling environment and policies supported by ecosystems put the country among leaders

Dubai’s ICD Explores Sale of $1 Billion IT Services Firm

Dubai is working on an ambitious plan to privatize as many as 10 firms to raise cash and revive its capital markets.

Careem Pay introduces digital wallets to UAE customers

Any UAE bank account can receive money from the digital wallet.

DIFC-based fintech Tarabut Gateway receives DFSA licence

This licence marks the first time the DFSA has authorised a firm to provide account information services and payment initiation services activities