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

Core banking tech vendor Tuum to power Uptex Bank debut in Oman

Developed by Oliver Business Development Holding, Uptex Bank is preparing to launch its first line of products "within months".

UAE closes in on launch of Digital Dirham

The CBDC will soon be introduced in phases to mitigate risks, with an intermediated two-tier distribution model and wallet-based access.

NTT DATA strengthens Microsoft Cloud partnership

To drive AI-powered transformation across MEA and global markets

Tarabut Secures In-Principle Approval from the Central Bank of the UAE, Marking a Milestone for Embedded Finance and Financial Inclusion

With this approval, Tarabut becomes the first regional fintech to be licensed under Open Finance

DIB partners with Visa

To become first bank globally to offer real-time transfers to 11bln cards, wallets and accounts

QFC report highlights requirements for advancing real-world asset tokenisation

Underscores the need for coordinated, forward-looking regulatory frameworks and multi-stakeholder cooperation

TELUS Digital expands into the Middle East with opening of Dubai office

TELUS Digital is a certified partner of numerous major technology vendors, including Salesforce, ServiceNow, Adobe, Appian and cloud providers.

UAE’s Mubadala Capital invests in US AI firm Anaconda's $150mln Series C

Mubadala’s portfolio of AI investments include G42 and Space42

IBM report: Data breach costs drop 18% in the Middle East, reaching SAR 27mln in 2025

IBM’s annual Cost of a Data Breach report reveals AI adoption, encryption and DevSecOps strategies helped reduce breach costs – but financial, energy and healthcare sectors remain most exposed

EazyPay, Mastercard boost B2B payments in Bahrain

Tailored to optimise virtual card transactions, the platform automates receivables for merchants, replacing time-consuming manual processes with seamless, straight-through payment flows.

Lean Technologies receives IPA from the Central Bank of the UAE

Following this announcement, the approval will enable Lean Technologies to provide Open Finance solutions in the UAE

Wipro wins Multi-Year “Smart Grid” deal from Saudi Electric Company

Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client’s meter data platform

CBUAE and Presight launch a technology services-based joint venture

The new joint venture will deliver sovereign, AI-powered technological platforms

Fortinet report: OT cybersecurity risk elevates within executive leadership ranks

More than half (52%) of organizations report that the CISO/CSO is responsible for OT, up from 16% in 2022, while 95% of organizations report that the C-suite is responsible for OT, up from 41% in 2022

Gulf Bank signs MoU with global cybersecurity leader CrowdStrike

Partnership to Enhance Cybersecurity Awareness, Increase Digital Resilience in Kuwait’s Business Community whilst developing local expertise

UBF reaffirms commitment to strengthen digital infrastructure of financial and banking sector

This came during the honouring of UBF with the ‘Best Cybersecurity Strategy Implementation’ award

Saudi Arabia, Kuwait forge AI partnership to advance governance, innovation

Partnership highlights both associations’ commitment to supporting regional initiatives

Middle East: the emerging global hub for digital health innovation

Governments across the region are making bold investments in healthcare innovation, with the UAE and Dubai leading the charge

Commercial Bank awarded ‘Most Innovative Use of AI Technology’

With AI woven into its strategy, Commercial Bank is enhancing product areas, targeting customer segments, and streamlining operations.

Middle East digital transformation prompts digital ID adoption and partnership

This partnership represents a significant step in our international expansion strategy,” said Siobhan Morey-Millington, sales director at Intercede.

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