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

MENA’s digital economy surging ahead to $100 billion barrier

UAE and KSA are per RedSeer’s analysis the pillar of the digital economy in MENA – contributing around 70% of the total digital economy.

Deloitte, AWS and SAP launch e-commerce program for Saudi youths

The program has since its launch received massive interest from Saudi youth, with over 7.000 applications sent in.

GFH successfully closes its second technology portfolio investment in less than a year

Three companies from first Technology Portfolio had successful IPOs and now trade at more than 4x their late-stage private funding rounds

UAE to get first-of-its-kind, homegrown consumer banking marketplace powered by AI

In the Middle East and North Africa (MENA) region, factors such as changing customer preferences, high mobile penetration rates, growing competition from fintech companies are driving change.

Emirates first to launch new industry payment solution in partnership with Deutsche Bank

Emirates is the world’s first airline to launch this payment alternative powered by a white-label solution jointly developed by the International Air Transport Association (IATA) in partnership with Deutsche Bank.

Dubai cloud kitchen Kitopi raises $415mln from investors including SoftBank

The deal is the fund's first investment into a United Arab Emirates registered company

Codebase Technologies partners with Capital Bank Group to build new Regional Digital Bank

The Capital Bank Group initiative will spearhead digital transformation across the two countries, leveraging the countries' combined 88% mobile penetration rate to transform the financial ecosystem

UBL partners with Temenos and NdcTech to modernize and scale its digital banking strategy across channels

Through this agreement, the bank has embarked on a digital transformation journey across all channels

UAE-based fintech Mamo receives greenlight from Dubai International Financial Centre

At Mamo, everything we do begins with an authentic human connection.

Hybrid wealth manager unveils new cryptocurrency investment themes

FinaMaze's latest offerings are in response to rising demand for digital assets

HSBC becomes first foreign entity onboarded to Dubai’s KYC blockchain

HSBC plans to improve the KYC process for local investors and corporate clients by leveraging blockchain technology.

The importance of investing in cybersecurity

Why protecting customers’ online information should be a priority

The Saudi Investment Bank: First Bank in the Kingdom to adopt Cisco's innovative technologies

Cisco's innovative network infrastructure enables The Saudi Investment Bank to quickly adapt to changes in business needs while improving the services provided to customers

Digital wealth manager launches cryptocurrency and inflation protection investment themes

ADGM-licensed Finamaze says the two themes were in response to investor demand for stabilised daily performances in the cryptocurrency space, as well as concerns about inflationary tensions building up in markets

Digitalisation and sustainability are top priorities for consumers in the Middle East, PwC report says

The PwC Middle East report charts the shift in consumer attitudes after a period of upheaval

Protiviti advises Zajil Telecom on its deal with Bahrain’s Kalaam

Together, Kalaam and Zajil will own a network comprising a 1,400 km fibre cable system across the GCC, and partly own a 15,000 km international fibre optic submarine cable system between Europe and India that links 12 countries across three continents.

FinTech