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

Fintech firms dominate Saudi startup scene, attracting venture capitalists

Saudi fintech startups raised a record $150 million in the first half of 2021

Dubai fintech Sarwa closes $15mln in funding round led by Mubadala

Mobile platform will use new capital to grow team and launch new products

Dubai crypto platform BitOasis sees over $1.5bn trading in H1

BitOasis says it has seen a doubling of its user base in the last six months compared to the same period last year

Bahrain’s ila Bank Launches Five New Digital Banking Features

It permits two shares for each user in a collaborative digital savings tool inspired by a longstanding regional tradition.

Egypt: Fawry to acquires Banque Misr’s 15% stake in Fawry Plus

Fawry is an Egypt-based company that provides an electronic payment network.

Banking access: Cryptocurrency promise for UAE's unbanked migrants - but not yet

Every month, 24-year-old parking attendant Ramesh Giri waits outside a money transfer office in Dubai to send $US600 in cash to support his parents and two brothers in Nepal.

Dubai-based buy now, pay later platform tabby raises $50M at $300M valuation

Tabby is one such service and clearly the most known in the region.

UAE’s Payit partners with Platx for WhatsApp payments in the region

Merchants who enroll for this service can simply provide their WhatsApp enabled mobile numbers to their customers

Dubai watchdog gives regulatory nod to mobile investment app

Which aims to open up US markets to Middle East retail investors

ila Bank accelerates customer onboarding using the national eKYC platform

ila introduces a further simplified digital onboarding process, now requiring only one ID and a selfie, made possible by the Country's central eKYC platform and progressive digital infrastructure

Saudi CITC pushes for more tech company listings on Tadawul

The CITC is aiming to enhance the investment environment in the telecommunications and information technology sector, the postal sector and delivery applications

Fawry's OGM approves to buy Banque Misr, CIB stake in Fawry Plus

Fawry seeks to acquire Banque Misr's 14mln shares in Fawry Plus

NBK Named Best Bank in “Innovation in Digital Banking” in the Middle East

The “Innovation in Digital Banking” Award recognizes the outstanding efforts made by institutions in the area of innovation and digital technology

Predixa launches AI-driven diversity, equity & inclusion service

The analysis is bias-free, benchmarked and focuses on the most critical improvement areas – giving leadership a clear idea on the way forward.

Cash on delivery drops 85% as consumer trust in digital payments continues to rise: Visa

Egyptian consumers increasingly stepping away from cash, and putting trust in digital payments during COVID-19, according to 2021 Stay Secure survey Cash on delivery payments have dropped 85% during the novel coronavirus (COVID-19) pandemic, as consumer t

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