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

Kingdom launches digital economy policy to accelerate digital economy growth

The leading economy in the Middle East and North Africa region, the kingdom ranks among the largest economies in the world.

UAE-Israel greentech cooperation shows tremendous potential

Israel's record as a country with regard to green standards and clean energy is a mixed bag, but its start-up ecosystem is at the cutting edge of greentech and cleantech.

Italy's Gellify seeks Middle East start-ups with fund that could hit $50m

B2B software start-up focused accelerator and investor says it plans to recruit up to 30 regional businesses

Over 80 New Fintech Initiatives Joined Dubai International Financial Centre in H1 2020, a 75% YoY Increase

The Dubai Statistics Centre notes that activity in the nation’s hospitality and food services industries fell by 34.6% during H1 2020 when compared to the same time period from last year.

TAWAL adopts smart towers using Internet of Things to manage its infrastructure efficiently

This falls under TAWAL's digital strategy of being a pioneer on digitalizing the infrastructure operations in a more efficient and cost-effective manner

Consumers in the UAE excited about 5G technology

Due for an imminent boom in the global market, 5G tech boasts higher capacity, larger bandwidth and more security than any previous network infrastructure.

Riyadh labeled a top fintech ecosystem to watch by 2020 report

The report highlighted some factors as to why the Saudi capital enjoys a strong fintech ecosystem and is one of the top cities to watch within the sector.

QIIB adds more services for online banking

In an aim to target the group of customers who are minor, the new update dedicated a new service that allows customers to easily review the details of their minors’ accounts that are linked to their accounts through the mobile banking application.

New fintech startup offers chance to jump on property ladder from $544

The entry level for investors is 2,000 dirham, all the way up to a third of the value of an individual property.

Let's not judge 'Open Banking' by its title

It's definitely not about parceling out valuable consumer data for a fee

Are sceptics wrong at panning Bitcoin that hit a record $24,000 high?

Dizzying rally spurs the world’s largest cryptocurrency to surge over 300% in a year

Why Middle East investors should consider Northern Ireland’s fintech sector

The fintech sector is booming – supported in part by the Covid-19 pandemic – and Northern Ireland offers regional businesses a great platform for growth

Finverity teams up with Abu Dhabi Global Market

The collaboration will develop a proof-of-concept to improve the transparency and trustworthiness of UAE SMEs’ credit profiles to enable faster access and on better credit terms to working capital finance.

Mambu opens new office in the United Arab Emirates (UAE)

The new office, located in Al Khatem Tower at ADGM Square, Al Maryah Island, is said to bring together a wealth of talent and experience to help transform the UAE’s fertile market.

UAE's TruKKer gets $10mln funding from US-based Partners for Growth

The debt will be used to finance working capital needs required for the instant payment of thousands of transporters operating on TruKKer's network

Saudi Budget 2021 Commentary: Fintech will play a key role in Saudi diversification in 2021

“We believe fintech will play a key role in Saudi diversification in 2021, enabling faster transmission of credit and capital to fuel GDP growth, especially given ongoing consolidation within the financial services sector.

Central Bank of Oman opens fintech regulatory sandbox

A Fintech Regulatory Sandbox is a common and worldwide-used approach to achieve the objective of harnessing opportunities for innovation in the financial sector while mitigating the accompanying risks.

UAE Israel Business Leaders Summit: Fintech innovation cannot grow in an over-regulated environment

Gradual approach to creating regularoy framework will best suit sector

Businesses can’t let their cyber guards down

Even cutting-edge technologies of today will have some vulnerabilities as well

Al Salam Bank Bahrain and FlexxPay announce Sharia compliant solution

Employees with commission-based salaries will have immediate access to already-earned commissions.

FinTech