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

Oman embraces cashless future as mobile payments surge

Financial literacy is emerging as a critical balancing factor.

Saudi Arabian bank, SAB launches first Islamic Repo on blockchain

The total number of valid business records in KSA reached 1.72 million.

Wio Bank Partners with Xero to Enhance Accounting for SMEs in the UAE

Real-time insights ensure an accurate view of overall financial health, making it easier for business owners to make more informed decisions.

Central Bank Approves Misr Digital Innovation’s Transition to onebank, Egypt’s First Fully Digital Bank

The bank intends to use technology that meets the demands of a digital-first environment.

Doha sees surge in startup activities, innovation

International recognition underscores Qatar’s progress in fostering a vibrant startup ecosystem.

Misr Digital Innovation secures approval for Egypt’s first fully digital bank

The launch of onebank's products and services is anticipated in 2026.

Smart infrastructure upgrades bolster Qatar’s national goals

On the other hand, the risks remain with a global shortage of high-end AI chips

Wio Bank launches direct integration with Xero to simplify accounting for UAE businesses

It also improves cash flow visibility through seamless invoice matching, while real-time insights offer an up-to-date view of financial health

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

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