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

Crypto payments outfit Ripple secures key Dubai licence

The entity, a leader in enterprise blockchain and crypto solutions, will be the first blockchain-enabled payments provider licensed by the DFSA

SME BankDhofar partners with Smartech to launch advanced POS solutions for SMEs

This helps businesses maintain accurate financial records and gain better control over their cash flow

Doha Bank unveils fintech, innovation hub to drive QNV 2030

Doha Bank’s award-winning digital portal has already established a strong foundation for fintech partnerships

Oman sovereign wealth fund invests in US biotech firm Tidal Vision

Fund among investors in Tidal’s $140 million fundraising

Serenity launches world-first Biometric-Secured Blockchain Card

DeDaSP specialist revolutionizes secure data storage with sAxess

Emirates NBD enters the digital asset space offering crypto on the Liv X App

New crypto offering, launched in partnership with Aquanow, strengthens the Group’s innovation arm and its vision of being a pioneer in combining innovation and trust

SC Ventures partners with Visa to support SME growth and innovation in the MENA region

The SME sector in the Middle East is evolving, with businesses moving beyond traditional industries such as trading and construction

MoneyHash named a UAE Future 100 winner, recognized for driving innovation in the fintech sector

The company's unified API and streamlined checkout experience address the complexities of payment infrastructure in the MEA region, empowering businesses to thrive

Basata raises equity in Jordan’s Madfoatcom to expand regional business

Invest Qatar and Naseej for Technology to jointly drive digital innovation and growth

This collaboration outlines a strategic framework for cooperation in advancing human capital, enhancing digital capabilities and fostering innovation in key sectors.

Doha Bank launches digital account opening via Mobile Banking app

The cutting-edge service enables customers to open a bank account seamlessly from their smartphones, reflecting Doha Bank’s commitment to innovation and customer-centric digital solutions.

Fawry launches e-wallet deposit, withdrawal service via partnership with Banque Misr, EBC

The new service enables customers who hold e-wallets from any bank or financial institution to easily perform cash in and out interoperable at electronic points of sale available through Fawry's network

Alinma Bank signs with IBM for hybrid cloud and AI integration

IBM and Alinma Bank announce that Alinma Bank, a leading financial institution in Saudi Arabia, has adopted IBM’s advanced hybrid cloud and AI integration technologies.

DGHR signs MoU with Digital Dubai Authority to enhance joint cooperation

In advancing digital transformation goals across government entities

KPMG expands PREVA accounting service into Saudi Arabia, Jordan and Lebanon

PREVA is designed to bridge this gap, providing CEOs, founders and leadership teams with an accounting foundation.

Saudi BNPL fintech Tabby raises $160m Series E, IPO plans reportedly underway

Wellington Management previously spearheaded Tabby’s $200 million Series D in 2023, which saw the company achieve unicorn status with a valuation of $1.5 billion.

Saudi fintech firm RasMal nets $4.8m pre-series A

The funding will enhance automation in equity transfers and fundraisng, aligning with Saudi Vision 2030’s goal of developing a tech-driven financial ecosystem.

Why is Top Fintech Talent Considering Moving to the Middle East?

At that time, the venture capital (VC) scene in the region remained very small.

Google Cloud and Accenture launch Generative AI Center of Excellence in Saudi Arabia

Now, Saudi Arabia has been unveiled as the next location (and first in the Middle East), with the initiative set to provide a major boost to the Kingdom’s generative AI scene.

Al Rayan Bank selects Finastra to upgrade its core banking solution for enhanced Islamic finance services in Qatar

The bank will upgrade to Finastra’s next-generation core banking solution as part of its technology transformation journey

FinTech