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

Dubai Internet City firms attract over $2.1bn since hub's launch

Senior exec says business hub is playing key role in contributing to the UAE's technology journey

GFH-Bahrain FinTech Bay partnership launched

GFH will work closely with BFB to improve the acceleration of FinTech development in the Middle East along-side other top-tier regional and global financial institutions and technology industry leaders.

Bank initiative seeking to remove Dh65.4 billion in cash from UAE streets

Klip digital wallet to be rolled out in UAE this year

Citi accelerates implements its global digital strategy in UAE consumer and wealth business

Bank targets more emerging affluent and rich clients in the region

UAE Cybersecurity Firm Doubles Revenue to $400 Million

The firm, which earns about 80 percent of its revenue from U.A.E. government contracts, plans to grow from 650 to 900 employees by the end of the year, Chief Executive Officer Faisal Al Bannai told Bloomberg in an interview.

Achieving innovation in Islamic Economy

Islamic economy can redirect national economies from risk-taking to sustainability

Wealth Migrate to present blockchain-based global real estate platform at Finovate Middle East

The platform simplifies the entire real estate discovery and transaction process from taxation and structuring through to meeting KYC and AML verification requirements for cross-border transactions.

Cryptocurrencies are Here to Stay: Dubai Has Spoken

The blockchain technology has proven itself and is here to stay.

Saudi blockchain pilot could save banks up to $400m per year, Moody's says

Central bank inked deal with Ripple last week to use blockchain for cross-border payments

Tech Firm C5 Accelerate Is Looking To Power Up Fintech In Bahrain

The government has been a fundamental driver, especially in nascent innovation ecosystems such as in Bahrain and the MENA region in general.

Kuwait Finance House Goes Live With (ITS) ETHIX-Net - Alkheshnam: “ETHIX-Net Delivers A New Generation Of Online Banking”

The product is designed to be one of the core components that help Banks to transform and adapt their business in the new Digital Transformation age.

Bahrain to launch electronic salary transfer system

An electronic salary transfer system will be launched in May to ensure the wages of private sector employees are protected.

Lebanon hops on the crypto train

Entrepreneurs aspire to tackle the digital economy on six fronts

Keeping up with the robots

Automation may pose a threat to jobs, but it also puts an added psychological pressure on staff who have to keep pace with the robots

Blockchain-based payments ideal for Bahrain

The project is not meant to go live with a big bang go-live approach where you have 40 entities onboard because that would be a catastrophe, that is why you go step by step, we want to start with two and go from there.

SGBL goes digital with Backbase

The bank’s mission is to engage its customers -from retail to professional and corporate- with a range of new services and self-service capabilities across all channels.

Singapore, Egypt sign fintech cooperation pact

The pact also establishes a framework for exploring joint innovation projects and for sharing information on emerging fintech trends.

Saudi startups have wider funding options amid huge fund volumes

These options encourage startups to adopt new alternatives for providing flexible funding opportunities, thus assisting them in building and developing investment plans, he added.

World's first 'cold storage' vault for digital currency launched in Dubai

All forms of crypto-commodities can now be stored offline with insurance at vault in Almas Tower, Dubai – the headquarters of DMCC

Gold trader gets Dubai licence to trade and store cryptocurrencies

Gold trader Regal has become the first company in the Middle East to be awarded a licence by DMCC to trade in cryptocurrencies.