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

Binance receives licence from Abu Dhabi regulator

The permission will enable Binance to provide custody to professional clients, provided they meet the conditions of the FSP as outlined by FSRA

Digital bank Liv. offers region’s first in-app IPO subscription service

The initiative aims to support investor participation for upcoming listings

UAE’s Invest Bank Selects Temenos Banking Cloud to Accelerate Digital Transformation with NdcTech

Invest Bank will be one of the first in UAE to run digital and core banking on a SaaS platform

Cisco to demonstrate latest range of security innovations at Black Hat MEA 2022 in Saudi Arabia

Cisco will highlight how organizations can be more productive, efficient, and profitable as they invest in enhanced security solutions

Saudi Arabia’s PIF ups stakes in Meta and Alphabet in Q3

The fund is a driving factor behind Saudi Arabia’s growth for several years

Crypto's FTX CEO looking at all options as Binance deal collapses

The cryptocurrency market has fallen by about two-thirds from its peak to $1.07 trillion

World must take cyberattacks as seriously as terrorism, Saudi energy minister warns

The comments came as Fahad Al-Jutaily, CEO of cybersecurity firm sirar by stc, warned an attack is being launched somewhere on the planet every 11 seconds.

Egyptian credit platform Blnk raises $32 million

The funds will support further development of Blnk’s Artificial Intelligence-powered lending infrastructure and the financing of the company’s fast-growing portfolio of customers.

Saudi Arabia unveils open banking framework

The open banking programme is part of a wider fintech strategy - part of Saudi Vison 2030 - that is seeing the Kingdom push to become a global financial technology hub.

QIB introduces Samsung Wallet to customers

QIB brings more mobile payment choices to its customers by introducing Samsung Wallet to tap and pay on the go using Samsung devices

Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license

The MENA Open Banking market is anticipated to grow with an average CAGR of 25% to reach $1.17Bn by 2027

Digital payments surge 34% to $8.5bln in Bahrain

Contactless payments dominate POS transactions in the kingdom

Binance CEO sees no threat to crypto from central banks' digital currencies

Most major central banks are studying the potential launch of a digital version of their currencies, dubbed CBDC

Mashreq partners with FinIQ

To enhance client experience with an Integrated Wealth Management platform

How one UAE-based fintech is looking to process $200bln in trade finance

Fintech startup Modifi has quadrupled its growth over the past two years by bridging the trade finance gap in the MENA region and around the world

Saudi Central Bank licenses new fintech company to provide e-wallet service

This brings the total number of payment companies licensed by SAMA to 22

Saudi wealth fund launches $24bn tech fund

The announcement was made at the Future Investment Initiative, a flagship event for the region's financial services industry.

ICM.com launches an investment opportunity in Empower IPO

The world’s largest district cooling services provider

UAE's central bank pilots cbank digital currencies transactions

Central banks around the world have been racing to develop CBDCs as they seek to provide an alternative to cryptocurrencies, but are grappling with technological complexities

Meta gives tepid revenue forecast as ad weakness persists

In the third quarter, Meta posted revenue of $27.7bn, slightly beating analysts’ average estimate for $27.4bn

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