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

Oman and Its Fintech Environment in 2022

Compared to the rest of its neighbours in the GCC, Oman appears to be a late comer in regards to its fintech ecosystem’s development.

GCC Series: High Smartphone Penetration, Govt Support Boosts UAE’s FinTech Growth

One area where the UAE especially leads is in the field of mobile banking, where a high level of smartphone penetration and a healthy retail environment have allowed digital-first banking apps to flourish.

Newly launched Shariah-Compliant Islamic coin wins the ethics debate

"Do not withhold your money, for If you do, Allah will withhold his blessings from you" Sahih Al-Buhari 1443

Bahrain's Solidarity launches mobile application

The mobile application comes in line with Solidarity’s continuous endeavuors towards enhancing customers’ digital experience through facilitating the online services

Saudi STC raises number of 5G sites by 132%, records 55% increase in network usage on day of Tarwiyah

The stc Digital Operations Control Center monitored the transfer of services through the latest networks according to the strategy set by the company

UAE launches NextGenFDI to attract world’s top digital companies

The campaign would encourage more than 300 global technology firms to relocate to the UAE

UAE’s YAP secures $41m to support continued expansion

The start-up’s app offers budgeting and spending analytics tools, card controls, easy money transfers and real-time notifications of purchases, as well as debit, pre-paid and virtual cards.

Fable Fintech forays into Bahrain with Batelco Financial Services

As per the partnership, Fable embedded its Growth Suite directly into BeyonMoney to make the global remittances – instant, easy and convenient for Batelco’s customers.

Saudi edtech startup AlGooru raises $1.8m in seed funding

Founded in 2021, the company is planning to utilize its funding by widening its offerings as well as expanding further in the Kingdom, MAGNiTT reported.

Qatari startup Rimads wins InsurHack MENA 2022

QSTP-supported healthcare solution Avey recognized at inaugural competition for regional innovation

Amazon Egypt, amazon.eg, launches valU’s BNPL services in Egypt

Consumers can avail convenient installment plans up to 60 months

CoinMENA joins Visa’s Fintech fast track program

The company will also leverage the Visa Fintech Fast Track program to introduce a series of partner initiatives specifically designed to simplify onramp and offramp operations for its users.

Blockchain technology finding its way into digital advertising

MEmob+ integrates blockchain and now accepts crypto payments

Loan Financing Company turns to ICSFS for core banking tech

“We will be providing our utmost efforts to see LFC as a pioneer in the Saudi market.”

Egypt launches digital system to manage fuel supply in cooperation with e-finance

The electronic withdrawal service has been made available at 400 petrol stations across the Republic

Mashreq talks gamification, trading crypto and teenagers

Having launched a new digital bank account for Generation Z, the UAE’s oldest privately owned bank has plenty of modern ideas in the pipeline

The first neo-financial institution in KSA opts for ICS BANKS Digital Platform from ICSFS

The LFC has received a no-objection letter from the Saudi Central Bank

The Key to Solving MENA Banking Challenges Starts With Regulators

There was a lack of technical infrastructure, as the market was served by legacy processors that were used to serving banks for 20 years and didn’t know how to engage with FinTechs.

DigiDoe launches operations in Qatar

DigiDoe has put the world’s central and commercial banks firmly in its sights

Bahrain in talks for cloud computing, FDI deals

Bahrain, which since 2018 has hosted a large AWS centre - the first in the Middle East, has introduced a "data embassy law"