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

MENA Fintech Association appoints Bryan Zhang, Co-founder of Cambridge Centre

For Alternative Finance, to Advisory Board (Academic)

Al Baraka Bank to acquire 10% of Taly for digital payments within two months

The sources revealed that the bank is considering raising its stake in Al Tawfeek Financial Lease (AT Lease) to more than 10% during the coming period, explaining that the bank owns a current stake estimated at 7.5%.

UAE bank selects Paymentology for digital card services

The collaboration comes as the UAE undergoes rapid digital transformation, with 52 per cent of consumers planning to go cashless by 2024, according to Visa.

UAE based AI-powered full stack commerce and embedded finance firm Sterve forays into Oman

Sterve has got tremendous response in UAE where it is already working with more than 4000 businesses and their shopping webfront has reached to 450,000 end customers

The CBB issues a new regulatory framework for digital tokens

Further developing the crypto-assets market

Kuwait ministry warns against scammers using fake links to steal banking data

The ministry advised the public to make sure that the link they received ends with “moci.gov. kw”, not with “.net or .com” or any other domain extension.

Ride-hailer Careem in advanced talks with UAE's e& for Super App investment - sources

Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services

AI may affect 300 million jobs but will boost global economy and labour productivity

Adoption of artificial intelligence technology can increase annual GDP by 7% over 10 years

Women in tech: Tatiana Rahal, managing director at talabat UAE

Women should appreciate their own value and emulate that belief in everything they feel, think, do or say

Saudi Aramco signs deal with Samsung to localise industrial 5G communication networks

The MoU follows the recent launch of Aramco Digital Company, which aims to accelerate the digital transformation in the Kingdom, and the Middle East and North Africa (MENA) region.

B2B spend fintech Qashio launches in Saudi with Alinma Bank

The two firms say it is the first time that a Saudi bank has joined hands with a fintech company to provide solutions to its corporate banking customers.

Hub71 Startups Raise AED 4.5billion in VC as UAE Progresses to Become an Entrepreneurial Nation

By the end of 2022, our startups have raised more than AED 4 billion.

Switzerland’s digital asset bank Sygnum opens Middle East hub in Abu Dhabi

Company will offer concierge-style services to high-net-worth clients

nybl CEO participates in Dubai AI Advancement event

nybl is a deep-tech development company

Turning UAE’s New Free Zone Into a ‘Gateway’ for Global Virtual Asset Companies

This also enables it to function as a purpose-built, innovation-enabling free zone in the virtual asset sector.

Crypto news recap: RBI and CBUAE to Develop CBDC

peaking of adoption, RBI, and the UAE Central Bank sign a memorandum of understanding to develop a CBDC bridge for remittances and trade.

Tarabut Gateway and Rain Bring Faster Fiat-to-Crypto Transactions to Bahrain

The introduction of this new feature is also in line with Rain’s strategy to provide a seamless crypto wallet experience for its MENA users.

Saudi Arabia ranks first globally in digital information society 2023

The ministry passed three qualifying phases among more than 355 projects from more than 109 countries: official

Dubai is committed to fostering ecosystem for innovation, ideas and entrepreneurship to thrive: Sheikh Hamdan

Amazon announces that products of 100,000 SMEs will be displayed on Amazon.ae by 2026

Rain partners Tarabut Gateway for open banking API

Rain will make use of Tarabut Gateway’s open banking API to facilitate on and off-ramp transactions for users.

FinTech