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

Value of digital economy in MENAP could reach $700bln by 2030

Redseer Consulting says a funding gap of $20 billion must be resolved to fulfil potential of $200 billion opportunity

Oliver Wyman highlights the digital trends defining the future of the GCC

Experts compile eight themes powering public sector ambitions in the digital space

iGTB Virtual Accounts 2022 set to transform digital banking at major Qatari bank

iGTB Virtual Accounts 2022 co-exists seamlessly with the bank’s existing product processors and channel solutions

Abdulaziz Fahad Al-Jouf, founder and CEO of payment processing company PayTabs

PayTabs is a key player in the region’s e-commerce sector with global ambitions

Mashreq Partners With Sharjah Investors Services Centre To Bring Banking Support To Local SMEs

"It will enable us to expand our services to 60,000 SMEs who are currently operating in Sharjah, contributing to our growing GDP which is currently valued at AED 133billion."

Egypt state banks setting up $85mln fintech innovation fund

Legislative and regulatory changes in Egypt over the last two years have paved the way for a surge in fintech investments and a change in the way the country's largely unbanked citizens do business

How Dubai’s largest bank plans to add momentum to emirate’s IPO push

Emirates NBD announces the launch of a new IPO platform to support investors

Finastra to Build Model Digital Bank for Union of Arab Banks

The model digital bank will also be designed to enable the fulfilment of several of the UN’s Sustainable Development Goals (SDGs).

Banque Misr, National Bank of Egypt, and Banque Du Caire lead investment in new fintech fund

Launch of ‘Nclude’ by Global Ventures to accelerate Egypt’s Fintech innovation.

Arab Monetary Fund Names RippleNet As Potential Alternative to Central Bank Digital Currencies

If a CBDC is used outside of its jurisdiction successfully, this could lead to a local currency losing its function as a medium of exchange, unit of account, storage of value and eventually raises financial stability risks.

Unit of Egypt’s largest bank invests in fintech

Worldwide, there has been rising interest in fintech and last-mile-delivery African startups to capitalize on the massive number of individuals without bank accounts in the continent.

Dubai’s Shuaa Capital acquires controlling stake in fintech Souqalmal

This programme is currently offered by MAF, Careem, and Emirates Catering to their employees.

IFC invests $5mln in Egypt fund to support fintech startups

The Cairo-based venture capital invests in fintech and fintech-enabled startups

This is the year cryptocurrency will come of age in the Middle East

The exchange, which is backed by Al Waha partner funds VentureSouq and Middle East Venture Partners and 500 Startups, raised $110 million in a Series B round co-led by Kleiner Perkins and Paradigm, the largest crypto fund in the world.

UAE billionaire Sajwani to invest $1bln in building data centres

Property tycoon to develop facilities in Europe, Asia, Africa, Middle East

Irish fintechs go on display in Dubai

Enterprise Ireland is proactive in supporting its Fintech sector to thrive and be competitive globally.

Mena economies can add up to $1.6tn over 30 years by fully digitalising: World Bank

The benefits of digital adoption will also lead to a surge in new jobs, lender says

Saxo Bank launches new SaxoInvestor platform for GCC region

Platform offers access to Stocks, ETFs, Mutual Funds, Bonds, Cryptocurrencies and Managed Portfolios supported by a wealth of information and analysis

Global FinTech funding rose 68% in 2021 on record deals, KPMG says

A total of 5,684 transactions worth $210bn were signed last year amid growing interest in subsectors such as payments and blockchain

QCB studying digital currencies and digital banking: Official

In the next couple of months, there will be greater understanding about the future focus of QCB.