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

Al Salam Bank Bahrain and FlexxPay announce Sharia compliant solution

Employees with commission-based salaries will have immediate access to already-earned commissions.

Emirates Islamic launches digital banking platform

As a leading Islamic bank in the UAE and a key supporter of the leadership’s vision to make the UAE a global hub for Islamic banking

DigitalX signs MoU with Dell Technologies to collaborate around workforce transformation solutions for customers

Marwan Bin Haidar, Vice Chairman of Digital DEWA - Digital Sector, and Mohammed Amin, Sr. Vice-President - Middle East, Russia, Africa and Turkey at Dell Technologies, signed the MoU during the participation of DEWA and its subsidiaries at the 40th GITEX

The Arab Monetary Fund Holds a Virtual Workshop showcasing Buna's abilities to enhance and support the growth of the global payment industry

Attended by more than 200 senior officials representing Arab and international central banks and a wide spectrum of financial institutions

OneConnect enables fintech Innovation in Abu Dhabi Global Market's Digital Lab

The technology used by OneConnect to support the construction of ADGM Digital Lab is derived from Gamma O, OneConnect's own open platform aiming to link developers, Fintech services providers and financial institutions.

DIFC grants Ebury financial services licence in fintech first

The licence will allow Ebury to enhance the services it offers SMEs in the region, and to do it in or from the DIFC.

Five nations unite to launch the Digital Cooperation Organization

The event was attended by H.E. Houlin Zhao ITU Secretary General and H.E. Borge Brende, President, World Economic Forum.

Emirates NBD makes mobile banking app available on Huawei AppGallery

These features are further reinforced by the HUAWEI AppGallery, which provides a safe platform for finance apps through its full-cycle security and protection system.

Cyber risk is new threat to financial stability: IMF

Under extreme scenarios, investors and depositors may demand their funds or try to cancel their accounts or other services and products they regularly use.

Is 'buy now, pay later' the future for Gulf digital payments?

Fintech provider Tabby wins $23m funding to grow its 'instant credit' network

Under threat from digital challengers, Middle East banks revamp processing platforms

The momentum is aided by legislation mandating payment of salaries into accounts instead of cash, for example in the UAE, said Francesco Burelli, a partner at Hamburg-based Arkwright Consulting.

French digital payments company IDEMIA snaps up Saudi company

Saudi Arabia's Pcard is into card personalisation services

Codebase and AMF publish Mena open banking report

It combines insights from the Open Banking Working Group of the MFTA and the Arab Regional Fintech Working Group.

New Microsoft research: Is hybrid work here to stay?

Large study finds working remotely increase productivity and supports talent retention

QLM to focus on digitisation, network expansion in growth plan

QLM’s provider network has expanded and is considered to be the largest in Qatar and the wider Gulf Co-operation Council (GCC), with over 75,000 healthcare centres spanning 103 countries, across six continents.

Bank Hapoalim CEO optimistic about Israel UAE technological future

"We are learning quickly, we are thinking globally," Dov Kotler, Bank Hapoalim's CEO said, referring to to the mutual investments born out of the Abraham Accords.

Gulf cyber threat grows as region embraces cashless payments

With 2020 seeing an acceleration in the shift to electronic banking and payments, cybersecurity has taken on unprecedented importance

Avaya and Kuwait's Gulf Bank embrace 'multi-experience' approach

The move is part of the bank's mission to strengthen its market differentiation through better customer and employee experiences

Qatar FinTech Hub moving towards self-sustainability

The QFTH’s incubator programme has shortlisted 11 early stage startups, while the accelerator programme has shortlisted 12 mature startups, with a number of Qatar-based FinTech startups also joining the programmes.

Central banks of UAE, Saudi Arabia to launch project for common digital currency

In addition it will experiment with the direct utilize and application of technologies for example, distributed ledgers.