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

Dubai launching crypto valley in tax-free zone

The launch of the Crypto Valley in DMCC will support the wider strategy of the UAE government to attract the innovators that will shape the future economy.

UK Plans to Support Qatar in Becoming Major Fintech Hub, Says Lord Mayor of the City of London

Russell went on to note that the UK was grateful for the support that it has received from the State of Qatar, and acknowledged its aspirations of becoming a major Fintech hub.

Qatar announces ban on Cryptocurrencies

The ban, however, has not been extended to security tokens, which ultimately remain unimpacted in the sector.

Africa and Middle East to invest $15B by 2023 in blockchain, AI: Report

Blockchain has become an area of interest for most governments in this region, with many seeking to incorporate it into their digital transformation initiatives.

Accenture Middle East launches tourism innovation hub in Dubai

Millions of people will visit Expo 2020 Dubai, and with 70 percent expected to come from abroad

85% of banks to embed artificial intelligence by year-end in bid to streamline know-your-customer procedures

The increasing reliance on cloud across the industry has given rise to cloud marketplaces.

Egypt’s Oldest Bank Taps Ripple Remittance Solution

Egypt's oldest bank, the National Bank of Egypt is adopting Ripple blockchain remittance solution as blockchain utilization spreads.

Fintech to help SMEs get more access to funding, says QDB chief

During the panel, al-Khalifa underscored the role of QDB in providing financing opportunities for SMEs, as well as a wide range of facilities, training, and advisory services to help small companies grow their businesses.

MOU signed between Commercial Bank of Kuwait and Zain Group

The telecom company said that it will provide, under the MoU, a set of the latest innovative cloud solutions to enhance the digital infrastructure of Commercial Bank

Deloitte showcases latest in AI technology in Dubai

Google, SAP, Informatica and Cloudera are among official sponsors of Deloitte's Experience Analytics event

Extreme Networks doubles its investments in the Middle East

Extreme Networks has set its sights on the Middle East to help partners and customers on their path to the autonomous enterprise with its cloud-driven, end-to-end networking solutions

Dubai gets new cyber risk information sharing platform

The new cyber threat intelligence platform was showcased for the first time last month by the Dubai Financial Services Authority.

Saudi Arabia’s Global Cybersecurity Forum aims to ensure safer cyberspace for all

The National Cyber Security Authority also signed MoUs with the NEOM company

Fintech company Beehive causing a buzz in the SME world

The platform directly connects businesses looking for finance with investors that can provide funding support for their growth

Hub71 announces new corporate engagement program with Aldar and ADCB

Hub71 launches new Corporate Engagement Program for startups

Egypt- CIB deploys digital solutions to revolutionise banking sector

CIB's Innovation Lab is positioned as the FinTech and Entrepreneurship Hub within the Banking Sector given its strong presence in the ecosystem via its contribution to all the sound incubators and accelerators in the market

NBK First Bank to Launch 'Garmin Pay' Service in Kuwait

Al Othman: The new service comes as part of NBK's efforts to introduce customers with easy, innovative and time-saving payment solutions

Rise of robots: Most UAE residents fear they will be out of work in ten years

New survey says growing adoption of artificial intelligence (AI), automation will put professionals out of work

Standard Chartered, Bahrain FinTech Bay to foster startups in the region

The FinTech space in the Middle East and North Africa (MENA) region is expected to have strong growth prospects where it is estimated to receive private-funding investments worth $2 billion in the GCC over the next decade.

Saudi Aramco invests $5m in oil blockchain VAKT

Saudi Aramco is one of the largest companies in the world by revenue and recently had an IPO of 1.5% of its stock, giving the entire organization a valuation of $2 trillion.