Posts From Fintechnews Middle East

Kuwait Launches its Own Fintech Sandbox to Stay Competitive Among Gulf Nations

His Excellency, Dr. Mohammad Y. Al-Hashel, the Governor of the Central Bank of Kuwait has announced that the bank has issued a Regulatory Sandbox Framework for fintech companies. With a goal of spurring firms to experiment with emerging sectors in the

Read More

3 Key Ways Bahrain’s Central Bank is Trying to Woo Fintech Startups

Over the years, Bahrain has become a significant fintech presence in its own right, and seems set on entering a new phase of growth. The region launched its own fintech hub that has housed some amazing projects, and in more

Read More

BEAM Wallet Acquired by Dubai Based Property Giant Majid Al Futtaim

Mobile wallet player BEAM was recently acquired by Majid Al Futtaim, a Dubai based property firm which owns and operates 23 shopping malls, 13 hotels and 4 mixed-use communities. The acquisition comes with full ownership of Beam’s IP rights, branding and

Read More

Gulf Based Fintech Startups to Attract US$ 2 Billion in The Next Decade

Investments in Gulf-based fintech startups are expected to reach US$ 2 billion in the next decade, compared to a mere US$ 150 million invested in the last 10 years, according to a new study by MENA Research Partners (MRP). The

Read More

ADGM Signs MOU with Central Bank of Bahrain to Promote Fintech

Central Bank of Bahrain seems going on partnership spree this as week as they sign yet another MOU with Abu Dhabi Global Market following their earlier partnership agreement with the Monetary Authority Singapore. The agreement was signed in Manama, Bahrain

Read More

Bahrain and Singapore’s Regulators to Join Hands Fostering Fintech Innovation

The Central Bank of Bahrain (CBB) and the Monetary Authority of Singapore (MAS)  signed a Memorandum of Understanding (MOU) to foster innovation in financial services between the two countries. This follows Bahrain’s series of strategies to bolster its fintech sector 

Read More

Bahrain Has Big Plans for its Fintech Industry and Startups

The government of Bahrain wants to make the country the go-to place in the Middle East for fintech companies and it’s betting on its banking know-how to help it establish a healthy fintech ecosystem. Bahrain has one of the freest

Read More

With US$12.2 Mil Investment, This Singaporean Robo Advisor is Setting Up Shop in Dubai

WeInvest, a Singapore-based digital wealth services and robo-advisory firm, announced that its next phase of expansion will be into the United Arab Emirates (UAE). WeInvest combines robo-advisory and software-as-a-service for banks, wealth and asset managers, insurance companies and independent financial advisors. WeInvest

Read More

Deutsche’s DWS Acquires 15% Stake in Neo to Strengthen Middle East Presence

DWS Group a subsidiary of Deutsche Asset Management entered into a binding agreement to acquire 15% stake in Neo Technologies, a fintech firm operating in the digital asset management space within the MENA region. Neo Technologies operates a platform-as-as-service model

Read More

Robo Advisor Sarwa is The First to Graduate Dubai’s Sandbox

After nearly 12 months of testing, robo-advisory firm Sarwa has become the first participant to graduate from the Dubai Financial Services Authority’s (DFSA) sandbox. Sarwa’s services much like most robo-advisor offers consumers automated investing that matches the user’s risk appetite

Read More