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Microsoft has partnered with the Government of Kuwait to enhance digital transformation through an AI-powered Azure Region, aligning with Kuwait’s Vision 2035. This initiative will boost local AI capabilities, attract global businesses, and establish a Microsoft Technology Innovation Hub, including an AI Innovation Centre and a Cloud Centre of Excellence.Additionally, the government will implement Microsoft 365 Copilot for employees to improve efficiency and decision-making, while also launching the Cybersphere initiative to bolster cybersecurity and a skilling program for the workforce. This collaboration aims to foster a diversified digital economy and stimulate sustainable growth.
GCC banks are poised for strong performance in 2025, driven by robust capital strength, economic diversification, and significant project pipelines. With GDP growth projected at 3.5% and improved credit conditions following US monetary easing, the sector is set to benefit from rising credit growth and stable margins. Key markets like Saudi Arabia and the UAE are experiencing strong loan growth and deposit inflows, while Qatar's banks remain well-capitalized to support expansion.
Forbes Middle East has released its Top 40 Asset Managers list for 2025, highlighting leaders in the investment sector who collectively managed over US$439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top position with US$63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp and Waleed AlRashed AlHumaid of Al Rajhi Capital. The ranking emphasizes the dominance of Saudi Arabia, which hosts 19 of the top firms, while Kuwait and the UAE each contribute six.
Forbes Middle East has released its Fintech 50 list for 2025, highlighting the region's top innovators in digital financial services. Leading the ranking is Saudi-based Tabby, valued at $3.3 billion after a $160 million funding round, followed by Egypt's Fawry and Saudi Arabia's Rasan. The list features firms from 11 countries, with the UAE, Egypt, and Saudi Arabia representing 70% of the entries.
Forbes Middle East has unveiled its Top 40 Asset Managers for 2025, highlighting leaders who collectively managed over $439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top spot with $63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp at $53 billion. Saudi Arabia dominates the list with 19 representatives, showcasing the region's growing influence in real estate, sukuk, and private equity.
Forbes Middle East has unveiled its Top 40 Asset Managers list for 2025, spotlighting key figures in investment management across the region. These managers collectively oversaw over $439 billion in assets in 2024, with Saudi Arabia leading the list with 19 entries, followed by the UAE and Kuwait with six each. The ranking evaluated factors such as assets under management, growth, leadership experience, and achievements, favoring independent firms.
Kuwait's startup ecosystem is rapidly evolving, supported by visionary investors and government initiatives like New Kuwait Vision 2035. With over $22 million raised in 2024 across sectors such as e-commerce and healthtech, the landscape is ripe for innovation, despite challenges like limited later-stage funding. Key players include Arzan Venture Capital, Faith Capital, and Angel Match, each focusing on various sectors and stages of investment.
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Valu, Egypt's leading financial super-app, boasts over 700,000 active users and has launched co-branded credit and prepaid cards, achieving 1.2 million transactions in a year. The fintech ecosystem is expanding with new products like Ulter and Shift, alongside a growing merchant network of 7,000 retailers and 2,000 online stores. In the MENA region, fintech is evolving beyond payments and lending, with a focus on wealth management and AI-driven services, while companies like MyFatoorah and MNT-Halan are making significant strides in payment solutions and lending, respectively.
Binance has secured a historic $2 billion investment from UAE-based MGX, highlighting the fintech boom in the MENA region, where 119 startups raised $700 million in 2024. Key players like Tabby, Fawry, and Rasan are leading the charge, with significant growth in digital payments, BNPL services, and insurtech, setting new benchmarks in the global fintech landscape. The future looks promising, with expectations of more unicorns and international expansions on the horizon.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
microsoft partners with kuwait government to drive ai transformation and growth
09:47 21.03.2025
GCC banks poised for growth in 2025 amid economic reforms and projects
11:04 18.03.2025
top asset managers in the middle east for 2025 unveiled
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KFH Capital REIT
KAMCO Investment Company K.S.C.P.
SNB Capital
EFG Holding
Investcorp AI Acquisition Corp.
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Faisal Mansour Sarkhou
Tariq Al-Sudairy
Karim Awad
Mohammed Mahfoodh Al Ardhi
Mazin Baghdadi
Waleed AlRashed AlHumaid
Faisal Al Hamad
Hisham Ahmed Al-Rayes
Rashed Sharif
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10:12 18.03.2025
top fintech companies in the middle east for 2025 revealed
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middle eastern asset managers shape financial landscape with significant growth and innovation
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Albilad Capital - MSCI US Tech ETF
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Faisal Al Hamad
Abdulaziz Almarzooq
Naif Almesned
Rashed Sharif
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08:31 17.03.2025
forbes reveals top 40 asset managers shaping investment in the region
08:00 17.03.2025
kuwait's startup ecosystem thrives with emerging investors and innovative opportunities
07:07 17.03.2025
fintech growth in mena highlights emerging players and innovative solutions
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20:23 16.03.2025
fintech boom in mena drives innovation and investment in 2024
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20:23 16.03.2025
fintech growth in mena highlights emerging players and investment opportunities
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ARE
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OMN
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Mounir Ikram Nakhla
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Walid Hassouna
Abdullah Aldabbous
Moayad Alfallaj
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19:42 16.03.2025
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