TECHNOLOGY

Santander hires Middle East private banking CIO

Spain’s Banco Santander has made an executive hire for its private banking business in the Middle East. Former HSBC executive Kamran Butt has been named...

Saudi tech fund targets semiconductor sector

Saudi Arabia is set to launch a US$266 million (SAR1 billion) investment fund designed to boost its semiconductor industry. The fund is part of the...

Mena AuM rises by 13% to $2.3trn

Assets under management (AuM) in the Mena region reached US$2.3 trillion in 2023, exceeding the global average. Globally, the asset management sector saw AuM rise...

Mena fintech group adds Qatar chapter

The Mena Fintech Association, a not-for-profit organisation advocating for the region’s startups, has launched a Qatar committee. The association has described the step as a...

PIF launches space company

Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) has announced a strategy to invest in the aerospace and satellite sectors. To this end,...

Singapore firm launches $100m Mena VC fund

Golden Gate Ventures, a Singapore-based asset manager, has launched a US$100 million venture capital (VC) fund aimed at startups in the Mena region. The Golden...

Investcorp raises $570m for tech fund

Bahrain-based alternative investment firm Investcorp has announced the close of its latest technology fund. The Investcorp Technology Partners (ITP V) fund raised US$570 million, exceeding...

Emirates NBD explores tokenisation

Dubai-based bank Emirates NBD has launched a pilot to explore the tokenisation of real world assets. The pilot will be led by the bank’s digital...

Constructor Capital opens first Mena office

Cayman Islands-based venture capital fund Constructor Capital has opened its first office in the Mena region. The tech-focused firm’s new office is based in the...

DFM unveils private markets investment platform

UAE-based stock exchange Dubai Financial Market (DFM) has launched a platform aimed at the initial public offerings (IPO) market. DFM Arena is aimed at private...