Forbes Middle East - English - April 2023
Forbes Middle East - English - April 2023
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In this issue
Forbes Middle East - April 2023 - English
5 Billionaires Investing In Fintech
The aggregate net worth of these five billionaires-who are all investing in the Fintech sector-declined by $25.7 billion in over a year, hitting $50.4 billion on March 14, 2023, down from $76.1 billion on March 11, 2022. Here's how their fortunes have changed. Net worths are as of March 14, 2023.
2 mins
Notable National Fintechs In MENA
MENA's central banks are disrupting Fintech, laying the groundwork with regulations and launching national gateways to help move to cashless economies. Here are five national payment gateways owned by central and public banks in the Middle East.
2 mins
The Price Of Authenticity
Twitter and Meta are now charging a fee for account verification, while other major networks like YouTube, TikTok, and China's WeChat are sticking to a free verification model-for now.
1 min
40 Years Of Silicon Valley Bank: From Fame To Failure
The collapse of Silicon Valley Bank (SVB) has sent shock waves through global financial systems, leaving many to wonder how the U.S.'s 16th largest lender in terms of assets, which served thousands of innovative tech startups, could break. Here's a brief look at how the now-defunct bank rose to fame and fell to ruin.
3 mins
The Nuclear Option
Old-fashioned fission may be the best way to wean the world off fossil fuels. So BRET KUGELMASS wants to deploy 10,000 inexpensive, off-the-shelf microreactors but not in America.
5 mins
POWER SHIFT
Mark Chahwan, Nadine Mezher, and Jad Sayegh, Cofounders of the U.A.E.-based investment platform Sarwa, have raised $25 million in total funding since establishing their Fintech in 2017. Buoyed by a consumer shift towards digital banking and trading, they're now looking at new ways to scale while navigating an evolving ecosystem.
7 mins
PAYING IT FORWARD
Ashraf Sabry, Cofounder and CEO of Fawry for Banking Technology and Electronic Payments (Fawry), Egypt's largest e-payments network, has had a significant impact on introducing Fintech to the cash-centric country. Despite the backdrop of an economic downturn, he's continuing to ride the digital wave toward banking the unbanked population.
7 mins
THE MIDDLE EAST'S TOP 30 FINTECH COMPANIES 2023
MEET THE REGION'S MOST INNOVATIVE COMPANIES USING THE LATEST TECHNOLOGY TO DIGITIZE BANKING, FINANCE, AND INVESTMENT.
10+ mins
THE MIDDLE EAST'S 50 MOST VALUABLE BANKS 2025
This year has been a tough one so far for the global banking sector, with the collapse of Silicon Valley Bank flaming fears of a contagion effect.
4 mins
A Journey Through Time
Set amongst sand rock formations, ancient dwellings, and monuments that have been carefully carved by the hand of nature, AlUla tells the story of a city that has remained the meeting place of ancient civilizations.
5 mins
Forbes Middle East - English Magazine Description:
Publisher: Forbes Middle East
Category: Business
Language: English
Frequency: Monthly
Forbes Middle East is here to fill the vacuum for credible, original and intelligent journalism. Forbes Middle East's Arabic and English versions will reach out to all senior business executives and aspiring individuals who want to succeed!
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