First robo-adviser in DIFC gets approval

Robo-adviserSarwa Digital Wealth, a robo-advice firm, has gained in-principle approval for a new type of licence in the Dubai International Financial Centre (DIFC). It is the first example of an “innovation testing licence”, which was created by the DIFC's regulator to meet the needs of start-up companies working in financial technology. Sarwa was one of 12 start-ups to participate in an accelerator programme launched by the DIFC in January called FinTech Hive. Raja Al Mazrouei, acting executive vice president of the programme, said Sarwa's impending licence was “a true testament to the success of FinTech Hive”. Sarwa's online service asks users questions to determine their investor profile before creating a personalised, low-cost portfolio, which users can manage on the website. The service promises, “no hidden fees, no additional transfer, trading or rebalancing fees so we don’t eat away your savings”. ©2017 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.


MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.


Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.