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Middle East
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Brokers
Tickmill Opens Kuwait Office as Brokers Eye Gulf Market Growth
2025-10-23T08:23:46.677+02:00
The online broker has launched its second Gulf office in recent months, setting up operations in Kuwait City's business district.
The move comes as trading platforms compete for market share in the Middle East, where retail trading activity has climbed in recent years.
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Exchanges
CME Group Opens Dubai Hub to Tap Middle East Trading Demand
2025-10-15T08:56:42.334+02:00
The derivatives giant launches DIFC office as regional volumes climb 16%.
The Exchange operator names veteran Sharif Jaghman to lead Middle East and Africa operations.
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Brokers
DHF Capital Partners with UAE Broker Tauro Markets in Middle East Expansion
2025-07-28T08:39:09.793+02:00
The Luxembourg-based investment firm signaled its intention to move into this part of the world as early as January.
However, no details have been disclosed about the nature of the partnership or its specific terms.
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Retail FX
“Regulation in Africa Is Erratic; the Middle East’s Is Clearer,” FMAS:25 Panel Reveals
2025-07-16T18:45:33.500+02:00
Futures provide transparency, but Africa lacks providers due to margins and low market awareness.
“Do We Have Demand for Futures in Africa? Highly Questionable,” Panel of Futures and the Future of Multi-Asset Trading Acknowledges.
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Retail FX
GCC Traders Thrive on Risk, Move with Oil’s Tide
2025-03-18T16:10:39.236+02:00
Oil and gold dominate trading, with GCC traders highly reactive to oil price swings.
Younger GCC traders favour algorithmic and high-frequency trading, while veteran traders lean toward gold and forex
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Institutional FX
The Flock of Hedge Funds to GCC: Asset Gathering Booms, But Liquidity Constraints Persist
2025-03-12T13:10:16.902+02:00
With 100% foreign ownership and zero capital gains tax, the Gulf Cooperation Council region is becoming a prime destination for hedge funds, leading to a 125% surge in fund registrations year over year.
“Hedge funds are setting up here not necessarily to trade just the GCC but to trade markets globally,” says Damian Bunce, CEO of GTN Middle East.
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Products
Equiti Expands MENA Access With Stock CFD Launch
2025-01-27T11:26:49.791+02:00
The broker launches new offerings, including companies listed on DFM and ADX exchanges.
MENA has become one of the world's fastest-growing economic regions, offering traders new diversifying opportunities.
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Retail FX
NAGA Expands Middle East Market Access: Adds UAE and Saudi Stocks
2024-11-27T08:16:08.143+02:00
The platform will allow traders to buy and sell stocks listed on the UAE and Saudi Arabian exchanges.
The offerings are being made under NAGA’s Abu Dhabi-licensed entity.
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Trending
Middle East Tensions Could Push Oil Prices to Highest Levels Since Summer
2024-10-09T08:28:17.089+02:00
Morgan Stanley raises its oil price forecasts, citing heightened geopolitical risk.
This morning, Israel killed two successors to Hezbollah's slain leader.
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Executive Moves
Marex Prime Services Taps Ex-IG Prime Exec for Dubai Push
2024-10-03T11:38:40.086+02:00
The company appointed Mazen Najjar to lead institutional sales and opened new office.
The move strengthens the firm's Middle East presence and targets a growing institutional client base.
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Institutional FX
Marex Sets Its Sights on Acquiring Aarna for Middle East Clearing Business
2024-10-02T13:57:52.801+02:00
The acquisition will provide Marex access to around 180 local clients.
The firm expects a five percent profit increase after tax starting in FY 2025.
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FinTech
Middle East Leads in Digital Payment Innovation amid Escalating Regional Hostilities
2024-09-23T16:26:26.556+02:00
Digital payment methods are seeing widespread adoption in the region.
However, political tensions pose significant challenges to the digital payments ecosystem, potentially halting recent progress.
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Retail FX
“Go Beyond Traditional Risk Management”: Brokers Must Adapt amid Hezbollah's Pager Blast
2024-09-20T09:45:59.851+02:00
The escalating tensions following Hezbollah’s pager and walkie-talkie blasts have raised concerns about volatility in financial markets.
Uncertainty may push trading volumes down while increasing costs for compliance and security.
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Brokers
Tickmill Sets New Trading Volume Record in MENA, Surpassing $135 Billion
2024-08-28T10:22:15.103+02:00
Transaction value in the year's first half grew by 54% in the region.
Additionally, the number of active traders increased by 20%.
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Executive Moves
GTN Taps Saxo Bank Veteran to Lead Middle East Expansion
2024-08-14T08:34:03.807+02:00
The fintech has appointed Ahmad Abouardini as its new Relationship Manager.
He is another former Saxo executive joining GTN after the Middle East CEO appointment.
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FinTech
Adyen and noon Team Up to Enhance Middle East Digital Economy
2024-07-03T18:43:18.187+02:00
The collaboration aims to streamline payments, reduce fraud, and improve the shopping experience.
Since its establishment in 2017, noon has developed into a digital ecosystem serving the UAE, KSA, and Egypt.
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CryptoCurrency
Binance's Regulatory Pivot: UAE Users to Migrate to VARA-Licensed Platform
2024-06-26T13:21:07.398+02:00
Exchange is transitioning UAE resident accounts to its locally regulated Binance FZE platform.
Users must update KYC information to maintain full account access.
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Payments
Canadian Fintech Nuvei Gains Ground in UAE's $10 Billion eCommerce Market
2024-06-25T12:49:52.977+02:00
Nuvei receives preliminary approval for a payment services license in the Middle East.
The move allows the company to offer payment technologies in the UAE eCommerce market.
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Payments
ACI and AFS Unite for 10 Years to Modernize Digital Payment Solutions
2024-04-01T12:23:28.913+02:00
AFS, regulated by Bahrain's Central Bank, serves over 60 clients in 20 countries.
ACI will provide the payments platform for secure, flexible transactions across various languages and currencies.
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FinTech
Meet Tamara, Saudi Arabia's First Fintech Unicorn
2023-12-19T11:38:31.909+02:00
The fintech raised $340 million, led by the Saudi sovereign fund.
Tamara's funding amidst a regional slowdown signals strong interest in its future IPO plans.
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Retail FX
How Could a Broader Conflict in the Middle East Affect the Stock Market?
2023-10-31T13:20:37.676+02:00
Understanding the potential implications.
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Retail FX
Why the Middle East Could Be Crypto's Next Goldmine
2023-08-28T13:45:27.683+02:00
Binance and others shift focus to UAE amid regulatory challenges in the US.
The region is positioning itself as a global cryptocurrency hub.
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FinTech
From Digital Coins to Digital Minds: UAE Wants to Become Global AI Hub
2023-08-28T10:01:32.904+02:00
UAE's AI, Digital Economy, and Remote Work Applications Office partners with Mastercard
The collaboration aims to combat financial crime and foster digital security.
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CryptoCurrency
Binance’s Card Retreat: Withdraws Crypto Debit Cards from Latin America and Middle East
2023-08-24T13:53:43.465+02:00
Users in the affected regions have until September 21, 2023, to use the cards.
Binance said the decision impacts less than 1% of its users in these regions.
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Institutional FX
Edgewater Expands Operations in the Middle East with Support for GCC Currencies
2023-08-14T13:01:53.678+02:00
The company has unveiled a credit intermediation service for the selected currencies.
The service is part of Edgewater's plans to enhance FX trading in the Gulf countries.
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