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Middle East
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CryptoCurrency
After 5 Years of Effort Rain Joins Growing Crypto Market in the Middle East
2023-07-26T10:30:10.063+02:00
The company has been applying for a license in Abu Dhabi since 2018.
After half a decade, it finally joined the companies licensed in the Middle East.
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CryptoCurrency
Bitget Joins ByBit and OKX in Newest Dubai Crypto Push, Opens Local Office
2023-07-20T12:00:00.000+02:00
Bitget extends its global reach to the Middle East, targeting UAE and Bahrain.
The company plans to hire 60 employees for the Middle East expansion.
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Retail FX
Kama Capital Deploys AI to Enhance Retail Trading in the Middle East
2023-07-18T15:25:13.309+02:00
Middle East brokerage wants to deliver AI trading tools to its clients.
Collaboration with Acuity aims to provide better trading insights.
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Retail FX
UAE's FX and CFDs Trader Population Reaches Record 49,000 in 2023
2023-07-06T08:53:25.968+02:00
Local retail leverage trading market outpaces Spain, Singapore, and France.
New traders are drawn to the industry due to the ability to trade in smaller amounts.
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CryptoCurrency
Cryptocurrency Service Providers Licensing Begins in UAE
2023-04-19T12:38:14.363+02:00
SCA opens licensing for virtual asset service providers.
UAE-based VASPs must comply with SCA rulings and submit license applications.
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Institutional FX
CMC Markets Expands Dubai Operations, Eyes Growth in Middle East
2023-04-03T18:03:50.902+02:00
CMC Markets plans to introduce cash equities product suite to its institutional clients.
The company first established its presence in Dubai in 2019.
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Institutional FX
Nomura Opens Dubai Office, Expands Wealth Management in Middle East
2022-12-13T11:35:51.136+02:00
By 2025, Nomura wants to manage up to $35 billion of clients' wealth.
The new Dubai branch has already obtained authorization from the local regulatory commission.
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Retail FX
CFI's Tennis Sponsorship Shows a Localized Drift in Sports Deals
2022-12-02T21:34:30.669+02:00
CFI is sponsoring the upcoming Mubadala World Tennis Championship.
The broker has a stronghold in the Middle East.
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Arnab Shome
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News
MoneyGram Collaborates with Mobily Pay
2022-06-04T12:09:52.755+02:00
The partnership will enable the launch of MoneyGram’s global money transfer capabilities on Mobily Pay.
The collaboration is expected to be live for consumers later in 2022.
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Bilal Jafar
Analysis
Analysis
Analysis
The Middle East: A New Leader in Global FX Ecosystem?
2022-06-03T14:00:38.568+02:00
In 2021, Dubai International Financial Center recorded 996 company registrations, the highest level in its history.
Low corporate tax rates and clear financial regulations are playing a major role in the region’s rising popularity among brokers.
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Bilal Jafar
Retail FX
United Arab Emirates: Why are Retail Brokers Flocking to the UAE?
2022-05-10T15:52:01.646+02:00
The local market is attracting brokers from around the world.
An in-depth look at the UAE Forex and CFD scene
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Damian Chmiel
Regulation
Kraken Gains Abu Dhabi License to Launch Crypto Services Locally
2022-04-25T09:16:40.806+02:00
The crypto exchange will launch funding and crypto trading with local fiat.
It will establish regional headquarters in Abu Dhabi.
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Arnab Shome
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Institutional FX
Standard Chartered Plans to Exit 5 African Markets
2022-04-18T10:58:50.486+02:00
The markets include Angola, Cameroon, Gambia, Sierra Leone and Zimbabwe.
Standard Chartered also announced its plan for the Middle East region.
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Thought Leaders
FVP Trade Kicks-Off UAE Expansion Plan with the iFX Expo Dubai
2022-03-16T13:09:22.825+02:00
FVP Holdings agreed to a 5-year investment partnership with The Al-Mohannadi Group.
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FVP Trade
Analysis
Analysis: November Brought Second Highest FX Deposits in 2021
2022-02-21T19:20:29.725+02:00
The industry took some rest in November after unusually high numbers in October.
FX deposits and activity remain high among forex traders in China.
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Sylwester Majewski
News
Ripple Launches RippleNet’s ODL Deployment in the Middle East
2021-10-26T09:27:52.000+02:00
The company has partnered with Pyypl for the introduction of new services in the region.
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Bilal Jafar
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Analysis
Analysis: First Month of Q2 of 2021 Brought a Decline in Key Forex Metrics
2021-06-22T19:26:20.000+02:00
Forex traders are still looking for more investment opportunities.
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Sylwester Majewski
Interviews
Exness Acts to Meet Demand in Middle East for Tech and Digital CFD Solutions
2021-05-12T15:43:02.000+02:00
Exness Regional Director (MENA), Mohamad Ibrahim, discusses steps taken to meet the demand for tech and digital CFD solutions.
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Technology
Gold-i Plans Global Expansion with EMEA Global Financial Consultancy
2021-03-23T11:30:21.000+02:00
Gold-i leverages EMEA Consultancy’s network and regional expertise.
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Aziz Abdel-Qader
Brokers
CFI Financial Signs TV Presenter Georges Kordahi as Brand Ambassador
2021-02-22T19:52:13.000+02:00
Kordahi has been part of the Arab media world for over 40 years.
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Aziz Abdel-Qader
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Executive Moves
Accuindex Appoints Adel Jibrin as Director to Lead Middle East Operations
2020-12-28T12:55:40.000+02:00
The broker is planning to boost its business development and sales activities through Jibrin’s extensive experience.
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Bilal Jafar
News
Adyen Enters Middle East, Opens Dubai Office
2020-11-10T10:30:53.000+02:00
The company partnered with several local payment platforms.
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Thought Leaders
Chrysovalantis Karageorgiou Joins SquaredFinancial as Head of Middle Office
2020-06-25T12:09:47.000+02:00
His appointment is aligned with the company’s strategic expansion plans in the region.
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News
LocalBitcoins Abruptly Shuts Traders’ Accounts
2020-01-28T12:09:16.000+02:00
The crackdown is concentrated in Asia, Africa, and the Middle East.
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ADVERTISEMENT
Analysis
Analysis: Where Are Middle East FX Traders Depositing Most Often?
2020-01-05T21:22:49.000+02:00
While the size of deposits and withdrawals remain the same, the number of deposits goes lower in October
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