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News

Tarabut Gateway Receives License from DFSA

  • The company has received the license to provide money services in and from DIFC.
  • Tarabut Gateway aims to cement its place in the UAE.
Friday, 22/04/2022 | 12:16 GMT by Bilal Jafar
Brokers

Equiti Gains OTC Category One License from UAE’s SCA

  • It has become one of the first brokers to gain this license.
  • It will bolster the broker’s offering in the region.
Wednesday, 13/04/2022 | 11:07 GMT by Arnab Shome
News

Mashreq Bank Introduces NEOPAY

  • The service will provide issuer processing and acquiring processing services to financial firms.
  • NEOPAY will leverage the latest technology and innovation.
Tuesday, 29/03/2022 | 05:48 GMT by Bilal Jafar
CryptoCurrency

Russians Liquidated Their Bitcoins to Purchase Real Estate in Dubai

  • Spikes in Dubai's real estate transactions as Russians seek safe-haven.
  • Over $1 billion has been transferred out of Coinbase in the past 48 hours.
Sunday, 13/03/2022 | 11:19 GMT by Matti Williamson
CryptoCurrency

UAE Plans to Issue National Crypto Licenses to Virtual Assets Service Providers

  • The UAE is preparing to make the region become a global crypto hub
  • Issuance of the licenses is the first aspect of nationwide crypto-focused regulation.
Thursday, 17/02/2022 | 16:00 GMT by Nicholas Otieno
News

Pyypl Secures $11 Million in Series A Funding

  • The blockchain-based financial services provider aims to expand into Africa.
  • The company is headquartered in the United Arab Emirates.
Friday, 11/02/2022 | 11:59 GMT by Bilal Jafar
News

Dubai World Trade Centre Authority and SCA Agree to Support Crypto Trading

  • The authorities have signed an agreement to support crypto trading within DWTCA’s free zone.
Thursday, 23/09/2021 | 12:01 GMT by Bilal Jafar
News

UAE Central Bank Sets Roadmap for CBDC Launch

  • The central bank prioritizes CBDC for its 2023-2026 roadmap.
Tuesday, 13/07/2021 | 07:43 GMT by Arnab Shome
Analysis

Analysis: First Month of Q2 of 2021 Brought a Decline in Key Forex Metrics

  • Forex traders are still looking for more investment opportunities.
Tuesday, 22/06/2021 | 17:26 GMT by Sylwester Majewski
Brokers

XTB Aims to Start UAE Operation by the First Half of 2021

  • The broker is still in the process of obtaining a DFSA license.
Monday, 26/04/2021 | 12:02 GMT by Arnab Shome
Analysis

Analysis: Forex Traders with Smaller Deposits and Smaller Bets in January

  • After solid growth in December, January brings a slower start to the year
Tuesday, 16/03/2021 | 12:07 GMT by Sylwester Majewski
Analysis

Analysis: Swiss Forex Traders Investing More Again

  • While UAE traders still deposit the most, Switzerland came close.
Monday, 08/03/2021 | 13:55 GMT by Sylwester Majewski
Institutional FX

Russia’s Alfa-Bank and UAE’s First Abu Dhabi Bank Join CLSNet

  • Both the banks have joined a long list of other leading global banks as CLSNet users.
Wednesday, 13/01/2021 | 13:21 GMT by Arnab Shome
Analysis

Analysis: Forex Traders from UAE Keep Investing Large Sums

  • While Russian forex traders deposit most often, the largest amounts come from the United Arab Emirates.
Monday, 04/01/2021 | 11:10 GMT by Sylwester Majewski
Brokers

Shuaa Securities Rebrands to International Securities

  • The UAE-based brokerage has changed its name after the recent acquisition by International Holding Company.
Monday, 04/01/2021 | 09:56 GMT by Bilal Jafar
Analysis

Analysis: Global Withdrawals Increase Whilst Deposits Soar in Vietnam

  • The latest data show interesting patterns as forex traders in Vietnam have made the biggest deposits.
Monday, 21/12/2020 | 10:08 GMT by Sylwester Majewski
News

Saudi Arabia Inches Closer to Officially Launch Digital Currency with UAE

  • SAMA and the central bank of the UAE jointly published a report to show key benefits of a CBDC.
Monday, 30/11/2020 | 08:43 GMT by Bilal Jafar
Analysis

Analysis: UAE Forex Traders Investing the Most, Followed by Asia

  • In August forex traders from the Middle East had the biggest deposits, but Asian investors were close behind.
Sunday, 15/11/2020 | 12:26 GMT by Sylwester Majewski
Brokers

GO Markets Obtains UAE Broker License

  • The license was awarded to the firm's UAE subsidiary, GO Markets MENA DMCC.
Friday, 10/07/2020 | 09:36 GMT by Finance Magnates Staff
Regulation

UAE Securities and Commodities Authority Restructures Licences

  • The move is aimed at implementing the integrated financial brokerage institution model, which includes FX brokers.
Thursday, 09/07/2020 | 10:39 GMT by Finance Magnates Staff
Exchanges

Crypto Exchange and Custodian DEX Gains UAE License

  • The platform will launch its services in Q3 2020.
Tuesday, 30/06/2020 | 11:07 GMT by Arnab Shome
CryptoCurrency

ADIB: First Islamic Bank to use Blockchain Technology for Trade Distribution

  • The bank commits to expanding its digital footprint in trade financing and distribution
Friday, 17/04/2020 | 11:54 GMT by Finance Magnates Staff
News

Dubai's New Blockchain KYC Platform to Open Door for Global Enterprise

  • The DIFC and Mashreq Bank have launched the platform as part of a greater blockchain initiative in the UAE.
Monday, 02/03/2020 | 07:11 GMT by Rachel McIntosh
News

Saudi Arabia, UAE Leaders Confirm Plans to Launch Digital Currency

  • The project was officially unveiled earlier this year and named Aber.
Thursday, 28/11/2019 | 13:56 GMT by Arnab Shome
Analysis

As GCC Countries Move Away From Oil, the FX Industry Grows

  • The region shows a lot of promise, and as knowledge of the FX industry grows, so will trading.
Thursday, 14/03/2019 | 08:56 GMT by Celeste Skinner
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