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CryptoCurrency
UAE Plans to Issue National Crypto Licenses to Virtual Assets Service Providers
2022-02-17T18:00:00.000+02:00
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.
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News
Pyypl Secures $11 Million in Series A Funding
2022-02-11T13:59:14.799+02:00
The blockchain-based financial services provider aims to expand into Africa.
The company is headquartered in the United Arab Emirates.
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News
Dubai World Trade Centre Authority and SCA Agree to Support Crypto Trading
2021-09-23T14:01:27.000+02:00
The authorities have signed an agreement to support crypto trading within DWTCA’s free zone.
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News
UAE Central Bank Sets Roadmap for CBDC Launch
2021-07-13T09:43:13.000+02:00
The central bank prioritizes CBDC for its 2023-2026 roadmap.
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Arnab Shome
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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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Brokers
XTB Aims to Start UAE Operation by the First Half of 2021
2021-04-26T14:02:52.000+02:00
The broker is still in the process of obtaining a DFSA license.
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Analysis
Analysis: Forex Traders with Smaller Deposits and Smaller Bets in January
2021-03-16T14:07:16.000+02:00
After solid growth in December, January brings a slower start to the year
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Analysis
Analysis: Swiss Forex Traders Investing More Again
2021-03-08T15:55:28.000+02:00
While UAE traders still deposit the most, Switzerland came close.
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Institutional FX
Russia’s Alfa-Bank and UAE’s First Abu Dhabi Bank Join CLSNet
2021-01-13T15:21:41.000+02:00
Both the banks have joined a long list of other leading global banks as CLSNet users.
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Arnab Shome
Analysis
Analysis: Forex Traders from UAE Keep Investing Large Sums
2021-01-04T13:10:21.000+02:00
While Russian forex traders deposit most often, the largest amounts come from the United Arab Emirates.
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Sylwester Majewski
Brokers
Shuaa Securities Rebrands to International Securities
2021-01-04T11:56:31.000+02:00
The UAE-based brokerage has changed its name after the recent acquisition by International Holding Company.
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Bilal Jafar
Analysis
Analysis: Global Withdrawals Increase Whilst Deposits Soar in Vietnam
2020-12-21T12:08:22.000+02:00
The latest data show interesting patterns as forex traders in Vietnam have made the biggest deposits.
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Sylwester Majewski
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News
Saudi Arabia Inches Closer to Officially Launch Digital Currency with UAE
2020-11-30T10:43:03.000+02:00
SAMA and the central bank of the UAE jointly published a report to show key benefits of a CBDC.
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Bilal Jafar
Analysis
Analysis: UAE Forex Traders Investing the Most, Followed by Asia
2020-11-15T14:26:37.000+02:00
In August forex traders from the Middle East had the biggest deposits, but Asian investors were close behind.
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Brokers
GO Markets Obtains UAE Broker License
2020-07-10T11:36:24.000+02:00
The license was awarded to the firm's UAE subsidiary, GO Markets MENA DMCC.
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Regulation
UAE Securities and Commodities Authority Restructures Licences
2020-07-09T12:39:01.000+02:00
The move is aimed at implementing the integrated financial brokerage institution model, which includes FX brokers.
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Exchanges
Crypto Exchange and Custodian DEX Gains UAE License
2020-06-30T13:07:33.000+02:00
The platform will launch its services in Q3 2020.
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CryptoCurrency
ADIB: First Islamic Bank to use Blockchain Technology for Trade Distribution
2020-04-17T13:54:05.000+02:00
The bank commits to expanding its digital footprint in trade financing and distribution
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Finance Magnates
News
Dubai's New Blockchain KYC Platform to Open Door for Global Enterprise
2020-03-02T09:11:23.000+02:00
The DIFC and Mashreq Bank have launched the platform as part of a greater blockchain initiative in the UAE.
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Rachel McIntosh
News
Saudi Arabia, UAE Leaders Confirm Plans to Launch Digital Currency
2019-11-28T15:56:34.000+02:00
The project was officially unveiled earlier this year and named Aber.
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Analysis
As GCC Countries Move Away From Oil, the FX Industry Grows
2019-03-14T10:56:52.000+02:00
The region shows a lot of promise, and as knowledge of the FX industry grows, so will trading.
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Celeste Skinner
News
Bithumb Partners with Nvelop to Launch Crypto Exchange in the UAE
2019-02-12T14:08:21.000+02:00
The firm is targeting to expand its business in the MENA region.
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Exchanges
Finablr to Go Live with Cross-Border Payment Services with Ripple
2019-02-11T15:40:36.000+02:00
The services will be provided through Finablr’s UAE Exchange.
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Brokers
Exclusive: HotForex Expands Operations, Launches in the UAE
2019-01-07T15:27:22.000+02:00
The launch comes less than a month after the broker acquired a Dubai Financial Services Authority license.
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News
Saudi Arabia and the UAE Central Banks to Create Joint Token
2018-12-12T16:01:12.000+02:00
Details are still being worked out, but the token will not be for use by the general public.
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