GBE Brokers Eyes Middle East Expansion with New Dubai Office

GBE brokers announced on Friday the opening of a new representative office in Dubai, thus further expanding its presence in the Middle East and North Africa (MENA) region. The new office is located at the Binary Tower in the Business Bay area in Dubai.

“We have created a unique global footprint at the heart of major global financial centers of the world to best support the European, African, Asian, and Middle East markets,” the press release shared with Finance Magnates stated.

Apart from the new Dubai office, the financial services company has a physical presence in two other locations: one is its headquarters in Cyprus, and the other is a branch office in Germany.

A Key Appointment

Additionally, the brokerage appointed Mahmoud Haj Mohamad to lead the expansion of the company in the Middle East. His focus in the new role will be to devise the right strategy to meet client needs.

Mohamad joined GBE in 2014 as the Head of the Arabic sales department in the German office, and later in 2016 become part of GBE Prime with responsibilities for improving the business activities in the Middle East.

GBE’s offering in the retail market includes trading services with forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and contracts for differences (CFDs) of popular asset classes. Its operations are licensed by the regulators in Cyprus and Germany.

Furthermore, the group has institution-specific offerings that include offerings of liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term for FX, CFDs and cryptocurrencies, along with connectivity solutions to its enterprise eFX hubs.

“Our plans are mainly focused on solidifying our brand into the German-speaking markets we are already well known. The direction is to penetrate each market, select the best-suited strategy and react with vertical commercial activities,” said Ben Henke, Head of GBE Prime.

“Following this direction, and constantly sharpening our customer support process to deliver a smooth online trading experience on the retail and institutional side, has resulted in organically attracting more business and growing our market share globally.”