ICM Capital Extends Operations to UAE with New Dubai Partnership

ICM Capital Limited has launched a new partnership in the United Arab Emirates (UAE) with Mohammad Habib Al Mulla and Abdulla Habib Al Mulla, which will culminate in the opening of a new Business Bay representative office in Dubai, according to an ICM statement.

The latest initiative will see ICM Capital christen its new Business Bay representative office in a locally held exclusive event at the Burj Al Arab Hotel on November 17, 2015. Moreover, ICM Capital will be partnering with the Al Tarahum Charity Foundation, which will see it donating a portion of its trades between November 17 to December 2015.

ICM Capital’s new office is slated to be legally structured by Baker and McKenzie Habib Al Mulla, which will be located in Building 3, Podium 8, Bay Square, Business Bay, Dubai, UAE.

According to Shoaib Abedi, ICM Capital’s Director, in a statement on the new office, “We look forward to expanding the business with the local support of Mr. Mohammad Al Mulla and Mr. Abdulla Al Mulla.”

“We chose to expand in Dubai as it is one of the world's fastest growing economies and the top gateway for business in the Middle East. The new ICM Capital office will open early 2016 and will be located in Business Bay, a central business district for professional and retail traders,” he noted.

“We are delighted to announce this new partnership with ICM Capital. The internationally recognised firm, which delivers cutting-edge trading technology in an efficient and transparent manner makes 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 CFD trading easily accessible to the global market. This new office provides us with an innovative platform to fully utilise and present ICM Capital’s trading facilities to clients in in the UAE, across the Middle East and around the world,” added Mohammad Habib Al Mulla , the group’s new partner of the ICM Capital Dubai Representative Office, in an accompanying statement.

ICM Capital is an FCA regulated provider of comprehensive trading services for both retail and corporate clients. The UK-based group made headlines earlier this year when it launched its institutional offering, ICM Direct.