Doo Group, which has retail and institutional offerings in the retail contracts for differences (CFDs) industry, has entered the Middle East with the opening of a new office in Dubai, United Arab Emirates.
A Strategic Location for Doo Group
Announced yesterday (Monday), the move was strategic “to strengthen its presence in the Middle East and tap into the region's thriving business landscape.” It also came with the group’s growing client base in the region.
In the Dubai office, the group will house a team with diverse expertise in digital technology, software development, and client support. The team in Dubai will cater to the regional client base.
“By having a physical presence in Dubai, the company aims to enhance its responsiveness to client needs, deepen relationships with key stakeholders, and deliver tailored digital solutions that drive business growth,” the official press release noted.
Expansion of Global Presence
Doo Group offers brokerage services under three entities: Doo Clearing, Doo Financial, and Doo Prime. It provides asset management services under Doo Wealth, payment and exchange services under Doo Payment Exchange, and financial technology under two more entities: Doo Tech and Fin Points.
Apart from the newly launched Dubai office, Doo Group has a presence in the United States, the United Kingdom, Cyprus, Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia, Singapore, Vanuatu, and Australia. It additionally holds several operational licenses from the regulators in most jurisdictions of its physical presence. However, it has yet to add a license from the Dubai authorities.
“The company remains dedicated to empowering organizations with innovative digital solutions that optimize operations, enhance customer experiences, and drive sustainable growth in the digital age,” the announcement added.
Earlier, the group reported that its brokerage platform handled over $452.3 billion in trading volume in the first six months of 2023, an annual growth of 39.4 percent. Further, the trading platforms of the Doo Group ended the period with more than 130,000 active clients.
