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Middle East Tensions Could Push Oil Prices to Highest Levels Since Summer

  • Morgan Stanley raises its oil price forecasts, citing heightened geopolitical risk.
  • This morning, Israel killed two successors to Hezbollah's slain leader.
Wednesday, 09/10/2024 | 06:28 GMT by Damian Chmiel
Executive Moves

Marex Prime Services Taps Ex-IG Prime Exec for Dubai Push

  • The company appointed Mazen Najjar to lead institutional sales and opened new office.
  • The move strengthens the firm's Middle East presence and targets a growing institutional client base.
Thursday, 03/10/2024 | 09:38 GMT by Damian Chmiel
Institutional FX

Marex Sets Its Sights on Acquiring Aarna for Middle East Clearing Business

  • The acquisition will provide Marex access to around 180 local clients.
  • The firm expects a five percent profit increase after tax starting in FY 2025.
Wednesday, 02/10/2024 | 11:57 GMT by Tareq Sikder
FinTech

Middle East Leads in Digital Payment Innovation amid Escalating Regional Hostilities

  • Digital payment methods are seeing widespread adoption in the region.
  • However, political tensions pose significant challenges to the digital payments ecosystem, potentially halting recent progress.
Monday, 23/09/2024 | 14:26 GMT by Pierre Raymond
Retail FX

“Go Beyond Traditional Risk Management”: Brokers Must Adapt amid Hezbollah's Pager Blast

  • The escalating tensions following Hezbollah’s pager and walkie-talkie blasts have raised concerns about volatility in financial markets.
  • Uncertainty may push trading volumes down while increasing costs for compliance and security.
Friday, 20/09/2024 | 07:45 GMT by Arnab Shome
Brokers

Tickmill Sets New Trading Volume Record in MENA, Surpassing $135 Billion

  • Transaction value in the year's first half grew by 54% in the region.
  • Additionally, the number of active traders increased by 20%.
Wednesday, 28/08/2024 | 08:22 GMT by Damian Chmiel
Executive Moves

GTN Taps Saxo Bank Veteran to Lead Middle East Expansion

  • The fintech has appointed Ahmad Abouardini as its new Relationship Manager.
  • He is another former Saxo executive joining GTN after the Middle East CEO appointment.
Wednesday, 14/08/2024 | 06:34 GMT by Damian Chmiel
FinTech

Adyen and noon Team Up to Enhance Middle East Digital Economy

  • The collaboration aims to streamline payments, reduce fraud, and improve the shopping experience.
  • Since its establishment in 2017, noon has developed into a digital ecosystem serving the UAE, KSA, and Egypt.
Wednesday, 03/07/2024 | 16:43 GMT by Tareq Sikder
CryptoCurrency

Binance's Regulatory Pivot: UAE Users to Migrate to VARA-Licensed Platform

  • Exchange is transitioning UAE resident accounts to its locally regulated Binance FZE platform.
  • Users must update KYC information to maintain full account access.
Wednesday, 26/06/2024 | 11:21 GMT by Damian Chmiel
Payments

Canadian Fintech Nuvei Gains Ground in UAE's $10 Billion eCommerce Market

  • Nuvei receives preliminary approval for a payment services license in the Middle East.
  • The move allows the company to offer payment technologies in the UAE eCommerce market.
Tuesday, 25/06/2024 | 10:49 GMT by Damian Chmiel
Payments

ACI and AFS Unite for 10 Years to Modernize Digital Payment Solutions

  • AFS, regulated by Bahrain's Central Bank, serves over 60 clients in 20 countries.
  • ACI will provide the payments platform for secure, flexible transactions across various languages and currencies.
Monday, 01/04/2024 | 10:23 GMT by Tareq Sikder
FinTech

Meet Tamara, Saudi Arabia's First Fintech Unicorn

  • The fintech raised $340 million, led by the Saudi sovereign fund.
  • Tamara's funding amidst a regional slowdown signals strong interest in its future IPO plans.
Tuesday, 19/12/2023 | 09:38 GMT by Damian Chmiel
Retail FX

How Could a Broader Conflict in the Middle East Affect the Stock Market?

  • Understanding the potential implications.
Tuesday, 31/10/2023 | 11:20 GMT by Pedro Ferreira
Retail FX

Why the Middle East Could Be Crypto's Next Goldmine

  • Binance and others shift focus to UAE amid regulatory challenges in the US.
  • The region is positioning itself as a global cryptocurrency hub.
Monday, 28/08/2023 | 11:45 GMT by Damian Chmiel
FinTech

From Digital Coins to Digital Minds: UAE Wants to Become Global AI Hub

  • UAE's AI, Digital Economy, and Remote Work Applications Office partners with Mastercard
  • The collaboration aims to combat financial crime and foster digital security.
Monday, 28/08/2023 | 08:01 GMT by Damian Chmiel
CryptoCurrency

Binance’s Card Retreat: Withdraws Crypto Debit Cards from Latin America and Middle East

  • Users in the affected regions have until September 21, 2023, to use the cards.
  • Binance said the decision impacts less than 1% of its users in these regions.
Thursday, 24/08/2023 | 11:53 GMT by Jared Kirui
Institutional FX

Edgewater Expands Operations in the Middle East with Support for GCC Currencies

  • The company has unveiled a credit intermediation service for the selected currencies.
  • The service is part of Edgewater's plans to enhance FX trading in the Gulf countries.
Monday, 14/08/2023 | 11:01 GMT by Jared Kirui
CryptoCurrency

After 5 Years of Effort Rain Joins Growing Crypto Market in the Middle East

  • The company has been applying for a license in Abu Dhabi since 2018.
  • After half a decade, it finally joined the companies licensed in the Middle East.
Wednesday, 26/07/2023 | 08:30 GMT by Damian Chmiel
CryptoCurrency

Bitget Joins ByBit and OKX in Newest Dubai Crypto Push, Opens Local Office

  • Bitget extends its global reach to the Middle East, targeting UAE and Bahrain.
  • The company plans to hire 60 employees for the Middle East expansion.
Thursday, 20/07/2023 | 10:00 GMT by Damian Chmiel
Retail FX

Kama Capital Deploys AI to Enhance Retail Trading in the Middle East

  • Middle East brokerage wants to deliver AI trading tools to its clients.
  • Collaboration with Acuity aims to provide better trading insights.
Tuesday, 18/07/2023 | 13:25 GMT by Damian Chmiel
Retail FX

UAE's FX and CFDs Trader Population Reaches Record 49,000 in 2023

  • Local retail leverage trading market outpaces Spain, Singapore, and France.
  • New traders are drawn to the industry due to the ability to trade in smaller amounts.
Thursday, 06/07/2023 | 06:53 GMT by Damian Chmiel
CryptoCurrency

Cryptocurrency Service Providers Licensing Begins in UAE

  • SCA opens licensing for virtual asset service providers.
  • UAE-based VASPs must comply with SCA rulings and submit license applications.
Wednesday, 19/04/2023 | 10:38 GMT by Damian Chmiel
Institutional FX

CMC Markets Expands Dubai Operations, Eyes Growth in Middle East

  • CMC Markets plans to introduce cash equities product suite to its institutional clients.
  • The company first established its presence in Dubai in 2019.
Monday, 03/04/2023 | 16:03 GMT by Solomon Oladipupo
Institutional FX

Nomura Opens Dubai Office, Expands Wealth Management in Middle East

  • By 2025, Nomura wants to manage up to $35 billion of clients' wealth.
  • The new Dubai branch has already obtained authorization from the local regulatory commission.
Tuesday, 13/12/2022 | 09:35 GMT by Damian Chmiel
Retail FX

CFI's Tennis Sponsorship Shows a Localized Drift in Sports Deals

  • CFI is sponsoring the upcoming Mubadala World Tennis Championship.
  • The broker has a stronghold in the Middle East.
Friday, 02/12/2022 | 19:34 GMT by Arnab Shome
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