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Retail FX

AUS Global Solidifies Middle East Presence: Gains New UAE Licence

  • The broker gained the licence from the country’s Securities and Commodities Authority (SCA).
  • It also added Tawfiq Mashaqi as the Sales Director to its local team.
Monday, 28/10/2024 | 07:59 GMT by Arnab Shome
CryptoCurrency

UAE Approves Dirham-Pegged Stablecoin

  • AE Coin issuer plans to integrate the currency with e-commerce platforms, mobile wallets, and financial institutions.
  • The token enables users to participate in DeFi activities like lending and borrowing without intermediaries.
Monday, 14/10/2024 | 20:42 GMT by Jared Kirui
CryptoCurrency

MultiBank Sets Up in UAE with MEX Digital’s VARA License for Crypto Assets

  • The firm reports net assets exceeding $583 million and daily trading volumes of $15.6 billion.
  • It serves over one million traders in 90 countries and operates under 15 global licenses.
Friday, 11/10/2024 | 16:42 GMT by Tareq Sikder
CryptoCurrency

OKX Launches Fully Licensed Platform for Retail and Institutional Investors in UAE

  • UAE residents can use OKX for spot and express trading, qualified traders can access derivatives.
  • The firm has recently obtained an MPI license in Singapore to offer cross-border transfer services.
Friday, 11/10/2024 | 10:17 GMT by Tareq Sikder
Brokers

Century Financial Opens Abu Dhabi Office in UAE Expansion Push

  • The move aims to enhance client services and product offerings, including ADX stock CFDs and AI-enabled trading features.
  • The UAE is experiencing growth in retail trading, bucking the global trend of declining trader numbers
Thursday, 10/10/2024 | 07:25 GMT by Damian Chmiel
CryptoCurrency

UAE Updates Crypto Laws, Exempts Transactions from Value-Added Tax

  • The exemption covers the exchange and transfer of ownership of digital assets.
  • The changes apply retrospectively to transactions dating back to January 1, 2018.
Monday, 07/10/2024 | 13:36 GMT by Jared Kirui
FinTech

UAE Outshines Germany and Hong Kong as Top Tech Destination, Survey Shows

  • Nearly 45% of tech experts surveyed by Capital.com are willing to relocate to the UAE.
  • Government support and a favorable business environment are critical factors enhancing the region's attractiveness.
Wednesday, 18/09/2024 | 13:34 GMT by Jared Kirui
FinTech

Revolut Targets Gulf: Hiring Finance and Legal Experts for Dubai Office

  • The company has recently expanded into the UAE and is eyeing Saudi Arabia.
  • The firm opened an office in the UAE in 2022 and employs 140 staff.
Friday, 13/09/2024 | 16:30 GMT by Tareq Sikder
Payments

Mastercard Partners with NymCard for Remittance Reach to 47 Countries

  • The collaboration expands NymCard's BaaS capabilities and access to Mastercard’s payout network.
  • The report shows 48% of UAE residents plan to send more cross-border payments.
Wednesday, 11/09/2024 | 11:23 GMT by Tareq Sikder
CryptoCurrency

Standard Chartered Sets Up Digital Asset Custody Services in UAE

  • The bank starts the services in the UAE, with Brevan Howard Digital as the inaugural client.
  • It expands into the UAE's crypto sector, supporting firms like Zodia Markets and Zodia Custody.
Tuesday, 10/09/2024 | 11:09 GMT by Tareq Sikder
Retail FX

Prop Trading in the UAE: A Side-by-Side Review of How High Profit Splits Attract Traders

  • Finance Magnates examined AquaFunded, Blue Guardian, City Traders Imperium, and FundedNext.
  • All four come from the UAE, currently prop firms' third most popular destination.
Sunday, 30/06/2024 | 08:58 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
Analysis

Word-of-Mouth Drives Client Acquisition in UAE's FX/CFD Trading Market

  • 42% of respondents opened a leveraged account following recommendations from their relatives.
  • The crypto market has also significantly encouraged many to try CFD trading.
Friday, 21/06/2024 | 08:09 GMT by Damian Chmiel
Institutional FX

Standard Chartered Partners with Clearstream to Support UAE Domiciled Funds

  • This collaboration aims to enhance fund processing and execution.
  • According to the two entities, the partnership gives retail clients broader access to investments.
Tuesday, 14/05/2024 | 17:01 GMT by Jared Kirui
FinTech

United Fintech Opens DIFC Office, Targets UAE's Financial Sector

  • Rasmus Bagger, the company's CCO, will be responsible for local operations.
  • The move comes when Dubai and the UAE are rapidly developing as a fintech hub.
Monday, 13/05/2024 | 06:48 GMT by Damian Chmiel
Retail FX

Capital.com Opens New Regional Headquarters in UAE after Obtaining Local License

  • The trading platform establishes its regional HQ in UAE under the NextGenFDI initiative.
  • It will serve as Capital.com's base for expansion across the MENA region and Asia.
Wednesday, 03/04/2024 | 07:09 GMT by Damian Chmiel
Brokers

Capital.com Expands in the Middle East with a New UAE License

  • The broker recently suspended onboarding under its UK-registered entity.
  • Apart from the UK and UAE license, the broker is regulated in Cyprus, Australia, and The Bahamas.
Tuesday, 02/04/2024 | 07:55 GMT by Arnab Shome
Retail FX

ThinkMarkets Gains Regulatory Approval from DFSA for UAE Expansion

  • The firm can introduce its trading platform, ThinkTrader to a fresh client base.
  • The firm has integrated TradingView into ThinkTrader to track eight charts simultaneously.
Friday, 01/03/2024 | 13:16 GMT by Tareq Sikder
Retail FX

DHF Capital Partners with ZaraFX for Strategic Asset Management

  • ZaraFX is set to trade CFDs with assets allocated by DHF Capital.
  • DHF Capital serves informed investors seeking diverse investment solutions.
Thursday, 15/02/2024 | 14:03 GMT by Tareq Sikder
CryptoCurrency

Commercial Bank International and Fuze Target UAE's Crypto Market in New Partnership

  • This collaboration promotes new digital asset use cases, particularly in investments and payments.
  • According to the duo, the partnership addresses the rising demand for regulated crypto services in the region.
Friday, 09/02/2024 | 12:51 GMT by Jared Kirui
Institutional FX

ESA Upholds Decision to Suspend Dubai Commodities Clearing Corporation

  • This step is linked to the EU's classification of UAE as high-risk for AML and CFT.
  • DCCC had appealed against ESMA's decision for the suspension.
Tuesday, 06/02/2024 | 16:07 GMT by Jared Kirui
Retail FX

NCM Investment Bolsters Middle East Presence with UAE License

  • The company secures a Category 1 license from the SCA, expanding its MENA operations.
  • The region is attracting a rising number of financial and cryptocurrency firms.
Thursday, 18/01/2024 | 08:23 GMT by Damian Chmiel
FinTech

UAE's Fintech Market Rises 92% amidst Global Funding Slowdown

  • Fintech investments globally drop to $51.2 billion in 2023.
  • The Middle East and Asia buck this trend, maintaining positive dynamics.
Wednesday, 10/01/2024 | 10:23 GMT by Damian Chmiel
CryptoCurrency

Changer.ae Enters the Market with Regulated Crypto Custody Platform

  • The firm operates under the regulatory framework established by the FSRA of ADGM.
  • It aims to enable users to convert virtual assets into fiat currencies and hold them in escrow.
Tuesday, 19/12/2023 | 10:20 GMT by Tareq Sikder
Retail FX

Tawasal, Noor Capital Partner for Middle East Online Trading Services

  • The SuperApp unifies local stock markets in one service, eliminating the need to use multiple apps.
  • Noor Capital expanded this year, acquiring one of the UK's prime brokers.
Monday, 18/12/2023 | 09:15 GMT by Damian Chmiel
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