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United Arab Emirates

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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
Payments

Zand Bank and Taurus Forge Strategic Alliance to Transform Digital Finance in the UAE

  • UAE's first digital bank pioneers crypto services with strategic partnership.
  • Collaboration leverages cutting-edge technology for digital asset custody and tokenization.
Wednesday, 03/07/2024 | 15:16 GMT by Pedro Ferreira
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
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
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
Regulation

Strategy, Decentralization, and Tech Diplomacy: UAE's Forward-Thinking Crypto Regulation

  • How United Arab Emirates' crypto strategy aligns national actions with global interests.
Thursday, 16/11/2023 | 15:49 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
Retail FX

FxPro Relocates to Dubai in MENA Market Dash

  • Recently, Moneta Markets and Plus500 got licensed in Dubai.
  • Zenfinix, TrioMarkets and Scope Markets have also strengthened their MENA teams.
Thursday, 24/08/2023 | 18:26 GMT by Solomon Oladipupo
CryptoCurrency

Laser Digital Joins ATFX and CMC Markets in Dubai Crypto Push, Gains VASP License

  • Nomura's Laser Digital is another company that joins Dubai's crypto landscape.
  • The firm is set to launch its Trading and AM businesses in the next few months.
Tuesday, 01/08/2023 | 08:56 GMT by Damian Chmiel
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

Bybit Eyes Ethereum’s Shanghai Upgrade, Launches ‘Optimized’ ETH Staking

  • Bybit says it has simplified liquidity addition to Curve Finance.
  • ConsenSys recently launched first institutional staking marketplace.
Friday, 31/03/2023 | 19:42 GMT by Solomon Oladipupo
CryptoCurrency

UAE’s Central Bank to Issue CBDC under New FIT Programme

  • UAE disclosed its 2023-2026 CBDC roadmap in 2021.
  • The FIT programme boasts of eight other initiatives.
Monday, 13/02/2023 | 13:50 GMT by Solomon Oladipupo
Regulation

Oracle to Pay $23M to Settle Bribery Charges against Asian Subsidiaries

  • The US SEC fingered Oracle's subsidiaries in Turkey, UAE and India in its investigation.
  • The regulator penalized Oracle $2 million in 2012 for the same offence.
Tuesday, 27/09/2022 | 18:24 GMT by Solomon Oladipupo
Executives

Veteran Nick Spencer-Skeen Joins UAE-Based Trading Platform Provider

  • He joined newcomer APM Capital Limited as a Senior Executive Officer.
  • Spencer-Skeen has over 30 years of industry experience.
Tuesday, 30/08/2022 | 19:24 GMT by Solomon Oladipupo
FinTech

UAE’s Free Zone Regulator FSRA Fines Wise $360k for Gaps in AML System

  • No actual instance of money laundering was found.
  • FSRA said Wise has taken 'substantial steps' to cover identified gaps.
Tuesday, 30/08/2022 | 14:37 GMT by Solomon Oladipupo
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