CEO of ATFX Mena, Khaldoun Sharaiha added: The UAE's pioneering role in drafting regulations and driving industry development across various asset classes is a boon to the investors in the region and paves the way for forward-thinking firms to offer a secure and productive environment for such investors. ATFX has been actively pursuing licensing in…
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He continued: EMEA Global Financial Consultancy ticks all the boxes for us. They have a great reputation in the region and a strong client base of brokers throughout the Middle East and India. We are delighted to be partnering with them and look forward to building our business in this region together. Sachin Verma, Managing…
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DEX CEO Leon Smith commented: At DEX, our goal is to provide investors with a digital assets platform that delivers a best-in-class, fully regulated trading experience. For us, that means ensuring confidence through robust regulation, transparency and security. The ADGM's rigorous and progressive approach to digital asset regulation provides the strongest possible foundations for launching…
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H.E. Essa Kazim, Chairman of the DFM commented: In line with DFM’s Sustainability Strategy 2025, we are delighted to launch the first index of its kind from a financial market in the UAE and the region in cooperation with S&P Dow Jones Indices and Hawkamah, as part of our joint efforts to further develop the…
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The following article was written for LeapRate by Giles Coghlan, Chief Currency Analyst at HYCM The UAE’s growth outlook was lowered from 2.8% in April 2019 to 1.6% The International Monetary Fund (IMF) has revised the outlook of the UAE downward in line with cuts across the globe. As well as reductions to this year’s…
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A new major cryptocurrency is going to go live, after it was made public that the Saudi Arabian Monetary Authority (SAMA) and the United Arab Emirates Central Bank (UAECB) are partnering on the project "Aber". Aber is a cryptocurrency project launched by the two entities to facilitate financial transactions between the two countries through the technology…
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Back in October 2018, the United Arab Emirates announced its plans to make ICOs official corporate funding options and further expand its leading cryptocurrency position in the world. Reuters reported that the new regulation will come into effect some time in 2019, with ICOs legitimately "replacing" IPOs, if companies decide to do so. The major…
Read moreMubasher Financial Services (MFS), one of the Middle East's leading brokerage service providers for professional investors announced today the launch of the new trading platform, MTrade-Plus. A new addition to Mubasher Financial Services product offerings, MTrade-Plus provides a solid and efficient platform aimed to support retail and institutional investors. MTrade-Plus is a touch-optimized, multi-functional platform that applies creative…
Read moreMiddle Eastern regional securities market Dubai Financial Market (DFM) which is governed and regulated by the UAE Securities and Commodities Authority (SCA) this week announced that “International Financial Brokerage” has been accredited to provide margin trading services, lifting the total number of DFM brokerage firms providing this service to 32 companies. The total value of margin…
Read moreThe Dubai Financial Services Authority (DFSA) today announced that it has received a request from Nasdaq Dubai Ltd to obtain designation as the National Numbering Agency (NNA) for the jurisdiction of the Dubai International Financial Centre (DIFC). The role of the NNA is to accept registration information from issuers of new financial instruments such as…
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