Dubai Denies Rumours of Issuing Gambling Licences

Dubai Government has issued a statement denying social media reports that the emirate has started issuing licenses for gambling activities. The Government of Dubai Media Office said reports circulating on so...

XTB Aims to Start UAE Operation by the First Half of 2021

X-Trade Brokers, known by its trade name XTB, is gearing up to expand its international operations and is aiming to enter the United Arab Emirates as soon as the first half of this year. “We are very close t...

Stripe Announces Official Launch in the UAE

Stripe, an online payment processing firm, announced yesterday that the company has officially launched its services in the United Arab Emirates (UAE). Additionally, the fintech firm is opening an office in D...

ADX Expects Jump in Liquidity after 22% Trading Fees Cut

The Abu Dhabi Securities Exchange (ADX) has announced on Monday the reduction of its trading activity fees for all exchange transactions by more than 22 percent from the existing 0.225 percent to 0.175 percen...

Adyen Enters Middle East, Opens Dubai Office

Dutch payments company, Adyen (AMS: ADYEN) announced on Tuesday about the expansion of its service in the Middle East and opened a regional office in Dubai to closely manage its business in the region. “We’r...

GO Markets Obtains UAE Broker License

Melborne-based broker GO Markets has expanded in the MENA region and secured a broker license from the UAE Securities & Commodities Authority (SCA), FortuneZ has learned. The license was awarded to the c...