Australia-based broker IC Markets is taking steps to enhance its presence in the Middle East by seeking a license in the United Arab Emirates. The specific regulatory body that the broker intends to approach within the UAE is yet to be confirmed. This initiative is part of a larger strategy aimed at broadening its operations...
Billionaire Michael Platt’s private investment firm, BlueCrest Capital Management, has obtained full regulatory authorization from the Dubai Financial Services Authority (DFSA). This approval allows the firm to hire traders and manage capital from Dubai, a city that has increasingly become a hub for money managers in recent years. According to sources familiar with the situation,...
Tap Payments has secured a Retail Payment Services License from the Central Bank of the UAE (CBUAE), completing its regulatory approvals throughout the Gulf Cooperation Council (GCC). With this new license, Tap Payments is now one of the most licensed payment providers in the region, reinforcing its commitment to compliance as it works to unify...
US-based Lift Aircraft is set to introduce its HEXA electric vertical take-off and landing (eVTOL) aircraft in the UAE, aiming to make flying accessible to everyone. The HEXA is currently showcased at the UAE pavilion during GISS this week. Subject to regulatory approvals, the company hopes to conduct HEXA’s inaugural flight in the UAE on...