Article details
IG Group has reported record trading volumes in the Middle East, driven by its Dubai-based operations. The firm plans to launch a new app later this year as part of its strategy to evolve into a financial super app. Dubai office revenue rose to £28.7 million in the year ending May 2025, reflecting strong regional growth despite market disruptions. Meanwhile, Capital.com is seeking a CEO for its Cyprus-based Electronic Money Institution (EMI) and aims to establish operations in Bahrain, Azerbaijan, and Germany. This expansion highlights the broker’s long-term ambitions to diversify its regulatory and operational footprint.
The developments are significant for forex traders and regional investors, as IG MENA’s growth underscores the Middle East’s rising importance in global trading. Capital.com’s EMI expansion could enhance its compliance infrastructure, potentially attracting more institutional clients. For traders, these moves may signal increased competition and innovation in the MENA forex market, with implications for service quality and regulatory standards.
MENA investors should monitor how these expansions affect local market dynamics. IG’s app launch could introduce new tools for retail traders, while Capital.com’s EMI license pursuit may set precedents for regulatory compliance in emerging markets. Traders should also watch for potential partnerships or regulatory changes that could impact liquidity and trading costs in the region.
