The foreign exchange (Forex) market in the Middle East and GCC region has been picking up speed over the past few years. The Middle East region is famous for its oil-rich countries, Islamic culture and rich history. In this exclusive interview, Carla Nemr, Chief Business Development Officer in Tickmill, shares with fintechview her insights on the region’s potential and the challenges.
Is there a trading demand/ growing investor appetite in MENA & GCC region?
The MENA and GCC are among the fastest-growing regions and have witnessed a significant rise in trading demand and a growing interest from investors. They are strategically positioned as an economic development and diversification hub and have drawn considerable attention from investors looking for diverse opportunities. This interest is further fuelled by the regions’ significant contributions to oil and gold production.
What are the factors driving the FX Trading growth potential to the region?
There are several factors contributing to the robust growth potential of FX trading in the region.
The expansion of digital infrastructure and a proactive approach to embracing technological advancements have created a conducive environment. Additionally, the region’s stable economic landscape and various investment incentives play a pivotal role in driving FX trading growth.
How is the regulatory framework?
The regulatory framework in the MENA and GCC regions is evolving to foster a secure and transparent trading environment. In fact, Tickmill UK took an important step in this direction by opening a representative office at the Emirates Financial Towers in Dubai, operating under DFSA regulation. In full compliance with these regulations, we provide our clients with a trustworthy trading experience.
How is Tickmill expanding in the region and why traders to choose the broker?
We are committed to expanding our presence in the region through strategic partnerships and a client-centric approach. Our expansion is rooted in understanding and meeting the unique needs of regional traders. Traders choose Tickmill for our competitive trading conditions, advanced technology, and a client support team on the ground dedicated to ensuring a seamless trading experience.
Who is Who
Carla Nemr is the Chief Business Development Officer at Tickmill. Carla’s business acumen and market awareness have largely contributed to the Group’s expansion. She was voted one of the”Influential Arab Women”during the Arab Women Summit 2022 in Dubai.
