ICM Capital opens branch in Dubai

Dubai - Speaking at an event at the Burj Al Arab celebrating the new 30-person office, ICM Capital Director Shoaib Abedi said that Dubai is the logical next step for the company.



By Staff Reporter

Published: Wed 18 Nov 2015, 11:00 PM

Last updated: Thu 19 Nov 2015, 8:53 AM

UK-based ICM Capital - an online trading firm - will open a new Dubai branch in Business Bay in January, in local partnership with Mohammed and Abdulla Habib Al Mulla.
Using online platforms, ICM Capital allows customers to become involved in foreign exchanges as well as in commodities and CFD trading - all conducted online or even through mobile devices linked to bank cards.
Speaking at an event at the Burj Al Arab celebrating the new 30-person office, ICM Capital Director Shoaib Abedi said that Dubai is the logical next step for the company.
"We have been active for six years and have offices around the world. We're very active in Asia, we're very active in Europe and in the UK itself, and in the Middle East we've been very active as well but not directly," he said. "Now, with the partnership of the prestigious Al Mulla family, we've decided to open a Dubai office in order to provide local support, local training and local seminars, and educate people about what Forex trading is all about."
"Dubai is the most advanced city in the Middle East nowadays, and has a very good financial system and a very good banking system," he added.
- reporters@khaleejtimes.com


More news from Business
In-store shopping regains trust

Business

In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business4 days ago