Author: Stephen Nellis
Plus500, the renowned forex and contracts for difference (CFDs) trading services provider, has significantly expanded its operational footprint in Israel. The company has notably doubled its office space by leasing an additional 5,800 square meters in the Gev-Yam project located in Haifa, a move highlighted by the local media outlet Walla. This expansion is a strategic response to Plus500’s anticipated growth over the next few years. Aden Dahan, Plus500’s Vice President of Recruitment and Human Resources, emphasized the strategic foresight behind this expansion, stating, “The company’s new offices will respond to the expected growth of the company in the coming…
Moneta Markets, a prominent FX and CFD broker, recently announced Fadi Reyad as its new Chief Market Strategist for the Middle East and North Africa (MENA) region. Reyad’s impressive background includes roles with leading Forex brokers and in the UAE’s banking industry, making him a notable figure in finance. He is recognized for his extensive knowledge and expertise, underscored by regular appearances on CNBC, Sky News, and Bloomberg. Reyad, who is bilingual in Arabic and English, aims to use his communication skills to connect more effectively with the diverse clientele in the MENA area. David Bily, the Founder and CEO…
On Friday, a significant advancement occurred for former U.S. President Donald Trump’s financial prospects, as investors in a blank-check acquisition company, Digital World Acquisition Corp (DWAC), endorsed a merger with Trump Media & Technology Group (TMTG). This approval positions Trump to potentially gain from a valuation of approximately $5.7 billion. The merger notably boosts the valuation of Trump’s stake in the company, which oversees the social media app Truth Social, to an estimated $3.3 billion. This development comes at a critical time for Trump, who is navigating financial challenges stemming from various legal entanglements, including a notable $454 million judgment…
Thunes, a leader in cross-border payment solutions, has announced an important expansion of its partnership with Visa, aiming to bring new payment capabilities to crucial markets across Asia and Africa. This strategic collaboration is set to enhance the payment ecosystem by leveraging Thunes’ extensive network, allowing Visa to facilitate payments to over 108 digital wallet types and bank accounts in several countries, including Kenya, the Philippines, Indonesia, and Pakistan. Moreover, the partnership will incorporate Visa Direct’s push-to-card capability, enabling efficient payouts to Visa cards and accounts in over 190 countries and territories. Chris Newkirk, Visa’s Global Head of Commercial &…
Saxo Bank’s Middle East and North Africa (MENA) division has announced the promotion of Tara Tyan to Chief Operating Officer (COO), highlighting a significant enhancement in its leadership team. Tyan, who has been an integral part of Saxo Bank for nearly six years, steps into her new role with a wealth of experience and a history of contributions within the company. Tyan expressed her enthusiasm about her new position on LinkedIn, stating, “Excited to share that I’ve recently taken on a new role as Chief Operating Officer at Saxo Bank MENA! I’m thrilled to embrace this new step in my…
The Financial Conduct Authority (FCA) has sounded the alarm on a fraudulent clone of Claims Solution UK Limited, dubbing the imposter Expert Solutions, which operates through the website expert-solutions.net. This entity is engaging in deceptive practices by impersonating the authorized financial company in an effort to trick individuals. Expert Solutions, the clone firm, has gone to lengths to fabricate various aspects of its identity, including its name, address, contact numbers, email, and web presence. Details such as a fake address at 32 Threadneedle St, London, EC2R 8AY, and counterfeit telephone numbers 447993930291 and 447488875788 are part of its strategy to…
OKX, recognized as the second-largest cryptocurrency exchange by trading volume, has announced its exit from the Indian market. The decision comes in the wake of challenging regulatory conditions in the country. OKX has urged its Indian users to liquidate their positions and withdraw their funds by the deadline of April 30. In a communication issued to its users in India, OKX expressed regret over the cessation of its services in the nation. “We regret to inform you that OKX is no longer providing services to the users in India,” the notice stated, attributing the shutdown to “local regulations.” OKX has…
IC Markets is excited to unveil the fourth season of its notable vodcast, IC Your Trade (ICYT), in collaboration with Bloomberg Media Studios. Launched in 2021, ICYT has risen to prominence as a leading global business vodcast, earning accolades for its insightful content designed to aid investors in their trading decisions. The show has attracted an array of distinguished guests, including Bruce Lee of Keebeck Wealth Management, former Presidential adviser Dr. Pippa Malmgren, and Ken Lek from Grab, who discuss pivotal trends and opportunities within the financial sector. The fourth season continues to captivate its audience, delving into significant macroeconomic…
Revolut, a leader in digital banking and fintech innovations, recently launched a Point-of-Sale (POS) iPad app specifically designed for the hospitality industry. This new application is aimed at enhancing operational efficiency and streamlining processes for restaurants, cafes, and similar establishments. By integrating seamlessly with Revolut’s card reader, the POS app allows businesses to deeply analyze sales data, keep an eye on inventory, and make swift, informed decisions through real-time analytics. This capability enables businesses to fine-tune their operations and quickly adjust to market changes. The app boasts a user-friendly interface that simplifies management across multiple locations from a single screen.…
Mastercard Inc. has enhanced its partnership with Alipay, the globally recognized mobile payment super-app from Ant Group Co., aiming to improve cross-border remittance services significantly. This strategic alliance builds upon the existing relationship between the two financial giants, allowing users to send and receive money through their digital wallets almost instantaneously. The initiative underscores a shared commitment to facilitating smooth financial transactions on a global scale, promising benefits for consumers worldwide. The collaboration is poised to revolutionize international money transfers by leveraging Mastercard’s comprehensive network. Consumers, through participating financial institutions, will now be able to execute payments across more than…