News

Binance secures licence in Abu Dhabi

FTX, Abu DhabiOne of the firms at the centre of the collapse of crypto exchange FTX  has been approved to operate in Abu Dhabi. Digital assets exchange Binance has been awarded a financial services permission licence from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This will enable Binance to offer custody to its professional investor clients, subject to the conditions of its licence with the FSRA. Abu Dhabi was one of the first markets to introduce a virtual assets framework back in 2018 in order to further its ambitions to be a digital assets hub in the region. Meanwhile, Binance is looking to expand its presence in the Mena market. The firm made headlines recently as a potential saviour of stricken crypto exchange FTX. Binance offered to bail out FTX but then backed out of the non-binding agreement after discovering problems during the due diligence process. ©2022 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.