CoinMENA granted provisional licence in Dubai

Crypto exchangeDubai’s Virtual Assets Regulatory Authority (Vara) has issued a provisional virtual assets licence to Bahrain-based digital assets exchange CoinMENA. The move will give CoinMENA the ability to conduct business in Dubai while it applies for a full licence. Vara launched in May claiming to be the first regulator to have its headquarters in the metaverse. CoinMENA has secured two digital assets licences so far in its first year – one issued by the Central bank of Bahrain and the other in the European Union. “As a result of the provisional licence issued to CoinMENA by the authority, we will be able to expand our activities and further strengthen our banking relationships within the UAE,” said CoinMENA co-founders Talal Tabbaa and Dina Sam’an in a joint statement. “Regulatory clarity is critical for our users and investors,” added Sam’an. “This allows us to contribute to building a robust regulatory infrastructure, and enable the sustainable growth of the digital economy in the region.” ©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.


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.