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4/22/24, 2:03 PM Capital.com Opens New Regional Headquarters in UAE after Obtaining Local License — TradingView News
Commodities Authority. Tarik Chebib, the President of Brokerage for

Middle Eastern Operations, who joined the company in 2021,

conveyed this information yesterday (Tuesday).

“As a cutting edge fintech company regulated across multiple

jurisdictions, the UAE was a natural choice for our first subsidiary in

the region,” Kypros Zoumidou, the Group Chief Executive Officer of

Capital.com, said.

And he added that the UAE offers a business-friendly ecosystem and

supportive market-entry requirements, making it a “perfect location

as a base” for Capital.com’s wider expansion.

Capital.com's expansion into the new market is crucial, especially

since the company has suspended the acceptance of new clients in

its standard positions. Two weeks ago, the firm announced it was

suspending the onboarding of new accounts in the UK.

Leveraging UAE's Tech Ecosystem and Talent Pool

As part of the NextGenFDI program, Capital.com will benefit from

the UAE's robust technology ecosystem and deep talent pool.

Previously, the company sponsored initiatives like NextGenTalent,

which aimed to develop advanced technology skills among Emirati

youth.

"The UAE offers not just one of the most vibrant ecosystems in the

world but also serves as an access point to expanding regional

economies and the high-growth markets of Asia and Africa," said Dr.

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