Global broker to attract Foreign Direct Investments and support UAE’s economic growth amid global challenges.

Razan Hilal, Market Analyst, CMT at FOREX.com.

PC: Zawya

FOREX.com, a leading broker and a subsidiary of the Nasdaq-listed StoneX Group, will attend the extremely anticipated 7th Forex Expo Dubai edition, occurring on 7 and 8 October at Dubai World Trade Centre, where the company will host an essential platform presenting its capabilities and enhancing its role in the UAE’s financial market.

It should attract meaningful Foreign Direct Investments or FDI – a direct positive alignment with current goals for the economic diversification happening in the UAE. The country’s government has been able to dramatically diminish its reliance on oil by developing other areas of business, such as financial sectors, in its long-term approach to sustainable development.

Resilience of UAE Facing Global Economic Challenges

Now, many challenges face the world’s economy due to the central banks’ new monetary policy arrangements meant to heighten market volatility. Meanwhile, there is a sense of safety and a business climate as offered by the UAE that investors are looking for in order to find long-term growth and stability.

This has made the country isolated from other major economies in respect of its resilience to economic shocks. Political stability and policies being investor-friendly have made the UAE an attractive business climate, making it a resilient hub of economic systems. All of this falls in the context that the UAE seeks to diversify its economy in order to put an end to dependence on revenues from oil.

According to Razan Hilal, market analyst and Chartered Market Technician at FOREX.com, the UAE’s strategic location has really helped their trade flow and contributed to the country’s non-oil GDP. The UAE, says Hilal, will hold its record in the real estate sector and increase liquidity, establishing it as a haven for investors.

Another strong factor highlighted by Hilal is that political stability of the UAE as well as the encouragement that the UAE is providing to international business collaborations enhances the investment attraction. Only recently, forecasts predict a growth of 4 percent even more in the non-oil GDP for 2024, which trade, manufacturing, finance and insurance, and real estate sectors are expected to lead. Growth in trade is expected at 16.1 percent, manufacturing at 14.6 percent, finance and insurance at 13.4 percent, and real estate at 7.1 percent.

FOREX.com Impact of the company at UAE Financial Arena

Currently, FOREX.com is a major player and a presence is marked in the trading arena of UAE, and it is expected that it will further consolidate its position by participating in Forex Expo Dubai. During the last 15 years, it has developed a rich experience by serving a long list of 454,000 customers spread over 21 countries by using advanced trading platforms, improved execution, and a competitive spread.

FOREX.com boasts one of the largest trading operations in the UAE with more than 4,300 employees worldwide. Company Background – Forensic accounts define the company’s past record concerning financial stability and strength, making it a critical contributor to the country’s burgeoning forex market. Increasing demand for forex trading in the UAE further fosters the country’s economic diversification strategy through the promotion of financial services as a critical element in its non-oil economy.

Forex Expo Dubai: Gateway to Investment Opportunities

The change in nature of the economy of the UAE, with its diversified economic strand, changes the Forex Expo Dubai into an important event that channels exposure towards the country’s financial services sector, welcoming in global investments. It will then become the right ground for investors, brokers, and financial institutions to find out about regional opportunities.

Another aspect, its coming to the event will concern more about emphasising commitment towards the UAE market and affirming the role it plays in the promotion of economic growth of the country. FOREX.com may attract large FDI greatly which would significantly help boost the long-term economic goals of the UAE.

In conclusion, the Forex Expo Dubai 2024 will hold the key for the financial sector in the United Arab Emirates, and an attendance by FOREX.com should have much resonance. This is because the country’s ability to proceed with a diversified strong economy has been used as a growing ground for innovation and grand investment opportunities during the Expo.