Doo Group Sets Up Office in Dubai

Doo Group, a provider of retail and institutional offerings in the retail Contracts for Difference (CFDs) industry, has entered the Middle East with the opening of a new office in Dubai, United Arab Emirates.

The move, announced yesterday, is strategic “to strengthen its presence in the Middle East and tap into the region’s thriving business landscape.” The group is also expanding its customer base in the region.

In the Dubai office, the group will have a team with extensive expertise in digital technology, software development and customer support. The Dubai team will serve regional clients.

“By having a physical presence in Dubai, the company aims to enhance its responsiveness to client needs, deepen relationships with key stakeholders, and deliver tailored digital solutions that drive business growth,” the official press release noted.

Doo Group provides brokerage services through three entities: Doo Clearing, Doo Financial, and Doo Prime, asset management services under Doo Wealth, payment and exchange services under Doo Payment Exchange, and financial technology services through two entities: Doo Tech and Fin Points. 

In addition to the newly established Dubai office, Doo Group has branch offices in the United States, the United Kingdom, Cyprus, Egypt, South Africa, Seychelles, Mauritius, Hong Kong, Thailand, Malaysia, Singapore, Vanuatu and Australia. The group holds multiple operational licenses from regulators in most of the jurisdictions in which its entities are located. However, it has not yet obtained a license from Dubai authorities.

“The company remains dedicated to empowering organizations with innovative digital solutions that optimize operations, enhance customer experiences, and drive sustainable growth in the digital age,” the announcement added.

Previously, the group reported that its brokerage platform handled more than $452.3 billion in trading volume in the first half of 2023, representing an annual growth rate of 39.4%. In addition, Doo Group's trading platforms had more than 130,000 active clients at the end of the period.

(Source: Finance Magnates)