As part of its relentless efforts to strengthen its digital transformation leadership in collaboration with its partners of brokerage firms, the Dubai Financial Market (DFM) today hosted the launch of BHM Capital’s (Smart Digital On-boarding System), culminating a fruitful stage of full coordination and technical support from the DFM during the implementation of the of the system and the successful connectivity between the two sides.

SHUAA Capital psc (DFM: SHUAA), the leading asset management and investment banking platform in the region, has successfully completed a strategic investment in UAE-based fintech, Souqalmal (the “Company”). The investment will provide growth capital, allowing Souqalmal to execute on an ambitious growth plan over the next 24 months. 

As the largest MENA economy bounced back in 2021 according to the International Monetary Fund, by Q3 the region saw a 6.8% growth far outperforming the 2.3% projection for the year. Driven by low unemployment rates and an uptick in oil demand and growth in non-oil sectors, this rebound is set to continue into 2022.

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