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MEX Global’s Cash Payout Service: A Game-Changer for UAE Clients

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MEX Global

In an exclusive interview with Naser Taher, Founder and Chairman of MultiBank Group, Financial Integrator delves into the company’s strategic partnership with Al Ansari Exchange, which has launched innovative cash payout services to improve financial accessibility in the UAE. As part of its global expansion, MultiBank Group is leveraging cutting-edge technologies such as AI, blockchain, and digital assets to fuel growth and address the evolving needs of its clients.

What inspired MEX Global to introduce cash payment services in partnership with Al Ansari Exchange, and what core objectives are you aiming to achieve with this service in the UAE market?

At MultiBank Group, we are committed to staying ahead of market trends by innovating and adapting our offerings, ensuring it meets the evolving demands of the financial world. Through our subsidiary, MEX Global, we introduced this innovative cash payout service in partnership with Al Ansari Exchange to provide clients in the UAE with a more seamless, flexible, and accessible way to manage their funds.

By leveraging Al Ansari Exchange’s extensive branch network, we aim to simplify financial transactions, offering our clients the convenience of depositing and withdrawing funds in a secure and efficient manner.

Through strategic alliances with key financial entities like Al Ansari Exchange, MultiBank Group enhances its operational capabilities, drives strategic growth, and reinforces its commitment to delivering excellence in customer satisfaction.

Where is MultiBank Group seeing the biggest growth in its client base? Are there specific sectors or services you’re focusing on for future expansions?

Since its inception in 2005, MultiBank Group has emerged as the world’s largest financial derivatives institution, with a client base of over 1 million in more than 100 countries. Our expansion continues to be on enhancing our service offerings, adopting latest technologies, and strengthening our global presence.

In the future, we are enhancing social trading with advanced features, influencer partnerships, and the MultiBank Academy. Through the MultiBank Chain, we aim to bridge real-world assets with crypto derivatives while advancing AI-powered trading with smart bots and machine learning. We plan to launch the MBG Token, which will facilitate seamless transactions, staking, and decentralized finance, alongside an NFT marketplace for digital assets. Additionally, our future plans include MultiBank INC, a fully digital bank integrated with our trading platforms, and MEX PAY, an electronic payment gateway for retail and institutional clients. These initiatives reflect our commitment to merging traditional finance with cutting-edge technology to serve evolving client needs.

What is MultiBank Group’s perspective or take on the state of the GCC economies?

Relocating to Dubai has brought us closer to global markets, given us a strong regulatory environment, and placed us within a thriving regional financial ecosystem. According to the World Bank, the GCC countries are making significant strides in diversifying their economies, moving beyond traditional oil

dependency. Economic growth in the region is projected to rebound to an impressive 4.7% by 2025, driven by proactive investments in non-oil sectors and a steady recovery in oil production.

This resilience highlights the GCC’s commitment to fostering a sustainable and robust economic future, underscoring its role as a key player in the global economy. At MultiBank Group, we view this transformation as an opportunity to align with the region’s progressive vision and contribute to its continued success through innovative financial services and solutions.

With a daily trading volume exceeding $18.1 billion, what trends do you see shaping the future of financial derivatives trading, particularly in the UAE and the GCC?

MultiBank Group is creating a comprehensive and secure financial ecosystem, ensuring our clients have access to the most advanced, efficient, and user-friendly trading platforms. This forward-thinking approach positions us as leaders in the financial derivatives market, particularly in the UAE and the broader GCC region.

Blockchain and AI are pivotal in shaping the future of financial derivatives trading and are central to MultiBank Group’s strategy. Our new AI division, MultiBank-AI, focuses on integrating AI into our internal processes and client services to boost efficiency and enhance the customer experience. Blockchain adds security and transparency, and we’re pioneering ways for clients to trade cryptocurrencies versus traditional assets combined with a state-of-the-art social copy trading platform, creating new opportunities in finance.

We see the industry moving towards more digital integration, especially in fintech, and we’re committed to growing our digital asset offerings, upgrading our tech infrastructure, and maintaining top-tier compliance and customer service to stay competitive.

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Financial

CFI Caps Off Record-Breaking 2024 with Unprecedented Q4 Performance, Surpassing $1.12 Trillion In Trading Volume

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CFI Financial Group has concluded 2024 with record-breaking achievements, reinforcing its status as one of the fastest-growing online trading providers worldwide. With an all-time high in trading volumes, exponential growth in active clients and significant global expansion, CFI has set new industry benchmarks, solidifying its position as a dominant force in online trading.

Q4 2024: A Historic Finish to a Landmark Year

  • Unprecedented Trading Volume: In Q4 2024, CFI shattered previous records, surpassing $1.12 trillion in trading volume, exceeding Q3’s $1.03 trillion. This milestone brings H2 2024’s total to a staggering $2.15 trillion, reflecting a 142% year-over-year increase from H2 2023.
  • Surging Client Activity: Q4 saw a 27% increase from Q3 in active clients. New clients continued their rapid ascent, reinforcing CFI’s commitment to providing accessible and efficient trading solutions.
  • Soaring Client Deposits & Transactions: Q4 saw a 39% increase in client funding, following a 31% jump in Q3, reflecting growing confidence in CFI’s offerings.

Strategic Expansion & Leadership Reinforcement in Q4

CFI’s relentless pursuit of global growth and leadership reinforcement was evident in Q4 with key expansions and executive appointments, including:

  • Launch of CFI Financial Investment Company in Azerbaijan, marking the firm’s first licensed local presence in the region, with Ilgar Rustambayli appointed as CEO.
  • Commencement of operations in South Africa, furthering CFI’s reach across continents, with Zihaad Israfil named CEO.
  • Opening of CFI’s third UAE office in Sharjah following its second one in Abu Dhabi, strengthening the company’s regional presence and accessibility.
  • Introduction of the CFI Rewards Program, offering exclusive incentives such as VIP experiences at global sporting events and unique client engagement opportunities.
  • Appointment of Ahmad Khatib as Chief Business Development Officer and Ziad Melhem as Chief Marketing Officer, further strengthening CFI’s leadership team and positioning the company for continued strategic growth.

Industry-Leading Partnerships & Brand Expansion

  • Official Online Trading Partner of MI Cape Town, connecting with cricket’s massive 2.5 billion-strong global audience.
  • Exclusive “CFI Driven by Success” Celebration at Dubai’s Museum of the Future, featuring Global Brand Ambassador and seven-time Formula 1 World Champion Lewis Hamilton.
  • Launch of the “Trading Transparency+” Program, an initiative dedicated to market education, trading realities and risk awareness, reinforcing CFI’s commitment to responsible trading.

2024: A Year of Unparalleled Success & Growth

  • Total annual trading volume exceeding previous records, cementing CFI as an industry leader.
  • A 120% year-over-year increase in new clients, reflecting traders and investors solid demand for the company’s services.
  • Expansion into new markets, solidifying CFI’s international footprint and reputation as a top-tier financial institution.
  • Technological advancements, including AI-driven trading tools and seamless platform integrations, enhancing the overall trading experience.
  • New Global Brand Ambassador Lewis Hamilton, Seven-Time Formula 1 World Champion, aligning with the group’s unwavering pursuit of excellence, innovation and advocacy for diversity  and inclusion.
  • Strategic Regional Partnerships with the Department of Culture and Tourism – Abu Dhabi, including extended collaborations with NBA Abu Dhabi Games  and UFC 308, as well as partnerships with FIBA WASL, the Khaleeji Zain 2024 GCC Cup  and many more.

Looking Ahead to 2025

Building on this extraordinary year, CFI remains committed to sustained growth, technological innovation and expanding its reach in key markets. With new initiatives in the pipeline, CFI is poised to redefine excellence in the online trading industry in 2025 and beyond.

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Financial

SemanticPay: Pioneering Seamless AI Transactions for the Agent Economy

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SemanticPay

A cutting-edge AI startup emerges from stealth, announcing the launch of SemanticPay, a groundbreaking solution designed to power the emerging AI agent economy. SemanticPay is set to become the essential infrastructure that enables AI-powered agents to seamlessly transact and create value in the digital world. Developed by a team of AI, FinTech, and Web3 experts, SemanticPay will establish the monetization layer necessary to support autonomous AI agents, positioning itself as the first mover in this transformative space.

The rapid evolution of AI, decreasing compute costs and breakthroughs in AI models like DeepSeek R-1 are democratizing access to powerful AI leading to the proliferation of autonomous “AI agents” – intelligent systems capable of executing complex tasks, optimizing workflows, and unlocking new revenue streams. However, the current internet infrastructure, designed for human interactions, presents significant challenges for AI agents to transact seamlessly. “The internet was built by humans for humans, not agents,” says one of the co-founders of SemanticPay. Challenges arise such as compatibility issues with human-centric systems, regulatory uncertainty that slows adoption rate, restrictive firewalls that misidentify agents as bots, and outdated monetization models not suited for microtransactions.

This is where SemanticPay steps in – building the “Visa for AI” – a comprehensive platform that addresses these challenges and empowers AI agents to become full participants in the digital economy. SemanticPay builds a robust transaction infrastructure that allows AI agents to securely interact, access services, and engage in economic activity. By developing a specialized infrastructure, they will eliminate these constraints and unlock new opportunities for an AI-powered economy.

Key Features of SemanticPay Include:

  • Access: SemanticPay’s Agentic API layer ensures that AI agents can access web services and data sources seamlessly, unlocking new opportunities for interaction and information retrieval.
  • Identity: Traditional internet structures often categorize AI agents as bots, blocking their ability to perform legitimate tasks. Through Agent ID and “Know Your Agent” (KYA) protocols, SemanticPay establishes a secure, compliant framework for transactions, building trust and ensuring regulatory adherence.
  • Payment: The platform will offer optimized payment rails, supporting fiat currencies, stablecoins, and cryptocurrencies for high-frequency, low-value transactions crucial to the AI agent economy.
  • Empowerment: Value-added services such as data analytics, decision-making tools, and access to specialized AI models will enhance the capabilities of AI agents, driving efficiency and growth.

Rooted in the GCC, SemanticPay aims to scale globally, with its team currently having a presence in APAC and Europe. They are building the foundation for a new AI-powered economy that bridges the gap between web operators and AI agent builders – paving the way for a future where these intelligent agents play a vital role in our digital world, driving innovation and creating value for all stakeholders.

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Financial

Hasnae Taleb and Jeff Ransdell to Drive Innovation in UAE with a $45 Million to Support UAE Startups

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Mintiply & Fuel Venture

Jeff Ransdell, Managing Director and Founding Partner of Fuel Venture Capital, and Hasnae Taleb, Managing Partner of Mintiply Capital, are making waves in the UAE investment landscape by introducing a $300 million vintage fund. This ambitious initiative dedicates $45 million specifically to fuel the growth of startups within the GCC region. The fund is strategically structured to offer regional investors a rare opportunity to capture exponential returns by backing high-growth ventures before they reach public markets.

The collaboration between Mintiply Capital and Fuel Venture Capital takes the form of a Special Purpose Vehicle (SPV), leveraging both firms’ unmatched expertise in capital markets and venture investments. With decades of collective experience, Ransdell and Taleb are uniquely positioned to guide companies through the critical phases of growth, scaling, and eventual public listings. Their shared vision is built on the understanding that private market investments in pre-IPO companies have the potential to generate immediate returns of up to 200% from day one, presenting a transformative proposition for investors across the UAE and broader GCC region.

The vintage fund provides access to an elite portfolio of high-potential startups backed by Fuel Venture Capital. Notable names include:

            •           Betr – A disruptive sports betting platform co-founded by Jake Paul, integrating real-time engagement with microbetting.

            •           Curve – A fintech innovator providing a single card that aggregates all financial accounts into one seamless experience.

            •           CookUnity – A chef-to-consumer platform redefining meal delivery with curated, gourmet-quality meals.

            •           Novopayment – A fintech infrastructure company driving digital payments innovation across the Americas.

            •           Aexlab – A pioneer in virtual reality gaming and social engagement technologies.

These companies are not just building market-leading products; they are poised to reshape industries and create outsized investment returns when they enter the public markets.

Jeff Ransdell and Hasnae Taleb believe in creating pathways for local investors to participate in the most promising global opportunities. This vintage fund provides GCC-based investors exclusive pre-market access to disruptive businesses that would otherwise remain out of reach until a much later stage.

Jeff Ransdell, founder of Fuel Venture Capital, brings a remarkable career spanning decades in public markets. As a former Managing Director at Merrill Lynch, he led a team responsible for managing a staggering $130 billion in assets for some of the world’s most influential investors. His deep understanding of capital markets, asset management, and scaling high-growth companies provides him with a unique ability to identify and nurture disruptive startups poised for exponential success.

Hasnae Taleb shattered barriers as the youngest equity trader on Wall Street and the first Arab African woman to achieve such recognition in global capital markets. Known for her sharp analytical mind and fearless decision-making, Taleb earned the nickname “Shewolf of Nasdaq” for her unparalleled ability and navigate high-stakes trading scenarios with precision. Now, as Managing Partner of Mintiply Capital, she leverages her expertise in trading, equity markets, and entrepreneurship to build ecosystems that empower innovators and investors alike.

“Both Jeff and I understand what it takes to list companies and the immense value creation that occurs before a company goes public,” said Hasnae Taleb. “We are bringing this opportunity to investors in the region to give them access to exceptional returns and a strategic advantage over traditional investment avenues.”

Jeff Ransdell added, “The GCC market is evolving rapidly, and there’s a growing appetite for sophisticated investment vehicles. This fund delivers exactly that — it empowers investors to support transformative businesses while capturing the kind of returns typically reserved for institutional players.”

The introduction of this vintage fund and the strategic partnership between Mintiply Capital and Fuel Venture Capital reflect a shared commitment to enhancing the financial ecosystem in the UAE and KSA. By supporting visionary entrepreneurs and scaling innovative businesses, the duo aims to foster sustainable economic growth and establish the region as a hub for entrepreneurial excellence and venture capital success.

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