Altery MENA Receives DFSA License to Operate in UAE
Altery, a UK-based fintech company, has confirmed that its MENA subsidiary, Altery MENA, has been granted a regulatory license by the Dubai Financial Services Authority (DFSA).
The authorisation forms part of Altery's broader strategy to develop regionally compliant financial hubs.
The UAE, particularly noted for its high uptake of digital payments and forward-leaning regulatory environment, has been identified by Altery as a key location for regional operations.
With the new license, Altery MENA is permitted to facilitate the collection and expenditure of funds in local currencies (AED/GCC) within the UAE.
The license does not cover activities related to cryptocurrency or cross-border money transfers.
However, the company stated that this approval marks 'a critical first step,' as it allows for onboarding of users in a priority market and the establishment of the necessary compliance infrastructure.
Altery is currently working with the DFSA to implement the operational, technical, and compliance frameworks required ahead of its market launch.
The firm said the approval signals a 'strategic milestone,' underlining its commitment to regulated expansion and alignment with international financial standards.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
28 minutes ago
- Al Etihad
flydubai reinstates flights across the network and gradually resumes full schedule
25 June 2025 16:09 DUBAI (ALETIHAD)The Dubai-based carrier will resume operations to the Syrian capital from 26 June 2025. Flights to Damascus will operate daily from Terminal 2, Dubai International (DXB).This move comes as more airspace in the region reopens and restrictions are lifted. The carrier plans to resume its full schedule across the network from 01 July, following the completion of all necessary assessments. This remains a developing situation, and both flight and network planning are continuously reviewed, with flydubai operating within approved international air corridors and adjusting frequencies as on the resumption of operations, Ghaith Al Ghaith, Chief Executive Officer at flydubai, said: 'We continue to monitor the situation closely and adjust our flight schedule accordingly. Our agility and preparedness have enabled us to act quickly during challenging times, while adhering to the highest operational standards and always prioritising the safety of our crew and passengers. We are pleased to see our operations resuming and look forward to the return of services to the remaining affected markets soon.'Customers are advised to update their contact details by visiting Manage Booking and to check the status of their flights on Flights are available to book on the official flydubai App, the UAE Contact Centre at (+971) 600 54 44 45, the flydubai travel shops or through our travel partners.
Al Etihad
28 minutes ago
- Al Etihad
Witthal Gulf Industries to set up Dh40 mn plant in KEZAD
25 June 2025 15:34 ABU DHABI (WAM)Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Witthal Gulf Industries have announced the signing of a 50-year land lease agreement for the establishment of a state-of-the-art plant in Taweelah, Gulf Industries will invest Dh40 million for the project that will establish the UAE's first lithium battery recycling plant in KEZAD. As both KEZAD Group and Witthal Gulf Industries envision a sustainable future for industrial development, the collaboration is slated to create a robust infrastructure for responsible recycling of lithium plant will leverage cutting-edge technology for recycling end-of-phase batteries used in manufacturing industries, particularly electric vehicles, solar farms and other renewable energy systems to recover valuable materials such as black mass, copper and aluminium, and produce sustainable Gulf Industries is part of Singapore-based Witthal Group and has a significant presence across the Middle East, Asia, and West Africa. The company stands at the forefront of the global commodities market, ethically sourcing and trading essential materials such as rubber, tyres, minerals, and lithium ore to fuel sustainable industrial growth and strengthen critical global supply Al Hameli, CEO, Economic Cities and Free Zones, AD Ports Group, said: 'Both KEZAD Group and Witthal Gulf Industries are driven by the same vision for sustainability. The partnership is based on a solid foundation that will provide the platform for innovation, and focus on technological advancements that contribute to sustainable industry growth in KEZAD. KEZAD Group is excited to facilitate and support a project that offers sustainable solutions for industry waste, and aligns with the UAE's net zero goals.'Suresh Kumar Nalappa (Vijayendra), CEO, Witthal Gulf Industries, said: 'Witthal Gulf Industries is excited to start its journey in KEZAD. We are thrilled to be part of an ecosystem that only provides the best resources but also encourages collaboration and innovation. We are confident that with our shared goals for sustainability, we will continue to push boundaries, address market demands responsibly, and ignite a new era of growth for both parties.' By addressing the critical need for responsible battery disposal, this initiative by Witthal Gulf Industries will contribute to the development of a circular economy. The recycling project will ensure the efficient reuse of resources, and minimise environmental impact by reducing energy consumption and greenhouse gas emissions.
Arabian Post
an hour ago
- Arabian Post
Top 10 Crypto Exchanges in Dubai (2025): The Smartest Platforms for Trading in the UAE
Dubai has earned its reputation as the financial and technological capital of the Middle East—and when it comes to cryptocurrencies, the city is blazing ahead. With crypto-friendly regulations, tax-free gains, and strong government support for blockchain innovation, more people than ever are turning to secure, efficient crypto exchanges in Dubai to buy, sell, and hold digital assets. Whether you're an investor, trader, or curious beginner, choosing the right Dubai crypto exchange is essential for security, liquidity, and convenience. Here's our updated list of the top 10 exchanges dominating the UAE market in 2025. 1. Godex – Best for Fast, Anonymous Crypto Swaps in Dubai If privacy and simplicity are your priorities, Godex is the number one choice in Dubai. This no-KYC exchange lets users convert over 300 cryptocurrencies instantly—without registering or submitting ID. It's the perfect solution for traders who value confidentiality and want to avoid time-consuming account setups. ADVERTISEMENT Key advantages of Godex: 100% anonymous—no sign-up required Fixed rates with no slippage risk Unlimited transaction volumes Fast, secure swaps with 300+ coins No regional restrictions For users in Dubai who want a smooth, private trading experience, Godex offers the most streamlined option on the market. 2. Binance UAE – Global Leader with AED Integration Binance remains the world's most popular exchange and has customized services for UAE residents. Its integration with local banks allows AED deposits and withdrawals, making it one of the most convenient crypto exchanges in Dubai for both novice and advanced traders. Top features: Supports AED via local bank transfers High liquidity across hundreds of tokens Spot, margin, and futures markets Earn, staking, and card options Powerful trading tools and analytics Binance is ideal for serious investors who want access to the full range of financial products and deep market liquidity. ADVERTISEMENT 3. BitOasis – Licensed Exchange from the UAE BitOasis is Dubai's first and most recognized homegrown crypto platform. Regulated under the Dubai Virtual Assets Regulatory Authority (VARA), it offers a safe, legally compliant environment for trading crypto with AED. Why BitOasis is trusted: Regulated and compliant with Dubai law Local bank integration for AED transactions Beginner-friendly design BitOasis Pro for advanced users For UAE residents who want peace of mind and local credibility, BitOasis is a reliable option. 4. – Complete Crypto Banking Experience combines trading, payments, and rewards in a single app. With its crypto Visa card, staking options, and clean interface, it's become a go-to platform for users in Dubai who want a flexible and modern crypto lifestyle. Highlights: Spend crypto globally with a Visa card Passive income via staking and rewards Mobile-first interface DeFi and NFT access included is a smart choice for those looking to do more with their crypto than just buy and hold. 5. Rain – Regulated Simplicity for Gulf Region Traders Rain is a Bahrain-based exchange that serves Dubai residents with simplicity, transparency, and regulation. It's licensed by the Central Bank of Bahrain and aims to make crypto accessible in the GCC. Rain's key features: AED deposits and withdrawals Full compliance with regional regulations Beginner-friendly dashboard Strong Arabic and English support Rain is perfect for cautious users or newcomers who want a safe, local entry point into crypto investing. 6. Kraken – Security and Depth for Professionals Kraken is a global exchange trusted by institutional and high-volume traders. While not Dubai-based, it's fully accessible in the UAE and offers unmatched security along with pro-level features. Why traders love Kraken: Deep liquidity and low spreads Supports over 200 crypto pairs Cold wallet asset protection Margin and futures markets available For experienced traders or crypto funds based in Dubai, Kraken offers the infrastructure needed for serious trading. 7. Bybit – Fast-Paced Trading with High Leverage Bybit has captured the attention of Dubai's active trader community with its clean UI and powerful derivatives trading. It allows up to 100x leverage and doesn't require KYC for basic accounts, making it appealing to high-risk, high-reward traders. Features of Bybit: Derivatives and futures with leverage Instant account creation Launchpad and staking products Strong mobile experience If you like to move fast and capitalize on market momentum, Bybit is a strong pick. 8. OKX – The Best of Trading and Web3 in One OKX delivers a seamless blend of centralized and decentralized crypto services. From traditional markets to DeFi, NFTs, and DApps, it has become popular with Dubai's tech-native users who want flexibility and innovation. What makes OKX unique: Spot and futures markets DeFi access with Web3 wallet NFT marketplace and DApps Low fees and frequent promotions OKX is for users who want to be ahead of the curve and explore the future of blockchain in a single ecosystem. 9. KuCoin – Altcoin Access with a Global Community If you're interested in investing in the next big project before it goes mainstream, KuCoin is your platform. With hundreds of altcoins and regular listings, it's favored by risk-tolerant users in Dubai looking for early opportunities. KuCoin's benefits: 700+ tokens supported P2P trading and fiat gateways Copy trading and lending options Frequent token sales and airdrops KuCoin is especially popular among younger, exploratory investors building diverse crypto portfolios. 10. MEXC – Performance and Value for Everyday Traders MEXC has built a strong reputation in the UAE for its fast trading engine, low fees, and wide selection of assets. It frequently features token launches and emerging projects, making it attractive for both beginners and altcoin hunters. What MEXC offers: Early access to trending coins Crypto ETFs and copy trading Mobile app with intuitive design High-speed execution with low latency It's a great alternative to larger platforms, offering speed, innovation, and accessibility. Final Thoughts: Dubai Is Ready—Are You? Dubai's crypto ecosystem is booming, offering a wealth of platforms for every type of trader—from anonymous swaps on Godex to institutional-grade tools on Kraken, or lifestyle-focused options like If privacy, speed, and simplicity are your top priorities, Godex remains the clear winner. For fiat integration and local compliance, BitOasis, Rain, and Binance UAE provide seamless experiences for UAE residents. Meanwhile, Bybit, OKX, and KuCoin empower more active and adventurous traders. The future of finance is already taking shape in Dubai. Pick your platform wisely—and start building your crypto journey today. Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.
