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Robinhood applies for a Dubai license, seeking expansion in the Middle East and North Africa market.
On August 14, according to financefeeds, Robinhood is taking concrete steps to prepare for entering the Middle East and North Africa (MENA) market. The company has applied for a license from the Dubai Financial Services Authority (DFSA), which will allow it to legally offer forex and other trading services in the UAE. To promote this plan, Robinhood has appointed senior executive Mario Camara, who has experience with financial service licenses and operations, to lead the Dubai operations.