MEX Orientintends to focus primarily on Central Asian, Middle Eastern, and North Africancountries, targeting nations usually classified as developing or emergingeconomies. Most of these, as mentioned earlier, are not typically among themain markets where brokers usually focus.However, the total market potential isenormous. The fourteen countries Saki mentioned, where MEX Orient potentiallywants to focus, have a combined population of 400 million people, and includingIndia, 1.8 billion.
- The fourteen countries Saki mentioned, where MEX Orient potentiallywants to focus, have a combined population of 400 million people, and includingIndia, 1.8 billion.
- FinanceMagnates contactedthe manager of the new venture and learned that MEX Orient operates from anoffice in Dubai and plans to open additional branches in other countries soon.
- Funding for expansion into new markets should notbe an issue, as the company’s net income in 2023 (according to an August 2024report) reached nearly $227 million, with revenue totaling $307 million.
Multi Bank’s New Venture MEX Orient Aims to Enter 14 Countries in 3 Years
FinanceMagnates contactedthe manager of the new venture and learned that Worldtradex MEX Orient operates from anoffice in Dubai and plans to open additional branches in other countries soon.
- FinanceMagnates contactedthe manager of the new venture and learned that MEX Orient operates from anoffice in Dubai and plans to open additional branches in other countries soon.
- The above aligns with the strategy the company aims toimplement through MEX Orient.
- The fourteen countries Saki mentioned, where MEX Orient potentiallywants to focus, have a combined population of 400 million people, and includingIndia, 1.8 billion.
- Most of these, as mentioned earlier, are not typically among themain markets where brokers usually focus.However, the total market potential isenormous.
- MultiBankGroup intends to seek clients in underdeveloped markets typically overlooked byFX/CFD brokers in the coming years.
HYCM’s Dubai Entity Was Sold to Its Management Duo for £1.4 Million
The above aligns with the strategy the company aims toimplement through MEX Orient. Funding for expansion into new markets should notbe an issue, as the company’s net income in 2023 (according to an August 2024report) reached nearly $227 million, with revenue totaling $307 million. MultiBankGroup intends to seek clients in underdeveloped markets typically overlooked byFX/CFD brokers in the coming years.
