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UAE Finanace houses sign Cooperation agreement to enhance Forex & Commodities Trading and Investment

NOOR CAPITAL and Advanced Currency Markets (ACM) today signed a cooperation agreement providing NoorCapital Clients with access to the advanced trading facilities provided by internationally leading Forex & Commodities trading broker ACM.

This partnership is a valuable business match between a pioneering UAE investment house and an international trading and investment counterpart. Not only will this agreement open new avenues for UAE and GCC investors, it will also yield positive results in the regional finance market.

"This partnership is going to enhance the diverse financial services that we offer to our client base across the GCC, and is an added value to the many exciting products and investment opportunities that Noor Capital is seeking to launch in the near future." Said Dr. Hani Shammah, CEO of Noor Capital.

With a global transaction volume averaging $100 billion every month, and some 60,000 site visitors per day, ACM's trading and investment offering for the region and its regional partners is quite substantial. "We are very excited about expanding our client base to cover Noor Capital's local and regional investors, and will in return offer Forex & Commodities trading opportunities that have proven great value to our diverse client portfolio, and are sure to yield great results to our new valued partner in the region," concluded Saber Daboussi, GM of ACM Middle East & Asia.

Signing the MoU were Dr. Hani Shammah from Noor Capital and his ACM counterpart Mr. Saber Daboussi. Also representing Noor Capital was Mr. Hussain Al-Awaid, CEO of Noor capital's brokerage arm, Noor Financial Services.

Noor Capital is a Private Joint Stock Company investment house licensed and regulated by the Central Bank of the United Arab Emirates with an authorized capital of AED 1.2 Billion and a paid-up capital of AED 342.9 Million. The company's main financial services include asset management, investment banking, private equity, wealth management, treasury and structured products, international and local brokerage.

ACM is Swiss Based Brokerage House offering clients transparency, low margins and simplicity of use of its online Forex & Commodities trading platform. ACM is the first online Forex & Commodities broker to implant in the Middle East & Asia, and is the only online trading platform to offer fully Islamic conditions to its clients.(menafn.com)


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