Deep Tide TechFlow news, on August 14, according to Financefeeds, Robinhood has submitted a license application to the Dubai Financial Services Authority (DFSA) and plans to launch foreign exchange and other trading services in the UAE. The company has appointed Mario Camara, an executive with extensive experience in financial services licensing and operations, to lead the Dubai business.

After obtaining DFSA licensing, Robinhood will not only be able to serve users in the UAE but also use Dubai as a base to expand into the entire Middle East and North Africa market. Currently, Robinhood operates only in the US, UK, and some European markets, and has not yet ventured into the Middle East and North Africa region.