For the studious, dedicated financial guru, it behoves to stay abreast of all the potential endeavours one can pursue. Take any reputable trading platform, for example. They will often open the window to all sorts of markets including the US, UK, and EU shares. One area that is sometimes overlooked by many is the MEA markets.
Through them, you can add a significant profit margin to your trading ROI. To that end, this article is here to bullet-point the basics to give you a greater idea of how to get started.
The MEA market is the Middle Eastern and African markets, and they are predicted to reach a compound annual growth rate of 7.6% by 2027, which is double what it is worth in 2023. That’s why it is a good ground, where you can get into a lift.
Purchasers in these regions are changing to contactless and otherwise electronic payments more and more, and moving away from the standard use of cash. Thus, the prevalence of how they make their purchases is shifting. Of course, this is down to technology growing in prevalence. The use of smartphones has exploded and become fundamental for survival, as has the internet.
COVID-19 was another part of this. These secure, rapid trading processes, modes of trading such as Bitcoin, QR codes, and biometrics became used more widely in these regions. Equally, telco-led virtual cash and the rapid growth of automation have led to this shift, which took place over two decades.
There are a number of reputable companies in multiple industries that are doing great work in 2023 and will continue in the long term. An African Commerce firm operating in the B2B sector (Marketforce) managed to get 40 million USD in a fundraising campaign to expand its workforce for the distribution of digital finance products in Africa. As a forerunning example, this is a solid place to begin. And there are others.
As for the Middle Eastern regions, there is a whole plethora of stock markets that have rising and falling figures. Using your expert skills as a trader of versatile industries, you can use this information to diversify your trading strategies.
But one of the best ways to manage, plan, and structure your trading endeavours is to find a great trading platform like Equiti. This way, you will be able to see your investments, clients, and transactions first hand. Transparency is key, as it increases accountability and allows you to assign trading tasks accordingly.
All in all, the MEA regions are fruitful, versatile markets with a lot of potential. Not just now either. The use of contactless payments and cashless systems (not to mention the rise of Bitcoin) is only going to grow exponentially from now until 2027/28. After that, all bets are off. It could become just as useful as the US, EU and UK marketplaces.
Introducing an essential new addition to MEA Market’s roster of awards, the inaugural Middle East CEO of the Year Awards 2023!
Visit our awards hereMEA Markets is proud to announce the return of the MEA Business Awards 2023, which stands as a testament to the remarkable achievements of businesses spanning the Middle East and Africa region! This prestigious awards programme returns for its seventh year and aims to recognize and laud outstanding performers across a spectrum of industries, encompassing finance, technology, energy, healthcare, and more. Through this platform, excellence, innovation, and exemplary leadership are brought to the forefront.
Visit our awards hereMEA Markets is excited to announce that we are set to host the UAE Business Awards for an eighth consecutive year! The 2024 programme will look to recognise the top performing companies across the various key sectors that make up the UAE’s diverse and evolving industry market.
Visit our awards hereWe have packages to suit everyone. Let us help work out which one would suit your needs!