Exclusive Insights: Shaping Tomorrow's Finance with CFI Financial Group Holding | Kanebridge News
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Exclusive Insights: Shaping Tomorrow’s Finance with CFI Financial Group Holding

In an exclusive interview, we discussed with Mr. Hisham Mansour, Founder & Managing Director of CFI Financial Group, the company’s strategic positioning, innovation pathways, and vision for the future.

Wed, Apr 3, 2024 5:06pmGrey Clock 6 min

This interview is tailored to unravel CFI‘s operational philosophies, shedding light on how it thrives amid the complexities of the local and regional financial landscapes and sets itself apart in a saturated market.

Through this discussion with Mr. Hisham Mansour, we aim to provide an in-depth look at CFI‘s journey of exponential growth, its commitment to leveraging cutting-edge technologies like AI and blockchain, and its proactive approach to shaping the finance industry’s future. Join us as we explore CFI’s strategic expansions, its solutions to industry challenges, and the anticipations it harbors for the evolving dynamics of global finance.

– How would you describe CFI’s current position in the local and regional financial markets?

CFI’s current position in local and regional markets is robust and flourishing. Our headquarters in Dubai – UAE, not only anchors our operations locally but also serves as a strategic hub, supporting our regulated entities spread across MENA and beyond. This allows us to serve our clients globally efficiently and effectively. With over 25 years of experience, our journey in the past five years has been marked by accelerating growth, underscoring our unwavering commitment to serving the region’s traders and investors.

Central to our ethos is adherence to rigorous regulatory standards, highlighted by our regulations under the Securities and Commodities Authority (SCA). However, it’s crucial to note that the SCA license is just one among the plethora of regulations we adhere to. We pride ourselves on being the most regulated group in MENA and one of the most comprehensively regulated groups within the industry globally, underlining our commitment to transparency and integrity.

In 2023, the group significantly expanded its presence, venturing into new markets, including Egypt, Kuwait, Oman, and Palestine. This strategic expansion underscores our dedication to meeting the evolving needs of traders and investors across diverse geographies, reinforcing our status as a leading broker in the region. This move is a testament to our commitment to empowering clients with cutting-edge technology and unparalleled services, marking a year of unprecedented financial growth.

– How does CFI distinguish itself in the competitive landscape of financial services?

CFI sets itself apart through a commitment to continuous innovation and client-centric solutions. Our guiding principle, “More and Better,” encapsulates our relentless pursuit of enhancing our clients’ trading experience. Unlike most, we prioritize global reach with local support, tailoring our services to meet the unique needs of each local market we serve. Doing so ensures our clients receive personalized support and access to resources tailored to their specific trading preferences and objectives.

At the heart of our differentiation strategy lies our technological prowess. We invest heavily in cutting-edge tools and platforms, leveraging innovations such as AI to empower traders with unparalleled insights and capabilities. Our suite of AI-driven tools revolutionizes trading by providing advanced analytical tools and personalized insights. By integrating AI into our platforms, we empower traders of all levels to make informed decisions and confidently navigate complex markets.

Furthermore, our commitment to accessibility extends beyond digital channels. We believe in fostering close relationships with our clients, both digitally and physically, by providing localized support and maintaining a robust presence in key markets. As a result, traders have the resources and support they need to succeed.

– What key strategies has CFI employed to achieve its current market position?

Our strategy has been twofold: expansive growth and deepened client relationships. We’ve strategically penetrated emerging markets, leveraging these new opportunities to cater to a broader spectrum of trader needs. Building strong, personalized relationships with our clients further ensures they feel supported and valued.

We also prioritize educational efforts, including seminars and webinars led by our industry specialists. These programs offer traders essential insights, strategies, and knowledge to refine their skills and deepen their understanding. By empowering traders through these initiatives, CFI built trust and loyalty among its client base.

All of this must be complemented by exceptional client service, optimal trading conditions, and access to the industry’s widest variety of financial markets. This comprehensive approach ensures our clients receive unparalleled support and have the resources and opportunities to thrive in the global markets.

 – How does CFI view the future of finance, especially with the rise of digital transformation and fintech innovations?

CFI envisions the future of finance as intertwined with technological advancements, particularly amidst the rapid rise of digital transformation and fintech innovations.

With the influence of automation and AI, we anticipate a paradigm shift in the way financial services are delivered and consumed. The AI trend heralds a new era of possibilities that are expected to revolutionize the online trading industry. At CFI, we recognize the transformative potential of AI and are committed to harnessing its power to enhance our clients’ trading experience.

– Could you explain in more detail how CFI is leveraging technologies like AI, blockchain, or big data analytics to enhance its services and customer experience?

At CFI, we are committed to leveraging cutting-edge technologies to revolutionize clients’ trading experience and enhance customer satisfaction.

Our strategic integration of AI technologies has empowered traders with innovative tools designed to provide a competitive edge in the markets. We’re simplifying trading strategies and providing deep market insights through different tools. Some of these intuitive tools enable traders to articulate their trading strategies in plain English, eliminating the need for complex coding and automating their trades based on predefined parameters, conducting back testing to refine strategies, and exploring new trading ideas effortlessly.

Other tools revolutionize analysis by aggregating insights from Wall Street’s leading analysts, empowering traders with invaluable insights into market trends and stock performance.

Furthermore, our CFI AI Trading Assistant represents a paradigm shift in trading support and market analysis. This AI-powered voice assistant equips traders with real-time market analysis, personalized trading recommendations, and seamless transaction facilitation. These innovations are central to our commitment to providing a superior trading environment.

 – What role does CFI aim to play in shaping the future of the finance industry?

As pioneers in the online trading industry, our vision goes beyond merely maintaining our position as market leaders. We are committed to propelling the industry into the future, leveraging continuous technological advancements and innovative practices.

Our strategy involves substantial investments in research and development, enabling CFI to unveil cutting-edge solutions that align with and even foresee the evolving demands of traders in the upcoming era. This forward-thinking approach ensures that we not only respond to the current landscape but actively shape the future of trading, setting new standards and expectations for what is possible in the world of finance. Through our dedication to innovation, CFI is at the forefront of creating a more informed, efficient, and accessible trading environment for everyone.

– What are CFI’s growth plans for the near future, and how do they align with evolving market trends and client needs?

CFI’s growth plans are focused on strategic expansion into new regions and strengthening our local presence in existing markets. We are committed to providing the highest quality and most competitive trading services for our clients, and this expansion aligns with evolving market trends and client needs. As a technology-focused company, we continuously explore the latest technological trends to keep our clients one step ahead. By staying at the forefront of industry trends and leveraging advanced technologies, we aim to empower traders and investors worldwide to achieve their financial goals.

 – Are there any specific markets or sectors CFI is looking to expand into?

Our expansion strategy is dynamic and expansive, targeting emerging markets with an increasing demand for financial services. Our approach is deeply rooted in offering personalized services and forging strong local connections to cater to the nuanced needs of each market.

Yet, our ambitions in the MENA region are far from realized in their entirety. We are simultaneously setting our sights in various directions, including Asia, Africa, and Latin America. This broadened focus reflects our commitment to becoming a truly global player, adapting to and meeting the diverse financial needs and challenges of different regions.

By doing so, we ensure that our expansion is comprehensive, responsive, and tailored to the unique landscapes of these burgeoning markets.

– What are the biggest challenges CFI is currently facing, and how are you addressing them?

CFI encounters challenges inherent to the rapidly evolving financial industry, including staying ahead of technological advancements, navigating regulatory complexities, and meeting the diversified needs of a global clientele. To address these challenges, we prioritize innovation and flexibility, adapting our strategies to align with emerging trends and technologies.

Our commitment to regulatory compliance is unwavering, ensuring we exceed the standards outlined in each market we enter. Furthermore, we continuously refine our offerings to cater to traders’ specific preferences and requirements worldwide, ensuring personalized and practical solutions. By fostering a culture of continuous learning and adaptation, CFI is well-equipped to navigate these challenges, maintaining our position as a leader in the financial services industry.



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Bahrain’s Non-Oil Exports Decline by 6% in Q2 2024

Saudi Arabia ranked first among countries for the non-oil exports of national origin with BD201 million (22%)

Fri, Jul 26, 2024 2 min

Bahrain’s non-oil exports of national origin decreased by 6% to BD894 million ($2.37 billion) in Q2 2024 compared to the same period in 2023. The top 10 countries accounted for 64% of the total export value.

According to the Information & eGovernment Authority (iGA) in its Q2 2024 Foreign Trade report, Saudi Arabia was the leading destination for these exports, totaling BD201 million (22%). The US followed with BD75 million (8.4%), and the UAE with BD73 million (8.2%).

Unwrought aluminum alloys were the top exported product in Q2 2024, amounting to BD267 million (30%), followed by agglomerated iron ores and concentrates alloyed at BD159 million (18%) and non-alloyed aluminum wire at BD49 million (5%).

Non-oil re-exports

Non-oil re-exports increased by 4% to reach BD206 million during Q2 2024, compared to BD198 million for same quarter in 2023. The top 10 countries accounted for 86% of the re-exported value. The UAE ranked first with BD58 million (28%) followed by Saudi Arabia with BD39 million (19%) and UK with BD17 million (8%).

As per the report, turbo-jets worth BD65 million (32%) were the top product re-exported from Bahrain, followed by private cars with BD11 million (5%) and four-wheel drive with BD9 million (4%).

The value of non-oil imports has decreased by 4% reaching to BD1.41 billion in Q2 2024 in comparison with BD1.47 billion for same quarter in 2023. The top 10 countries for imports recorded 68% of the total value of imports.

China Bahrain’s biggest importer

China ranked first for imports to Bahrain, with a total of BD191 million (14%), followed by Brazil with BD157 million (11%) and Australia with BD112 million (8%).

Non-agglomerated iron ores and concentrates were the top product imported to Bahrain worth BD200 million (14%), followed by other aluminum oxide with BD101 million (7%) and parts for aircraft engines with BD41 million (3%).

As for the trade balance, which represents the difference between exports and imports, the deficit logged was BD310 million in Q2 2024 compared to BD322 million in Q2 2023.

 

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