Dubai Multi Commodities Centre
Dubai 2008 gold trade increases 53 per cent to US$29 billion
Dubai Multi Commodities Centre (DMCC) announced today that the total gold trade through Dubai reached a record US$29 billion in 2008, an increase of 53 per cent compared to US$19 billion transacted through the emirate in the previous year. For the 12 months ending December 31, 2008, a total of 674 tonnes of gold... »
DGCX Euro Futures hits record daily high
Euro Futures volume recorded a daily high on Dubai Gold and Commodities Exchange (DGCX) reaching 2,963 contracts, valued at $191.51m – for the first time in its three-year history. February 4th was the busiest day for Euro Futures on DGCX as trades accounted for 75% of the Exchange’s total daily volume, demonstrating the growing... »
150+ delegates confirmed for inaugural World Pearl Forum
The inaugural World Pearl Forum, organised by the Dubai Pearl Exchange, will see participation from more than 150 delegates from leading pearl producing nations. The World Pearl Forum which is supported by Dubai World, will be held on February 17 and 18 at the Atlantis Hotel, Palm Jumeirah. It will host 22 pearl experts... »
Jumeirah Lakes Towers construction progresses on schedule
The Dubai Multi Commodities Centre (DMCC) announced today that its Jumeirah Lakes Towers (JLT) community development is progressing as per schedule, and is on track for completion in 2011. Ahmed Bin Sulayem, Executive Chairman, DMCC, also inaugurated the project’s first lake, which covers over 51,600 square metres and has a capacity of 103,200 cubic... »
Dubai Leads in Islamic Finance with New Shariah Hedge Fund Index
The Dubai Multi Commodities Centre Authority (DMCCA) and Shariah Capital, Inc. (SCAP.L) today announced the Dubai Shariah Hedge Fund Index, the first internationally-recognised index comprised exclusively of Shariah compliant hedge funds. The Dubai Shariah Hedge Fund Index will be calculated and reported by Thomson Reuters (NYSE:TRI), the global news and financial information organisation. The... »
Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum