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 Nov 22, 2009  
 
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DME wins key industry innovation award
Dubai Mercantile Exchange (DME) said it has won the ‘Best innovation by an exchange in the field of customer service, Middle East’ award from FOW, a leading global derivatives magazine.
 
DME achieves trading record in crude oil futures
The Dubai Mercantile Exchange also reported a 58 per cent year on year increase in DME Oman average daily volumes during 2009, averaging at 2,012 contracts....
 
Egypt scraps rice export duties
Egypt has made amendments in the rice exporting regulations and will export 100000 metric tonnes of rice from December under the new regulations, said the Egyptian Ministry of Trade and Industry.....
 
Oyu Tolgoi copper-gold project gets approval
Rio Tinto and Ivanhoe Mines Ltd, joint developers of Oyu Tolgoi copper-gold complex in Mongolia's South Gobi region is expected to sign an agreement with Mongolian government following Parliament appr....
 
DME trade surges on Oman Futures approval
The Dubai Mercantile Exchange hit record trade volumes of 8,076 contracts when it traded 8,076 contracts on June 23. ....
 
DPA to set UAE crude oil selling price
In a significant move on Tuesday, the Dubai Mercantile Exchange (DME) said Dubai Department of Petroleum Affairs (DPA) will set the official monthly selling price (OSP) for UAE’s crude oil based....
 
Dubai to set Oil price based on DME Oman Futures
The Dubai Department of Petroleum Affairs (DPA) will set the official monthly selling price (OSP) for the Emirate's Crude oil based on a differential to the settlement price of the DME's Oman Crude Oi....
 
Making OTC trading standardized and transparent
Regulating OTC markets in USA are complicated by the fact that much of it will require amendments to the Commodity Exchange Act (CEA) and other laws. In addition, we will need to resolve thorny q....
 
DME@2: Oman Crude Futures aims for global reach
Ever since the launch of Dubai Mercantile Exchange in June 2007, its benchmark Oman Crude Oil Futures has gained acceptance as a successful price discovery mechanism for East of Suez markets. Now it i....
 
Two commodity experts join BAS-ML Research
Banc of America Securities-Merrill Lynch Research (BAS-ML Research) has announced the addition of two strategists to its Global Commodities Research team. Michael Widmer joins to lead the research cov....
 
Gold is an undervalued asset held by IMF

Here are some facts about the IMF’s golden chest. The IMF holds 103.4 million ounces (3,217 metric tonnes) of gold at designated depositories. The IMF’s total gold holdings are valued o....

 
CFTC approves rules for oversight of ECMs
US regulator,Commodity Futures Trading Commission (CFTC or Commission) has approved final rules and rule amendments that increase the Commission’s oversight of exempt commercial markets (ECMs). ....
 
Six Commandments during Recession
Recession? Lock a Washington economist, a Wall Street analyst and a Main Street broker in a room, tell them their lives depended on what they said next, and you'd still get five different answers, not....
 
Crude prices down, sales up!
Despite a lackluster perception of crude due to its falling prices, the Dubai Mercantile Exchange Limited (DME) announced today that a record total 6,484 contracts traded on the Exchange on Tuesday 13....
 
Wheat Futures: CBOT amendments approved

US Commodities regulator, CFTC has approved CBOT's amendments to wheat Futures contracts to ensure price convergence between spot and Futures prices. CFTC Commissioner will study the convergence is....

 
DME trades half a million Oman crude futures
The Dubai Mercantile Exchange Limited (DME) on Wednesday said, it has traded more than 500,000 lots of its benchmark DME Oman Crude Oil Futures Contract since its launch on 1 June 2007.....
 
Some automakers begging, others fighting it out
While Detroit’s CEOs were up on Capitol Hill whining and begging like street junkies for a mere $25 billion to tide them over until spring, salesmen from Bentley, Lamborghini and Maserati were w....
 
DME to list products with Chicago Mercantile Group
As growing demand from Asia continues to drive fundamentals in the oil industry, there is increasing need for a transparent mechanism to determine the price of crude imported into the region.....
 
JP Morgan takes equity stake in DME
The Dubai Mercantile Exchange Limited (DME) today announced that J.P. Morgan has taken an equity stake in the Exchange joining a number of other leading global financial institutions....
 
Indo-US N-deal gets nod on Gandhi Jayanti
The deal was okayed by the Senate with 86 voting for and 13 against with bi-partisan support after rejecting the killer amendments.....
 
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