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DMCC hosts first Islamic commodity tradeThe Dubai Multi Commodities Centre (DMCC) has hosted the first transaction on its new sharia-compliant commodity trading platform, a deal done between two local banks, company officials told Reuters on Monday. The Dh50 million ($1 More… |
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Global resources 'face pressure over output'In the final decade of the 20th century alone, 23 per cent of all output was generated at a rapid pace, putting a great stress on resources, according to a leading economic expert. The trade-off between growth and commodity growth More… |
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Reuters launches new interactive mapThomson Reuters has added an interactive map for monitoring the impact of weather, natural disasters and political events on commodity production and freight to its flagship desktop, Thomson Reuters Eikon. Interactive Map allows c More… |
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Qatar Holdings backs $32bn Glencore takeoverCommodity trader Glencore's $32 billion takeover of Swiss miner Xstrata looked set to go ahead after winning the backing of Qatar Holdings, the bid target's second-largest shareholder. Qatar, an unexpected kingmaker in Gle More… |
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Almarai Q3 profit up 4.7pc to $120mSaudi Arabian dairy and food producer Almarai Co posted a 4.7-percent rise in quarterly net profit on Monday but fell short of analysts' forecasts as higher commodity prices and expansion costs ate into earnings. More… |
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Trust Securities expands agri tradingDubai-based Trust Securities DMCC, a leader in global brokerage, has expanded its agricultural trading division to meet the growing demand of agricultural commodity consumption and re-exports out of the UAE. Trust Securities said that it h More… |
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Trust Securities develops agri divisionDubai-based Trust Securities DMCC, a leader in global brokerage, has expanded its agricultural trading division to meet the growing demand of agricultural commodity consumption and re-exports out of the UAE. Trust Securities said that it h More… |
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DMCC launches commodity finance platformDubai Multi Commodities Centre (DMCC) has announced the launch of DMCC Tradeflow, an electronic system that brings together all parties involved in inventory-based financing. DMCC Tradeflow is a significantly enhanced platform to the previ More… |
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Gold eases on firm dollar, euro zone fearGold prices edged down on Monday, after the momentum that pushed prices up 3 per cent last week fizzled as the dollar firmed with growing worries about the euro zone debt crisis. Concerns about the debt crisis overshadowed upbeat data out More… |
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Gold swings back above $1,600Gold prices swung back above $1,600 an ounce on Monday, erasing earlier losses, as the dollar surrendered gains to trade little changed against the euro in mid-afternoon trade, taking selling pressure off the precious metal. Spot gold was More… |
