Tuesday 4 August 2015
 
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DME

Top UAE exchanges partner to boost capital markets

The Dubai Mercantile Exchange (DME) and Abu Dhabi Securities Exchange (ADX) today (July 7) signed an agreement to collaborate on several fronts to further drive the growth of capital markets in the UAE and the wider Middle East region.

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DBS Bank gets approval to issue LCs for trading on DME

The Dubai Mercantile Exchange (DME) said the DBS Bank’s Singapore office has approved to issue letters of credit (LCs) for trading crude oil on the exchange. DBS is the first Singapore bank to receive such approval and will

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Oman plans floating storage for DME crude delivery

Oman Tank Terminal Company (OTTCO) plans to start operating a floating storage unit later this year to ease trade of crude oil futures on the Dubai Mercantile Exchange (DME), trade sources said.   The storage wil

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DME hits record 8m barrels trading in March

The Dubai Mercantile Exchange (DME) has announced that it reached the eight billion barrel mark in March, with a total of eight million contracts (equivalent 8 billion barrels) traded on the exchange. The increased interest in DME

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Dubai Mercantile CEO to take on bigger role

Dubai Mercantile Exchange (DME) announced today (March 9) that its chief executive Christopher Fix will be taking up new responsibilities from June onwards. Fix will become chairman of DME Asia and will also take up a role as mana

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DME approves ING Singapore to issues direct LCs

Dubai Mercantile Exchange (DME) has approved ING Bank’s Singapore brand to issues letters of credit (LCs) for trading on DME directly from Singapore to support customers in Asia. This latest development is part of DME’

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DME posts 33pc growth in 2014 trading volumes

The Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, has posted a 33 per cent growth in trading volumes in 2014 to average 8,431 lots per day. Over 160 differen

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DME approves Mizuho Bank LCs from Singapore

Dubai Mercantile Exchange (DME) has approved Tokyo-headquartered Mizuho Bank to issue letters of credit (LCs) for trading on DME directly from Singapore. Mizuho Bank is the first Japanese banking entity to be authorised to issue D

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Korea Exchange, DME sign co-operation deal

Korea Exchange (KRX), a leading North Asian equities and derivatives operator, and the DME, a premier energy futures and commodities exchange in the Middle East, have signed a deal to strengthen co-operation in promoting the development of commo

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DME Oman trades below $100/b

Dubai Mercantile Exchange (DME), the Middle East's premier international energy futures and commodities exchange, said its flagship Oman Crude Oil Futures Contract (DME Oman) has traded below $100/b (per barrel) for the first time in over a

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