Global nominal GDP is likely to contract by about $2.3 trillion in 2015 as a consequence of the US dollar strengthening, heralding far reaching implications across markets, principally for commodity prices, a report said.
Trading volumes in the Dubai Gold and Commodities Exchange (DGCX) grew 18 per cent in July from the previous month. It traded 992,061 contracts valued at $29.95 billion during the month.
DGCX Gold Futures traded 39,536 contracts in July
Pope Francis criticised the wealth made from financial speculation on Monday as "intolerable" and said speculation on commodities was a "scandal" that compromised the poor's access to food.
Since his electi
The Cloud is unquestionably the future for energy and commodities trade and risk management (E/CTRM) solutions. But the pace with which it is getting there is impressive, said a report.
Even very large trading firms are now embrac
Luxembourg-based Clearstream and Dubai Commodities Clearing Corporation (DCCC), the central counterparty (CCP) of the Dubai Gold & Commodities Exchange, have agreed to co-operate on collateral management for CCP margining.
The Dubai Multi Commodities Centre Authority (DMCC) said it has signed a deal with Hawkamah, an international association of corporate governance practitioners in the Mena region, to raise awareness of corporate governance among SMEs.
Dubai Mercantile Exchange (DME), a premier international energy futures and commodities exchange in the region, has registered a record trading volume of 6,978 ADV in June, up 38 per cent over the same period last year.
The June v
World shares, bonds and commodities steadied on Friday, a day after a sharp sell-off triggered by plans by the U.S. Federal Reserve to cut back its asset-buying programme.
Easing fears about a banking crisis in China also made for