Hints and tips:
...However, the UK government in November imposed sanctions on a Paramount subsidiary in Dubai, accusing that company — Paramount Energy & Commodities DMCC — of employing “deceptive shipping practices as well...
...Paramount SA regularly sold multiple ESPO crude cargoes per month from Kozmino from at least 2020 until the middle of last year, shipping data showed....
...The UAE, the Middle East’s main trade and financial hub, has positioned itself as a neutral regional power....
...DMCC, a Dubai government entity, declined to comment. Emirates Gold did not respond to multiple requests for comment....
...Litasco Middle East DMCC accounted for most of the near-16mn tonnes of Russian crude and refined fuels traded by the Lukoil-owned group between January and April, making it the biggest single buyer of Russian...
...Ahmed Sultan bin Sulayem, chairman of the DMCC, is also chairing the 81-country Kimberley Process organisation this year. UAE-based telecoms provider du is working on piloting a health records scheme....
...They traded through an broker called Zonyx DMCC, owned by Mr Salim. The commission brought civil charges against Mr Khara and Mr Salim in May 2015....
...Hakan Bahceci, chief executive of Hakan Agro DMCC, a commodities trader based in Dubai, says: “The Black Sea has been the dominant supplier in the Middle East and north Africa, but countries in the Gulf...
...Not only has the emirate become a go-to hub for African business, but many Asian firms also now choose Dubai as a bridgehead into sub-Saharan Africa, observers say, as well as a Middle East centre....
...The merger, announced late on Sunday by both companies, illustrates ongoing consolidation in the sector as government-owned companies streamline operations amid the real estate crash. ”DMCC property has...
...For now, the industry revolves around Hong Kong, but Mr Paspaley said Dubai was an ideal launch pad into the European market, as well as the Middle East....
...DMCC, which promotes Dubai as a hub for the commodities trade, is considering cross listing the securities onto other exchanges in a bid to broaden the initiative’s appeal across the rest of the Middle East...
...DMCC, which promotes Dubai as a hub for trading commodities, is considering cross listing the ETF onto other exchanges to broaden the fund’s appeal across the rest of the Middle East....
...Islamic finance has been booming as Middle Eastern institutions flush with petrodollars increasingly invest and bank according to religious strictures....
...Most of the oil produced in the Middle East is sour – heavy with sulphur – and there has hitherto, he argues, been no mechanism to manage risk. “We are very pleased with how it is going....
...Dubai launched the first energy futures contract in the Middle East on Monday kick starting its aim to become a leading energy derivatives trading centre along with being the world’s largest oil exporting...
...The new Dubai Gold and Commodities Exchange (DGCX) is 50 per cent owned by the DMCC, a free zone authority aimed at the commodity industry. Indian investors own the other half....
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