Middle East Economic Survey
NYMEX/Dubai Proceed With Plans For Regions First Commodity Futures Exchange
The New York Mercantile Exchange (NYMEX) and Dubai Holding on 10 June agreed to proceed with plans to set up the Dubai Mercantile Exchange (DME), the regions first commodity futures exchange. A memorandum of understanding (MOU) for a joint study of the potential for establishing the exchange was signed last February (MEES, 23 February). NYMEX will run the new...