logo
DGCX Joins AFCM Business Development Committee to Advance Regional Markets

DGCX Joins AFCM Business Development Committee to Advance Regional Markets

Hi Dubai28-05-2025
The Dubai Gold and Commodities Exchange (DGCX) has been appointed to the Arab Federation of Capital Market's (AFCM) Business Development Committee, marking a strategic step in enhancing its role within the region's financial ecosystem.
The appointment highlights DGCX's expertise in regulatory oversight, risk management, and product innovation, reinforcing its status as a key player in Middle East derivatives trading and financial market infrastructure.
Founded in 1978, the AFCM represents Arab stock exchanges and works to unify market practices and foster collaboration across the region. The Business Development Committee plays a central role in this mission by coordinating operational rules, proposing regulatory reforms, and crafting strategies to increase market activity and liquidity.
As a committee member, DGCX will also support initiatives aimed at developing brokerage and exchange businesses, sharing knowledge across markets, and engaging industry experts to strengthen market frameworks.
Ahmed bin Sulayem, Chairman and CEO of DGCX, said the appointment affirms Dubai's growing influence in global finance and commodities. 'This recognition not only reinforces our commitment to advancing capital markets across the Arab world but also strengthens Dubai's position as a leading global centre for commodities and financial services,'
he said.
DGCX is already active within the AFCM, currently serving on its Audit & Governance Committee and participating in the federation's annual conference in Tunisia. Its new role further underscores its dedication to regional cooperation and capital market growth.
News Source: Emirates News Agency
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Consumer gold purchases in Egypt down 20% in Q2 2025
Consumer gold purchases in Egypt down 20% in Q2 2025

Zawya

time3 minutes ago

  • Zawya

Consumer gold purchases in Egypt down 20% in Q2 2025

Arab Finance: Consumer gold purchases in several Arab markets saw a noticeable decline in the second quarter (Q2) of 2025, with gold demand falling by 16% and 20% in Saudi Arabia and Egypt, respectively, according to data from the World Gold Council cited by Al Arabiya. In the UAE and Kuwait, gold purchases dropped by 5% and 2%, respectively. Total consumer gold demand across the four countries reached 42.6 metric tons in Q2 2025, down from 49 tons during Q2 2024 and 45 tons in Q1 2025, signaling a broader regional slowdown. In Egypt, consumer gold purchases declined to 11.5 tons in Q2 2025, compared to 14.4 tons in the same quarter of 2024. However, the figure marks a slight increase from the 11.1 tons bought in Q1 2025. Demand for gold bars in Egypt rose to 5.9 tons from 4.7 tons in Q1 2025, though still below the 7.6 tons recorded in Q2 2024. The improvement suggests a partial recovery in investor appetite for direct gold holdings. Meanwhile, demand for gold jewelry in Egypt fell to 5.7 tons in Q2 2025, down from 6.8 tons a year earlier and 6.4 tons in Q1 2025, indicating weaker interest in gold for ornamental use. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (

Kuehne+Nagel UAE achieves Emirates Drug Establishment Certification to store raw pharmaceutical materials
Kuehne+Nagel UAE achieves Emirates Drug Establishment Certification to store raw pharmaceutical materials

Zawya

time17 minutes ago

  • Zawya

Kuehne+Nagel UAE achieves Emirates Drug Establishment Certification to store raw pharmaceutical materials

Kuehne+Nagel in the United Arab Emirates has received certification from the Emirates Drug Establishment (EDE), authorising the storage and possession of raw pharmaceutical materials at its facility in Dubai South. This complements the company's existing licence to store medical products. 'This certification marks a significant milestone in strengthening Kuehne+Nagel's healthcare and life sciences supply chain offering. It benefits customers across all stages of the production cycle in the healthcare industry,' said Leon Diradourian, GCC Cluster Managing Director at Kuehne+Nagel. Emirates Drug Establishment (EDE) is the UAE's independent regulatory authority overseeing the pharmaceutical and medical device sectors. As part of the licensing process, Kuehne+Nagel's appointed pharmacist, Safa Alkhayat, underwent a formal assessment and was subsequently licensed to handle raw materials in accordance with Good Manufacturing Practice (GMP) standards. This individual certification formed the basis for Kuehne+Nagel's authorisation by the Ministry of Health to store pharmaceutical starting materials, including excipients and active pharmaceutical ingredients (APIs). Kuehne+Nagel in the UAE operates a 42,000 sqm fulfilment facility, including 25,500 sqm of temperature-controlled space dedicated to healthcare products. The site features cold chambers (2–8°C) and restricted-access chambers compliant with GxP standards, encompassing Good Manufacturing Practice (GMP), Good Distribution Practice (GDP), and Good Storage Practice (GSP), supported by rigorous security protocols.

South Korea to adapt Kuwaiti animation IP in deal with MBVISION Studios
South Korea to adapt Kuwaiti animation IP in deal with MBVISION Studios

Broadcast Pro

time23 minutes ago

  • Broadcast Pro

South Korea to adapt Kuwaiti animation IP in deal with MBVISION Studios

The partnership also includes plans to bring Korean characters to Arab audiences, fostering two-way collaboration in animation, gaming and immersive experiences. MBVISION Studios, Kuwait's first independent animation studio, has signed a series of significant Memoranda of Understanding (MoUs) with top South Korean content companies, under the patronage of the Korea Creative Content Agency (KOCCA). The agreements, concluded during the K-Content Expo in Riyadh, represent Kuwait's first-ever international export of original animation intellectual property, with South Korean partners set to adapt homegrown Kuwaiti characters for both regional and global audiences. A central element of the collaboration is an IP exchange deal with Seoul-based Character Inc., paving the way for co-production, licensing and the adaptation of Kuwaiti animation properties across South Korea and the broader international market. This strategic alliance marks a new chapter in cross-cultural content creation between the Gulf and East Asia. Manal Al-Gharabally, Founder and CEO of MBVISION, said the deal is the result of more than a decade of creative development and relationship-building with Korean partners. She described the move as a shift from service-based projects to a deeper form of cultural exchange, where original Kuwaiti characters are set to find new life in Korean media and beyond. The collaboration will also see the introduction of Korean characters to Arab audiences, strengthening two-way engagement in animation, gaming and immersive media. Backed by South Korea's Ministry of Culture, Sports and Tourism and KOCCA, the initiative underscores a growing global interest in Gulf-originated intellectual property and storytelling.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store