DGCX Joins AFCM Business Development Committee to Advance Regional Markets
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
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