Latest news with #AhmedBinSulayem
Al Bawaba
3 days ago
- Business
- Al Bawaba
DGCX Joins Arab Federation of Capital Markets Committee to Strengthen Regional Capital Markets
The Dubai Gold and Commodities Exchange (DGCX) has announced its acceptance into the Arab Federation of Capital Market's (AFCM) Business Development Committee. The appointment reflects DGCX's expertise in regulatory oversight, risk management and product innovation, reinforcing its position as a leading regional player in derivatives trading and financial market AFCM, established in 1978 as the principal body for Arab stock exchanges, plays a critical role in enhancing collaboration and standardising best practices across the region. By joining the Business Development Committee, DGCX will contribute to key initiatives that strengthen regional capital markets, including:• Coordinating operational rules and regulations governing trading across Arab exchanges.• Proposing legislative reforms to support market activity.• Developing strategies to boost trading volumes and liquidity.• Setting strategy to develop business of brokerage and exchange companies.• Encouraging knowledge exchange among Arab exchanges.• Engaging external experts to enhance market Bin Sulayem, Chairman and Chief Executive Officer of DGCX, commented: 'DGCX's appointment to the Business Development Committee of the Arab Federation of Capital Markets underscores our pivotal role in the region's financial and commodities landscape. As the largest and most diversified derivatives exchange in the Middle East, DGCX brings deep expertise in market innovation, risk management and regulatory alignment. 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.'DGCX has been an active member of the AFCM and is serving on its Audit & Governance Committee. Already underway with its participation at the AFCM annual conference in Tunisia, the Exchange's contribution to the Business Development Committee underscores its ongoing commitment to enhancing regional market structures, expanding product offerings and fostering greater collaboration across the development also elevates the profile of the Dubai Commodities Clearing Corporation (DCCC), DGCX's clearing house, which plays a crucial role in ensuring financial stability and risk mitigation in derivatives trading. With this strategic step, DGCX reaffirms its leadership in financial markets across the Arab world, contributing to an integrated, transparent and globally competitive regional trading environment. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Zawya
5 days ago
- Business
- Zawya
DGCX joins Arab Federation of Capital Markets committee to strengthen regional capital markets
DGCX to contribute to key initiatives that strengthen regional capital markets Dubai, UAE: The Dubai Gold and Commodities Exchange (DGCX) has announced its acceptance into the Arab Federation of Capital Market's (AFCM) Business Development Committee. The appointment reflects DGCX's expertise in regulatory oversight, risk management and product innovation, reinforcing its position as a leading regional player in derivatives trading and financial market infrastructure. The AFCM, established in 1978 as the principal body for Arab stock exchanges, plays a critical role in enhancing collaboration and standardising best practices across the region. By joining the Business Development Committee, DGCX will contribute to key initiatives that strengthen regional capital markets, including: Coordinating operational rules and regulations governing trading across Arab exchanges. Proposing legislative reforms to support market activity. Developing strategies to boost trading volumes and liquidity. Setting strategy to develop business of brokerage and exchange companies. Encouraging knowledge exchange among Arab exchanges. Engaging external experts to enhance market development. Ahmed Bin Sulayem, Chairman and Chief Executive Officer of DGCX, commented: 'DGCX's appointment to the Business Development Committee of the Arab Federation of Capital Markets underscores our pivotal role in the region's financial and commodities landscape. As the largest and most diversified derivatives exchange in the Middle East, DGCX brings deep expertise in market innovation, risk management and regulatory alignment. 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.' DGCX has been an active member of the AFCM and is serving on its Audit & Governance Committee. Already underway with its participation at the AFCM annual conference in Tunisia, the Exchange's contribution to the Business Development Committee underscores its ongoing commitment to enhancing regional market structures, expanding product offerings and fostering greater collaboration across the region. This development also elevates the profile of the Dubai Commodities Clearing Corporation (DCCC), DGCX's clearing house, which plays a crucial role in ensuring financial stability and risk mitigation in derivatives trading. With this strategic step, DGCX reaffirms its leadership in financial markets across the Arab world, contributing to an integrated, transparent and globally competitive regional trading environment. About DGCX The Dubai Gold & Commodities Exchange (DGCX) is the Middle East's largest digital marketplace where traders manage risk, protect value and grow portfolios. We drive liquidity in the market by offering a broad range of futures and options contracts covering base and precious metals, hydrocarbons, equities and currencies. Our members get the assurance of a highly regulated derivatives trading and clearing platform, which has global credibility and a proven settlement track record. The DGCX owns and operates the region's largest and only multi-asset Clearing House –. It is recognised as a licensed Central Clearing-Counterparty (CCP) by SCA, and a 'Recognized Clearing House' (RCH) by the Monetary Authority of Singapore (MAS). Additionally, the exchange and clearing house is also regulated by the Securities & Commodities Authority (SCA) in the UAE. Our unique location at the convergence of trade flows, time zones and commerce allow us to seamlessly fill a vital position in the global derivatives landscape, working across any market and geography and providing uninterrupted service with simple and transparent fees, benefitting from the UAE's progressive regulatory framework. For more information, please visit:
Trade Arabia
7 days ago
- Business
- Trade Arabia
DMCC, Ellington Properties break ground on Mercer House
DMCC, the leading international business district that drives the flow of global trade through Dubai, and Ellington Properties, Dubai's design-led boutique developer, have broken ground on Mercer House, an iconic upscale residential development anchoring Uptown Dubai's status as a global lifestyle destination. The mixed-use development will comprise two elegant towers rising 34 and 41 storeys, featuring a range of premium property types designed to suit diverse lifestyles, including studios, one-, two- and three-bedroom apartments as well as luxurious penthouses, said DMCC in a statement. Mercer House will offer a unique blend of lifestyle, wellness and community living, featuring premium retail and F&B outlets, as well as an exclusive urban beach club with natural sand, delivering a truly elevated residential experience in one of Dubai's most strategically positioned districts. Residents will enjoy access to a wide array of amenities, including a grand lobby, multi-sports facility, family pool, kids' play area, games room, fitness studio, scenic sauna, ice room, and an exclusive clubhouse, all designed to foster wellbeing, recreation, and community interaction, it stated. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: "This groundbreaking marks a major milestone in our vision to transform Uptown Dubai into a world-class lifestyle destination." "Rising across two towers of 34 and 41 residential floors, Mercer House will feature a diverse range of residences – from stylish studios and one- to three-bedroom apartments to expansive penthouses – alongside standout and unique amenities including an urban beach club, premium retail, and wellness spaces designed for vibrant and healthy community living," he stated. "As development accelerates, Uptown Dubai is setting the benchmark for integrated city living, connecting residents, businesses, and visitors through world-class infrastructure and a vibrant community environment," he added. Joseph Thomas, Co-Founder and Managing Director of Ellington Properties, said: "At Ellington, we design more than buildings – we create spaces that elevate everyday living through thoughtful design and community-centric experiences." "Mercer House represents our boldest vision yet: a landmark that reflects the evolving aspirations of modern residents in one of Dubai's most dynamic districts. Through our collaboration with DMCC, we are not just building homes – we're helping shape a lifestyle destination defined by quality, wellbeing, and connection," he added. Mercer House is located at the heart of the Uptown Dubai masterplan and will play a key role in reinforcing its reputation as a global business and lifestyle destination. Developed by Ellington Properties in collaboration with DMCC, the project combines its strategic vision for urban development with Ellington's signature approach to design-led, lifestyle-focused living. The development aligns with DMCC's strategic mission to attract leading international businesses and top talent to Dubai not only through world-class commercial infrastructure, but also by creating exceptional residential environments designed for modern, connected living, it added. The groundbreaking of Mercer House marks a key milestone in the transformation of Uptown Dubai into a benchmark for integrated city living, bringing together world-class infrastructure, vibrant community spaces, and modern residential offerings.
Al Bawaba
7 days ago
- Business
- Al Bawaba
DMCC And Ellington Properties Break Ground On Award-winning Mercer House In Uptown Dubai
DMCC, the leading international business district that drives the flow of global trade through Dubai, and Ellington Properties, Dubai's award-winning design-led boutique developer, have broken ground on Mercer House, an iconic upscale residential development anchoring Uptown Dubai's status as a global lifestyle destination. The mixed-use development will comprise two elegant towers rising 34 and 41 storeys, featuring a range of premium property types designed to suit diverse lifestyles, including studios, one-, two- and three-bedroom apartments as well as luxurious penthouses. Mercer House will offer a unique blend of lifestyle, wellness and community living, featuring premium retail and F&B outlets, as well as an exclusive urban beach club with natural sand, delivering a truly elevated residential experience in one of Dubai's most strategically positioned districts. Residents will enjoy access to a wide array of amenities, including a grand lobby, multi-sports facility, family pool, kids' play area, games room, fitness studio, scenic sauna, ice room, and an exclusive clubhouse, all designed to foster wellbeing, recreation, and community interaction. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'This groundbreaking marks a major milestone in our vision to transform Uptown Dubai into a world-class lifestyle destination. Rising across two towers of 34 and 41 residential floors, Mercer House will feature a diverse range of residences – from stylish studios and one- to three-bedroom apartments to expansive penthouses – alongside standout and unique amenities including an urban beach club, premium retail, and wellness spaces designed for vibrant and healthy community living. As development accelerates, Uptown Dubai is setting the benchmark for integrated city living, connecting residents, businesses, and visitors through world-class infrastructure and a vibrant community environment.' Joseph Thomas, Co-Founder and Managing Director of Ellington Properties, added: 'At Ellington, we design more than buildings – we create spaces that elevate everyday living through thoughtful design and community-centric experiences. Mercer House represents our boldest vision yet: a landmark that reflects the evolving aspirations of modern residents in one of Dubai's most dynamic districts. Through our collaboration with DMCC, we are not just building homes – we're helping shape a lifestyle destination defined by quality, wellbeing, and connection.' Mercer House is located at the heart of the Uptown Dubai masterplan and will play a key role in reinforcing its reputation as a global business and lifestyle destination. Developed by Ellington Properties in collaboration with DMCC, the project combines DMCC's strategic vision for urban development with Ellington's signature approach to design-led, lifestyle-focused living. The development aligns with DMCC's strategic mission to attract leading international businesses and top talent to Dubai not only through world-class commercial infrastructure, but also by creating exceptional residential environments designed for modern, connected living. The groundbreaking of Mercer House marks a key milestone in the transformation of Uptown Dubai into a benchmark for integrated city living, bringing together world-class infrastructure, vibrant community spaces, and modern residential offerings. Mercer House was recently honoured at the International Property Awards, earning top recognition in the Mixed-Use Development category and reinforcing its excellence in design and innovation.
Zawya
23-05-2025
- Business
- Zawya
DMCC witnesses 13% rise in Singaporean companies
UAE: Dubai Multi Commodities Centre (DMCC) recorded a 13% growth in companies from Singapore joining its international business district in the past 12 months. The announcement was made during DMCC's first-ever roadshow on the ground in Singapore as part of its efforts to attract Singaporean businesses to Dubai, according to a press release. DMCC entered into a partnership with Hawksford, the international business services provider, to streamline company setup in its district. Hawksford will provide advisory and registration, accounting and tax support to businesses, attracting new companies to DMCC, particularly from the technology, innovation, and sustainability sectors. Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, said: 'Our first in-person Made For Trade Live roadshow in Singapore comes at a time of accelerating cooperation between our two nations, with bilateral trade reaching $18.70 billion last year.' 'This momentum is echoed by a 13% rise in Singaporean companies joining DMCC over the past 12 months, bringing the total to nearly 400, accounting for more than half of all Singaporean businesses in the UAE,' he added. The CEO noted: 'As our partnership deepens, our new agreement with Hawksford as our local partner will further reinforce DMCC's position as the business district of choice for Singaporean firms seeking global expansion from Dubai.' DMCC is currently home to more than 25,000 companies from 180 countries, covering every sector and industry. The district contributes 15% of Dubai's annual foreign direct investment (FDI) inflows and represents 7% of Dubai's gross domestic product (GDP).
