Record growth for DGCX in 08 DGCX concludes largest ever physical settlement worth US$25.20m DGCX year to date volume crosses one million mark DGCX changes initial margin requirements DGCX trade volume grows to US$48 billion DGCX trading volume triples to US$12 billion DGCX recorded deals worth US$4.98b in May DGCX approved as affiliate member by IOSCO DGCX oil futures make new record at debut DGCX to launch cash settled WTI and Brent Crude Oil futures on 27th May Diamond trade to hit US$13.5b in '08 DGCX sets the pace for plastic futures launch Dubai to launch three new oil futures DGCX posts record trade in February Dubai gold futures surge 154% in January Next Page » Archive | Subscribe to Feed What is RSS? UAE FEDERAL GOVERNMENT STRATEGY Download PDF OIL PRICES » SHARE PRICES » DIRHAM RATES » EVENTS AND EXHIBITIONS » A comprehensive guide to current and future events and exhibitions in the UAE SHEIKH ZAYED - A SPECIAL TRIBUTE » A tribute to Sheikh Zayed, founding father of the United Arab Emirates, who died 2 November, 2004 UAE YEARBOOK 2008 » The complete UAE Yearbook 2008 in English, French and Arabic in pdf format. Comprehensive, up-to-date information on all aspects of the UAE. UAE AT A GLANCE » Valuable concise reference source on the UAE, covering political system, economy, business, history and heritage, education, women, healthcare, tourism and environment. THE EMIRATES – A NATURAL HISTORY » Natural history of the UAE, covering all animals and plants recorded in the Emirates. TRADELINE - UAE » Report by National US Arab Chamber of Commerce on the UAE. Vol XV, No 3, June 2007. Includes analysis of UAE economy. THE EMIRATES TOUR » Take an on-line tour of the UAE, including the major cities and islands UAE HISTORY » UAE GOVERNMENT » UAE ECONOMY » UAE INFRASTRUCTURE » UAE SOCIAL DEVELOPMENT » UAE CULTURE & MEDIA » UAE ENVIRONMENT » UAE SPORT » UAE EVENTS » UAE CONTACTS » GOLD ARTEFACTS » Visit UAEinteract's virtual museum which features 3D images of ancient gold jewellery MARINE LIFE OF THE UAE » Turtles are among the many species covered in the marine section of UAEinteract

Record growth for DGCX in 08 Posted on 07/01/2009 The Middle East's leading derivatives exchange underlined its offering with a robust overall performance in 2008. The Dubai Gold & Commodities Exchange (DGCX) posted strong growth in precious metals, currencies and energy and diversified its portfolio by introducing innovative products into the Middle Eastern market. The exchange recorded 26pc year-on-year growth with 1.14 million contracts, valued at US$57.5 billion, traded in 2008. Average daily volume touched just over 4,500 contracts ...  >>MORE

DGCX concludes largest ever physical settlement worth US$25.20m Posted on 09/10/2008 Dubai Gold and Commodities Exchange (DGCX) yesterday announced the successful completion of its largest-ever physical settlement of gold and steel rebar futures contracts, valued at US$25.20m, by the Dubai Commodities Clearing Corporation (DCCC). The transaction is a testimony to the efficient and robust settlement framework provided by DCCC, a wholly owned subsidiary of DGCX. It also reinforces the Exchange's position as a secure marketplace used by industry participants to source their gold ...  >>MORE

DGCX year to date volume crosses one million mark Posted on 07/10/2008 Dubai Gold and Commodities Exchange (DGCX) yesterday announced that year to date volume has for the first time, passed a record-breaking one million contracts, up 52 per cent on last year. Higher trading activity was led by currencies, precious metals and crude oil. Valued at US$ 52 billion, YTD volumes at 1,020,000 demonstrate increasing investor preference for DGCX. The milestone was supported by the recent record performance in the third quarter with 385,000 contracts traded, valued at US$ ...  >>MORE

DGCX changes initial margin requirements Posted on 17/09/2008 The Dubai Gold and Commodities Exchange (DGCX), the region's first derivatives and commodities exchange, has changed the initial margin requirements and delivery period margins for gold, silver and steel future contracts with effect from yesterday, a move that market participants view as reflecting reduced volatility in the precious metal market. DGCX which recorded 930,000 contracts worth US$48 billion (Dh176.32bn) from January to August 2008 eased the margin requirements on gold, silver and ...  >>MORE

DGCX trade volume grows to US$48 billion Posted on 04/09/2008 Dubai Gold & Commodities Exchange (DGCX) yesterday reported year-to-date volume growth of 54 per cent, reaching nearly 930,000 contracts valued at US$48 billion. The higher activity during January-August exceeds the total January-December volume achieved in 2007. The growth was spurred by trade in precious metals, currencies and crude oil contracts. Year-to-date volume for gold futures rose by 34 per cent, while gold options were up 272 per cent. Volumes for euro futures increased by 241 per ...  >>MORE

DGCX trading volume triples to US$12 billion Posted on 05/08/2008 Volumes on Dubai Gold & Commodities Exchange (DGCX) reached an all time high in July of 186,842 contracts, valued in excess of US$12 billion, an increase of 227 per cent over July 2007. Total year-to-date (January-July) volumes were up 56 per cent over the previous year, with 821,388 contracts traded with a value of USUS$ 43.3 billion. "Interest in derivatives is certainly gaining ground in the region, as evidenced by the growing trade on DGCX," Malcolm Wall Morris, Chief Executive Officer ...  >>MORE

DGCX recorded deals worth US$4.98b in May Posted on 12/06/2008 Dubai Gold and Commodities Exchange (DGCX) on Wednesday reported total volumes of 89,550 contracts for May 2008, valued at US$4.98 billion. Total year-to-date volumes touched 497,958 contracts, representing a 23 per cent increase over the previous corresponding period. The growth was led by higher activity in precious metals and currencies. Year-to-date comparisons reflected a rise in volumes for gold futures at 12 per cent, gold options at 575 per cent, silver at 153 per cent, Euro at 135 ...  >>MORE

DGCX approved as affiliate member by IOSCO Posted on 01/06/2008 Dubai Gold and Commodities Exchange (DGCX) has been approved as an affiliate member by the International Organisation of Securities Commissions (IOSCO) at its 33rd annual conference held in Paris recently. A high-level delegation led by Abdullah Al Turifi, CEO of Emirates Securities and Commodities Authority (SCA) attended the conference, representing both the SCA and the Union of Arab Securities Authorities (UASA). Speaking on the occasion, Al Turifi said, "I am extremely delighted that ...  >>MORE

DGCX oil futures make new record at debut Posted on 29/05/2008 Opening day trade surpassed all previous DGCX records with over 2,800 contracts traded on WTI and Brent worth around US$370 million, outshining silver futures first day volumes of 1,158 contracts in March 2006. Dubai Gold & Commodities Exchange (DGCX) launched West Texas Intermediate light sweet crude oil (DWTI) and Brent crude oil futures contracts (DBRC) on May 27 amid robust investor response. First day volumes contributed more than 45 per cent of the Exchange's daily volume. DGCX ...  >>MORE

DGCX to launch cash settled WTI and Brent Crude Oil futures on 27th May Posted on 21/05/2008 Dubai Gold and Commodities Exchange (DGCX), the Middle East's leading derivatives exchange, announced Tuesday the launch of both West Texas Intermediate Light Sweet Crude (DWTI) Oil and Brent Crude Oil (DBRC) futures contracts available for trading from Tuesday 27th May. The launch of both WTI and Brent Crude Oil futures on DGCX makes the world's two most significant crude oil benchmarks available to both regional and international market participants, allowing them to benefit from trading and ...  >>MORE

Diamond trade to hit US$13.5b in '08 Posted on 18/05/2008 Diamond trade in the UAE has witnessed tremendous growth in the past few years with trade volumes expected to touch to US$13.5 billion this year, up from US$11.5 billion in 2007, said DMCC Director Diamond Finance Jean Van der Donckt." However, ready access to diamond financing is crucial in order to translate transshipment trade through Dubai's ports into physical trade within the Emirate." "The diamond trade is extremely capital-intensive, and recent studies estimate local diamond banking ...  >>MORE

DGCX sets the pace for plastic futures launch Posted on 18/05/2008 Initiating a new reference point for polymer pricing in the Middle East, Dubai Gold and Commodities Exchange (DGCX) said its proposed plastics futures contracts will offer an efficient hedge against escalating prices, which have increased by 15-20 per cent over the past six months. Details of the proposed Plastics futures contracts were unveiled to investors and the Plastics community at a workshop on `Price Risk Management and the use of Plastics Futures Contracts' , organised by DGCX in ...  >>MORE

Dubai to launch three new oil futures Posted on 04/05/2008 The Dubai Mercantile Exchange is to launch three new oil futures contracts to attract liquidity away from the more established oil trading hubs in London, New York and Singapore. Dubai launched its first oil futures contract, based on Oman crude oil, last June, but it has struggled to achieve the critical mass required to be a real contender in the global oil pricing business, hampered by low volumes and a limited number of traders. A futures contract is an agreement in which two parties agree ...  >>MORE

DGCX posts record trade in February Posted on 10/03/2008 Maintaining its strong growth curve, Dubai Gold and Commodities Exchange on Sunday reported its highest-ever trading volumes in February 2008, marked by intense activity across metals and currencies. Total volumes traded on DGCX in February rose at 118,000 contracts, soaring 66 per cent from 70,000 contracts in the same period last year. February volumes also surpassed the previous record of 108,190 contracts in January 2008. Commenting on the pace of trading in February, Malcolm Wall Morris, ...  >>MORE

Dubai gold futures surge 154% in January Posted on 14/02/2008 The volume of gold futures traded on the Dubai Gold and Commodities Exchange (DGCX) shot up 154 per cent in January from the previous month, partly due to global equity market uncertainties, the bourse said on Wednesday. DGCX, the Middle East's first commodities bourse, traded 86,140 gold futures contracts worth US$2.47 billion in January. The figure is up from 33,877 contracts the previous month, it said. "The rise in trading volumes is reflective of the recent rally in some commodities, and ...  >>MORE

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