With the aim of educating future business leaders

Dubai, UAE - May 24, 2012

More than 20 students from Year 3 Financial Services at Higher Colleges of Technology-Dubai, Women's Campus, recently attended a training session conducted by Dubai Multi Commodities Centre ("DMCC"), the Middle East's leading commodities authority.

The event aimed at providing the Financial Services students with an understanding of the online platform DMCC Tradeflow that is used to facilitate Trade Financing in Dubai as part of their "International Trade and Finance" course.

DMCC Tradeflow offers a central, web-based registry of ownership for commodities and other assets in Dubai and the UAE. Owners can store their goods in the country and request the warehouse to issue a warrant (Tradeflow Warrant), allowing for legal representation of ownership. In turn, the owners can pledge these Tradeflow Warrants to financiers in exchange for trade financing. DMCC Tradeflow Warrants are endorsed and administered by DMCC as the governing authority and central registrar.

The session involved practical demonstrations and hands-on training which enabled the students to further understand collateral based trade finance structures and solutions. Upon completion the students were presented with an official DMCC Tradeflow training certificate.

Ahmed bin Sulayem, Executive Chairman, DMCC said: "DMCC has played a critical role in establishing Dubai as the region's only commodities centre through its unique value proposition, industry infrastructure, and innovative products and services. The DMCC Tradeflow platform was developed to meet the increasing demand from the international commodity trade finance market for fast, reliable and secure financing solutions in the region, as well as drive the growth and success of Dubai and the UAE as a global trading hub.

"As industry pioneers, DMCC is committed to sharing its expertise and experience with our future business leaders. Meeting and interacting with students at HCT-Dubai was a great way to showcase the strength and diversity of Dubai's finance and commodities industry, as well as the integral role DMCC has played within it. We thank HCT-Dubai for inviting us to visit their prestigious establishment and we look forward to supporting more initiatives that educate our youth."

"This training session was organized as part of HCT-Dubai's efforts to provide opportunities for students to achieve experiential learning. It was an invaluable session for the students as they were trained in the latest and advanced online platform used to facilitate Trade Finance. This has also paved the way for future student-industry interaction mutually benefitting the students and the industry," added Dr. Sitalakshmi Ramanan, Business Faculty at HCT-Dubai.

HCT-Dubai Financial Services student Maryam Obaid Saif Al Qemzi said, "The lecture we attended was placing theory into practice, it was a new experience for us because each group was assigned a certain task and we all were anticipating events which made us understand how our studies were actually used in real life. The Guest lecturers made the learning process easier for us to grasp concepts and the reason of certain documents. It was one of the most unique lectures I have attended because the guests made our learning process closer to an activity."

-Ends-

About Dubai Women's College
Dubai Women's College (DWC), with more than 2,300 students, is part of the Higher Colleges of Technology (HCT).

The HCT is one of the leading higher education institutions in the United Arab Emirates with 17 campuses located throughout the country delivering a wide range of quality programs to over 18,000 students.  
DWC was established in 1989 and offers Bachelor degrees in Business, Information Technology, Education, Health Sciences, and Applied Communications.  Today, DWC is the quality provider of top-quality Emirati women graduates in Dubai.  DWC's mission is to provide a learning environment for young women to "Practice the Future" by developing confidence, professional excellence and an ethical commitment to leadership roles in a rapidly developing local economy.

About The Dubai Multi Commodities Centre
The Dubai Multi Commodities Centre (DMCC) is a strategic initiative of the Government of Dubai, was established in 2002, with a mandate to provide the physical, market and financial infrastructure required to set up a commodities market place in Dubai. The Centre attracts key players throughout the entire value chain of a wide range of commodities sectors, together with relevant support industries such as finance, logistics and insurance. DMCC has established a robust infrastructure, including free zone status, trade networking platforms, secure vaults and purpose-built storage facilities. Resident companies of DMCC are offered highly attractive benefits under a free zone status, including a 50-year guaranteed tax holiday, 100 per cent business ownership, full ownership of business premises, and a secure regulated environment. DMCC has also implemented a dedicated compliance policy in the organisation, which is in line with the compliance related laws and regulations of the UAE Federal Government and the competent international bodies. DMCC owns three fully operational towers which host the majority of the physical, market and financial infrastructure including the Jewellery & Gemplex facility, the specialized diamond and pearl exchanges and gold vaults.

For media enquiries:, please contact
Abrar Mikkawi
Media and Marketing Coordinator
Dubai Women's College/Higher Colleges of Technology
Tel: 04-208-9269           
Fax: 04-267-3939          
Email:abrar.mikkawi@hct.ac.ae

For media enquiries:
Dubai Multi Commodities Centre
Sandra Vetter Sloan
Director, Marketing & Communication
+971 4 433 6274
sandra.sloan@dmcc.ae

Brunswick Group
Jade Mamarbachi
+971 50 600 3829
jmamarbachi@brunswickgroup.com

© Press Release 2012