Dubai Mercantile Exchange (DME) and General Index Limited (GX) today signed a Memorandum of Understanding (MoU) in a move to further drive the growth and development of energy risk management and commodity derivatives markets in the Middle East and Asia.

Raid Al-Salami, MD, DME said:” Today’s MoU reflects our commitment to support the regional development of energy risk management ecosystem. We will work closely with GX to pave the way towards possible new products and many joint educational activities to enhance the awareness on crude oil benchmarks and how it serves both users and producers.”

The strategic partnership will enable DME and GX to explore areas of cooperation including joint education activities and collaboration to promote crude oil and refined products benchmarks and highlight the necessity of hedging instruments against markets volatility 

Neil Bradford, CEO, GX said:” We see great potential in combining the DME leadership position in Middle East and Asia crude benchmarks with GX’s innovative, technology-led approach to providing market data. Together we will provide new solutions to enable our joint clients to understand markets and manage risk.”

“GX was recently introduced to the market and was built on a very strong base with more than 30 years of experience in the energy markets and hence we are positive that our partnership today will bring a great value to our customers and our region.” Al-Salami ended

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.