DME celebrates First Anniversary
Dubai – 1 June, 2008
Pictured from left: Ahmad Sharaf,
Chairman, DME, James E. Newsome, President, NYMEX, HE Nasser
Al Jashmi, Undersecretary, Oman Ministry of Oil and Gas,
Gary King, CEO DME, and Juma Al Hinai, Director General
of Revenue, Oman Ministry of Finance, gathered on the
Dubai Mercantile Exchange trading floor to celebrate the
Exchange’s 1st Anniversary and launch of two new
contracts. The DME’s flagship contract, the DME Oman
Crude Oil Futures Contract, is increasingly seen as the
3rd global benchmark for crude oil and first for Middle
Eastern sour crude. With over 70 members, the approval
of 24 regulatory bodies, and over 350m barrels of oil
traded – the DME has a lot to celebrate today and looks
forward to even more success in Year Two!
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