News & Events

The Middle East's First Energy Futures Exchange welcomes Lord Mayor John Stuttard
Wednesday, February 14, 2007

The Dubai Mercantile Exchange Limited (DME), a joint venture between Tatweer, a member of Dubai Holding, and the New York Mercantile Exchange Inc. (NYMEX), was delighted to welcome the The Right Honourable The Lord Mayor of London, Alderman John Stuttard, today.

The Lord Mayor was given a tour of the DME's state-of-the-art trading floor and technological infrastructure and met with senior management of the DME. The Lord Mayor was accompanied by a delegation of over thirty business and community leaders from London.

As the head of the City of London Corporation, the Lord Mayor presides over its governing bodies and is the ambassador for the UK based financial services industry which is headquartered in the City. The Lord Mayor is also the President or Patron of many civic and charitable organizations.

The Lord Mayor is the latest in a string of high-profile visitors to the DME, set to become the Middle East's first energy futures exchange. The DME was previously visited by the mayor of Seoul Korea and many regional dignitaries.

Ahmad Sharaf, Chairman of the DME Board of Directors and Senior Vice President, Energy & Healthcare - Tatweer said, "The DME is making enormous progress and is deservedly attracting high-level international attention. We are delighted that the international market is increasingly recognising the historical significance of the contracts being developed by the DME with its key strategic partners."