Talk:Dubai Multi Commodities Centre

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Some proposed changes
Information to be added or removed: Remove advert tag on top of the page

Explanation of issue: I have removed the promotional information from the page and hence request you to please remove the advert tag at the top of the page.

References supporting change: No additional references were added to the page.

27.106.115.131 (talk) 15:40, 5 February 2019 (UTC)


 * ❌: The changes should be made by an uninvolved editor with no conflict of interest. GSS (talk |c|em ) 17:26, 5 February 2019 (UTC)

Hi GSS,

proposed edits and citations here, request your review:

DMCC (Dubai Multi Commodities Centre) was established in 2002 by the Government of Dubai to provide the physical, market and financial infrastructure required to establish a hub for global commodities trade.

Ahmed Bin Sulayem is the Executive Chairman of DMCC.

DMCC
DMCC Free Zone is the largest free zone in the UAE, with more than 15,000 registered members as of 2018.

In 2018, DMCC was awarded number one global free zone for a fourth consecutive year by the Financial Times FDi magazine.

The 200-hectare mixed-use free zone is grouped into clusters each comprising three tower blocks around three large lakes and a central park.

DMCC recently launched the Middle East's first Google for Entrepreneurs Global Tech Hub with AstroLabs Dubai. The Google for Entrepreneurs Global Tech Hub features an advanced mobile device development lab, co-designed with Google for Entrepreneurs, to enable Startups to build apps for the highest smartphone penetration markets globally.

There are 68 towers and the 200-hectare development currently comprises approximately 180,000 sq/m of commercial, residential and retail space.

Commodity services
DMCC supports commodity trading across certain commodity groups through purpose-built infrastructure including the Dubai Diamond Exchange (DDE) and Dubai Pearl Exchanges (DPE), DMCC Tradeflow and the Dubai Good Delivery Standard (DGD) for Gold.

The four main commodity groups are:

Gold: DMCC has integrated the refining, manufacturing and trading of gold and precious metals through a variety of Dubai-based services (including Dubai Good Delivery (DGD), Dubai Gold Advisory Group, DMCC Vault), and products (including the Visions of Dubai commemorative gold coin and the UAE gold bullion coin.

Diamonds: The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the diamond and coloured gems market. Dubai ranks third behind Antwerp and Mumbai in the leading global diamond hubs in terms of trade, growing from $300 million (Dh1.10 billion) in trade in 2002 to $26 billion in 2016.

Pearls: The Dubai Pearl Exchange (DPE) provides facilities for traders in pearls, and services include sales rooms, customs duty facilitation, gem analysis centre, vaults, market information and dedicated events like the World Pearl Forum. In early 2011, DPE held the first pearl auctions outside of the Far East.

Tea: The DMCC Tea Centre is a 24,000 sq/m facility located in Jebel Ali Free Zone(JAFZA). It has a business centre, temperature controlled storage, blending solutions, packaging, professional advisory and tea tasting services for international tea producers and buyers.

Coffee: In November 2018, the dedicated 7,500 sq/m DMCC Coffee Centre, located next to the DMCC Tea Centre in Jebel Ali Free Zone (JAFZA), will officially open.

Financial services
DMCC offers investors financial products and has formed various strategic joint ventures to achieve this. These include:

Dubai Commodity Asset Management (DCAM): Established to develop and seed commodity-linked investment products for distribution in the UAE and other markets.

Dubai Shariah Asset Management (DSAM): A joint venture between DCAM and Shariah Capital Inc. (‘Shariah Capital’), a US-based Shariah-compliant financial adviser and consultant. The DSAM Kauthar Commodity Fund comprises four single strategy commodity–based funds that invest exclusively in Shariah-compliant long/short equity hedge funds. The four strategies are: The DSAM Kauthar Gold Fund; the DSAM Kauthar Energy Fund; the DSAM Kauthar Natural Resources Fund and; the DSAM Kauthar Global Resources & Mining Fund.

DMCC Tradeflow: An electronic system that brings together all parties involved in inventory based financing. Through the platform, owners of goods stored in rated warehouses in the UAE can request warehouse keepers to issue "Tradeflow Warrants" which represent the ownership of their goods. These warrants can be used by the owners to pledge beneficial ownership or transfer title of the stored goods to financiers as collateral in return for working capital.

The Dubai Gold & Commodities Exchange (DGCX) Established in 2005, is the region's leading derivatives exchange and the only one allowing global participants to trade, clear and settle transactions within the Gulf region. DGCX is an electronic commodity and currency derivatives exchange with over 200 members from across the world, offering futures and options contracts covering the precious metals, energy, equities and currency sectors.

Property
DMCC, [for which Jumeirah Lakes Towers (JLT) (Arabic: أبراج بحيرات جميرا) is the physical address], is a 200-hectare, mixed-use master development facilitating both business and community living. Its 68 towers offer residential, office and retail property for freehold and leasing.

Almas Tower, the headquarters of DMCC, was completed in mid-2008, is the world's 31st tallest structure - and home to DMCC and the Dubai Diamond Exchange (DDE) and Dubai Pearl Exchange (DPE). The 68-floor building also houses around a thousand diamond companies, diamond vaults, a diamond trading floor, DMCC's corporate offices and the Almas Conference Centre (ACC).

DMCC's 2017 masterplan for the Uptown Dubai district includes more than 10 million square feet of commercial and residential space, more than 200 retail and F&B outlets, alongside 3000 residences, a central entertainment plaza and luxury hotels.

Awards

 * Global Islamic Finance Award for Best Supporting Institution, 2014.
 * fDi Global Free Zones of the Year, 2015, 2016, 2017 and 2018.
 * Facilitating Most Innovative Structured Transaction Award in 2007, Deal of the Year Award.
 * Dubai Shariah Asset Management awarded as Best Shariah Compliant product provider, and DSAM Kauthar Commodity Fund received Best Funds of Funds Award, at the Hedge Funds World Middle East Conference 2010
 * Best Fund-of-Funds, Failaka Islamic Fund Award, April 21, 2010.