Dubai Multi Commodities Centre
|Dubai Multi Commodities Centre|
|Key People||David Rutledge, CEO; Ahmed Bin Sulayem, executive chairman; Ian MacDonald, executive director gold and precious metals; Jean van der Donckt, special advisor diamond banking; Tilak Doshi, special advisor energy|
The Dubai Multi Commodities Centre (DMCC) was formed in 2002 to establish the infrastructure for expanding commodities trading in Dubai, part of the emirate's efforts to create a global financial services hub.
Its projects include the development of the Dubai Gold & Commodities Exchange, which launched in November 2005 and lists contracts on precious metals, steel, fuel oil and currencies.
The DMCC has also spearhead the expansion of diamond and tea trading in Dubai - it operates the Dubai Diamond Exchange and the Dubai Tea Trading Centre, and has announced plans to target the carbon trading and plastics trading, as well as explore opportunities for pulse trading.
The DMCC announced plans in June 2007 to develop a carbon trading scheme with EcoSecurities 
It also created the Dubai Pearl Exchange.