Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East was honored Wednesday to welcome H.E. Suhail Al Mazrouei, Energy and Industry Minister, UAE.
His Excellency was given an overview on DME’s vision and objectives, and attended the pricing window which is used by Oman and Dubai governments, and recently adopted by Saudi Aramco, to calculate Official Selling Prices for customers.
H.E Suhail Al Mazrouei, Energy and Industry Minister, UAE, said:” We are proud to see such successful businesses operating from the UAE and we are sure that the experience DME have gained over the past decade is an asset for all of us. We congratulate DME on all the milestones realized since inception, and on its latest achievement with Saudi Aramco aopting DME Oman in their pricing formula.”
Raid Al-Salami from DME said: "We are delighted with His Excellency’s visit, and we believe it is a major step towards strengthening our relationship with key UAE and Middle East decision makers and thought leaders. Such a step is vital to empower UAE’s position as a global hub for crude oil and refined products pricing.”