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D Introduction to DMCC and Commodities trade facilitation services.

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Presentation on theme: "D Introduction to DMCC and Commodities trade facilitation services."— Presentation transcript:

1 D Introduction to DMCC and Commodities trade facilitation services

2 ABOUT DMCC 1.0

3 About DMCC Made for trade DMCC is a strategic initiative of the Dubai Government designed to grow Dubai’s economic force by developing a global hub for commodities trade. We develop world class infrastructure and leverage our strategic location at cross roads between East and West to strengthen Dubai’s position as an efficient logistics hub and an international centre for commercial excellence. We are made for trade.

4 DMCC Free Zone Over 11,000 companies Dynamic community of more than 85,000 Fastest growing and largest Free Zone in the UAE Covering almost 600 business activities

5 Benefits of DMCC Free Zone 0% tax holiday for 50 years 100% company ownership No capital repatriation restrictions Offers a range of license activities Complete range of office options Assistance with employee residency Very active networking and clubs Industry clustering

6 DMCC Business Community 200 hectare development 2 metro stations 66 towers for sale or lease Some of the most central and affordable real estate in Dubai

7 DMCC AS A PLATFORM FOR DOING BUSINESS IN AFRICA 2.0

8 Importance of Understanding Africa Common Market for Eastern and Southern Africa (COMESA) Community of Sahel-Saharan States (CEN-SAD) East African Community (EAC) Economic Community of Central African States (ECCAS) Economic Community of Western African States (ECOWAS) Intergovernmental Authority on Development (IAD) South African Development Community

9 Understanding the opportunities Dubai offers - Connectivity Emirates Airlines destinations Dubai Ports Marine Terminals

10 Dubai Gold Trade Since 2003, Dubai’s gold trade has doubled in volume; driven by the increase in volumes and price it has grown by 825% in total trade value Dubai’s strength is based on strong local consumption and international trade opportunities through its world class air logistics infrastructure Globally, the UAE ranks 1st in gold jewelry consumption per capita (19 grams) and 6th in total consumption Dubai supplies most of India’s annual Gold bar imports ~200 tonnes annually Dubai gold trade is the highest traded non-oil commodity in the UAE, and one of the largest global trading hubs

11 DMCC Gold Trade Facilitation Accreditations – Dubai Good Delivery (DGD): The DGD standard was developed by DMCC in 2005 and is regarded as the international benchmark for quality and technical specification for the production of gold and silver. – Market Deliverable Brand (MDB): MDB is an accreditation initiative that certifies gold and silver refineries (with a minimum of one year of operations) for their quality and technical production of gold and/or silver. For gold refineries, the certification also includes responsible sourcing of gold in accordance with the ‘DMCC Guidance’ and ‘Review Protocol’. Membership is renewable annually. – Responsible Market Participant (RMP): RMP is an accreditation initiative that certifies gold market participants (such as traders, jewellers and manufacturers with a minimum of one year of operations) for responsible sourcing of gold in accordance with the ‘DMCC Guidance’ and ‘Review Protocol’. Membership is renewable on an annual basis. Almas Vault – The largest non-sovereign vault in the Middle East – Managed by Brinks Global Services, it combines the highest security standards with one of the most favorable locations to hold and trade precious metals, Dubai – DMCC built the vault with a long-term vision of providing banks and gold traders with adequate infrastructure in Dubai as an emerging bullion banking hub Gold Industry Cluster – The JLT Free Zone is home to over 1,000 gold and jewelry traders and refineries – In 2015 DMCC hosted its 4 th edition of the Dubai Precious Metals Conference which has become a must attend event for the industry globally – Its theme was ‘Engaging with Africa’

12 Dubai Gold and Commodities Exchange (DGCX) Multi -asset trading platform. Key regulated platform to trade bullion. DGCX currently has two Gold Contracts – both settled in USD. Attractive inter commodity margin benefits to trade both Gold contracts. Plans to launch Soft Commodities by early 2016. Hydrocarbons will be a strong vertical in 2016 with Mini WTI futures and new contracts on fuel oil and more. DGCX is one of five financial exchanges in the UAE. Established in November 2005, DGCX offers derivatives futures and options contracts in Precious Metals, Base Metals, Currencies, Energy, Equity Indices and Soft Commodities. DGCX today has a membership base of over 250 members with 84 clearing members.

13 DMCC – A trade platform for Africa Through DMCC, Traders and Miners in Africa can directly access global markets; obtain financing and trade gold at the most competitive prices globally 13

14 Overview of Dubai’s Gold imports from Ghana Since 2010 Dubai has been a major trading partner for Ghanaian mined gold In 2014 Dubai accounted for approximately 40% of Ghanaian gold exports Dubai offers an ideal platform for Ghanaian miners and traders to participate in the global market, access financing and other necessary facilities to maximize the value of its’ industry

15 Thank you


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