dgcx and cgse sign mou to boost precious metals market
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

DGCX and CGSE sign MoU to boost Precious Metals Market

Arab Today, arab today

Arab Today, arab today DGCX and CGSE sign MoU to boost Precious Metals Market

DGCX
Dubai - WAM

The Dubai Gold and Commodities Exchange, DGCX, today signed a Memorandum of Understanding, MoU, with the Chinese Gold and Silver Exchange Society, CGSE, in Hong Kong.

As leading markets for precious metals trading, this collaboration will enable both DGCX and CGSE to deepen their penetration into emerging markets and further develop the precious metals markets in Asia and the MENA region.

Both CGSE and DGCX serve their domestic and regional client bases throughout Hong Kong, North East Asia, the GCC and the Indian Sub-continent, and the agreement recognises the significant opportunities to meet the evolving needs of investors in China and the Indian Sub-continent, two of the world’s largest consumers of precious metals.

The MoU will enable CGSE and DGCX to cooperate within the precious metals markets with a view to generating greater benefits for their market participants. The MoU will also pave the way for enhancing the positions of both exchanges as benchmark reference pricing venues, and further establish them as prime centres by connecting Asia and the Middle East.

Gautam Sashittal, Chief Executive Officer of DMCC and Board Director of DGCX, said, "At DMCC, the parent company of DGCX, we have successfully established ourselves as Dubai’s global gateway for trade with a strong focus on commodities, including precious metals. This partnership with CGSE marks a natural next step in achieving our underlying vision which is to connect markets and facilitate more global trade. We look forward to collaborating with the CGSE to further support the economic development agenda of China and the UAE."

Steven Chan Sheung Chi, President of the CGSE, said, "CGSE’s mission is not only to develop its role as China’s offshore hub for precious metals trading but also to strengthen cooperation with ASEAN countries. We have a broad ranging strategy in support of the 'Belt and Road' initiative that satisfies demand in Dubai and that will benefit both parties. As Dubai is on the route of the Belt and Road, we shall work together to develop a proprietary product satisfying both parties’ need."

 

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dgcx and cgse sign mou to boost precious metals market dgcx and cgse sign mou to boost precious metals market

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dgcx and cgse sign mou to boost precious metals market dgcx and cgse sign mou to boost precious metals market

 



GMT 10:35 2017 Saturday ,06 May

Outlasts Moriya in match play sibling duel

GMT 18:43 2018 Thursday ,06 September

Open sit-in protest against demolition of Khan Al-Ahmar

GMT 20:33 2017 Saturday ,08 July

US, Russia agree on ceasefire in southwest Syria

GMT 20:56 2017 Monday ,13 February

Netanyahu opposes Palestinian state

GMT 07:04 2017 Thursday ,16 March

Ministry of Justice celebrates Women World Day

GMT 17:51 2017 Monday ,23 October

Bahrain temporarily frees female activist

GMT 10:33 2018 Wednesday ,03 January

Govt striving hard to eliminate polio, hepatitis: Saira

GMT 00:38 2016 Monday ,19 December

Sisi leaves for Uganda on brief visit
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday