• Dubai Shariah Asset Management recognised as ‘Best Shariah Compliant product provider’
• DSAM Kauthar Commodity Fund wins ‘Best Funds of Funds Award’

Dubai, March 3, 2010: In recognition of the outstanding performance of DMCC’s Dubai Shariah Asset Management (DSAM) Commodity Funds in 2009, DMCCA Executive Chairman Ahmed Sultan bin Sulayem was presented with the “Middle East Investor Award” by the Hedge Funds World Middle East Conference 2010. This announcement was made today by Dubai Multi Commodities Authority (DMCCA). In addition, DSAM was also recognised as “Best Shariah Compliant product provider” and DSAM Kauthar Commodity Fund wins “Best Funds of Funds Award.”

Held at the Jumeirah Beach Hotel in Dubai, the 11th Annual Hedge Funds World Awards recognised companies and individuals that have demonstrated an unparalleled ability to succeed and continually set standards of excellence in the hedge fund industry.

“I would like to thank Hedge Funds World Middle East and the award judges for recognising the efforts of DMCC in strengthening Dubai as a commodity trading centre” said Ahmed Sultan bin Sulayem.

“Despite the challenges that we all face, we see DMCC is a shining example of the character of Dubai and the leadership of His Highness. Under whose guidance of His Highness the impossible became possible. It was the creation of Jebel Ali port which led to the exponential rise in the flow of the commodity trade through Dubai directly leading to the establishment of DMCC. In recognition of his leadership and vision, I dedicate this award to NO OTHER than His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prim Minister of the UAE and Ruler of Dubai.”

In addition, DMCCA also received nominations for “Best Hedge Fund Manager” for DSAM Kauthar Global Resources & Mining Fund and “Best Performing New Fund” for DSAM Kauthar Gold Fund, Ltd.

DSAM is a joint venture between Dubai Commodity Asset Management (DCAM), a wholly-owned division of the DMCCA and Shariah Capital, Inc. DMCCA has invested US$50 million into each of the initial four DSAM Kauthar funds as the seed investor, representing a total investment of US$200 million. DSAM manages the DSAM Kauthar Commodity Fund (DKCF) which offers investors exposure to Shariah compliant hedge fund strategies diversified over a range of commodity sectors.

Almas Conference Centre to be managed by Atlantis, The Palm

Dubai Multi Commodities Centre (DMCC) today announced the official opening of Almas Conference Centre, a state-of-the-art facility that is positioned to create a world class corporate events destination in the Jumeirah Lakes Towers (JLT) community. Read the full story

Newly appointed high-profile members hold first board meeting to review strategy and endorse Diamond Masterplan

The Dubai Diamond Exchange (DDE), a subsidiary of Dubai Multi Commodities Centre (DMCC), Read the full story

DMCC free zone to serve as Macsteel International’s Middle East base

Jumeirah Lakes Towers continues to develop as regional hub for international steel and base metals industry

Dubai Multi Commodities Centre Authority (DMCCA) announced today that Macsteel International, Read the full story

• Dubai Cotton Centre launches membership drive and introduces new services

• Members now enjoy real-time price quotes, online bidding and 30-day free storage

Dr David Rutledge, CEO of DMCC, presenting DCC membership to Mr. Bobur M. Hojiahmedov, Chairman of the Board, Uzprommashimpeks.

In a move to strengthen Dubai’s position as a hub for the cotton trade in the Middle East, Dubai Cotton Centre (DCC) has launched a membership drive, offering members a package of new services. Members of DCC, a fully owned subsidiary of the Dubai Multi Commodities Centre (DMCC), Read the full story

• DGCX CEO takes over DMCC; draws upon professional background and expertise in commodities sector

• Outgoing DMCC CEO Dr. David Rutledge retires following more than six years at DMCC and decades in international commodities, financial and derivatives markets

Mr. Malcolm Wall Morris (left) as the new Chief Executive Officer replaces Dr. David Rutledge (right), who is retiring after more than six years of service at DMCC

Dubai Multi Commodities Centre (DMCC) announced today the appointment of Mr. Malcolm Wall Morris, formerly Chief Executive Officer of the Dubai Gold & Commodities Exchange (DGCX), Read the full story

Comprehensive knowledge tool aims to benefit region’s gold supply chain

Dubai Multi Commodities Centre (DMCC) today announced that it released the Arabic-language edition of the GFMS Gold Survey 2009, the single most comprehensive, independent and authoritative knowledge tool on the global gold industry. Read the full story

Dr. David Rutledge, Chief Executive Officer of DMCC

• Up from US$13.07 billion in H1 2008

• Imports reach 300 tonnes, while exports touch 213 tonnes

• Gold continues to be inflation-hedge instrument

• India and Switzerland remain top trading partners Read the full story