DUBAI / WAM Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, reported a new exchange-wide open interest record of 69,183 lots on May 31. This total is equivalent to almost 69.2 million barrels of crude oil. The latest figure surpasses the previous open interest record of 68,470 lots, which was set on ...

DUBAI / WAM The Logistics District at Dubai South has launched Masary, a new smart electronic system that reduces the transit time of goods and vehicles. The new system is considered the first of its kind in the region and will positively impact the traffic of goods and vehicles that move through the district. The Masary system is part of ...

OTTAWA / WAM The UAE Minister of Economy, Sultan bin Saeed Al Mansouri, has met with the Canadian Minister of Transport, Marc Garneau, and discussed ways to develop joint cooperation in the air transport field and reviewed the offer made by the Canadian side to increase the number of direct flights between the two countries. During the meeting, Al Mansouri ...