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Dubai / WAM
DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — has announced the opening of the Israel Diamond Exchange (IDE) representative office at the Dubai Diamond Exchange (DDE) in Almas Tower.
Senior representatives and government officials from DMCC, World Federation of Diamond Bourses (WFDB), IDE and the Israeli Consulate in Dubai attended the inauguration of the IDE office.
The opening comes a day after DMCC announced that the UAE has become the world’s largest rough diamond trade hub, with $22.8 billion-worth of rough diamonds traded in 2021.