The Gulf Mercantile Exchange (GME) on 20 April signed an MoU with China’s Shanghai Futures Exchange (SHFE) to “to establish a framework for strategic cooperation between the Middle East and China’s derivatives markets.”
In a press release, the region’s largest commodities and futures exchange says that “this partnership supports GME’s ongoing efforts to position the Gulf as a global commodities hub and aligns with SHFE’s internationalization strategy to connect with key markets across the world.” (CONTINUED - 408 WORDS)
