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Dubai Multi Commodities Centre

Trade

Dubai Multi Commodities Centre Overview

Dubai Multi Commodities Centre – DMCC – was set up in 2002 to establish Dubai as a commodity trading and free-trade zone.

Today DMCC accounts for 15 percent of all foreign direct investment in the emirate.

DMCC is also home to mixed-use developments Jumeirah Lakes Towers and Uptown Dubai, which together accommodate more than 100,000 professionals, residents and visitors.

The DMCC deals in four main sectors: precious commodities (such as gold and diamonds); agricultural commodities (including tea and cotton); steel and metals; and energy.

The Dubai Diamond Exchange (DDE) was established at the DMCC in 2004. Dubai ranks third behind Antwerp and Mumbai in the leading global diamond trading centres.

The Dubai Pearl Exchange at DMCC followed in 2007, providing facilities for traders in pearls.

Then in 2012 the DMCC launched its own financial products.

The DMCC holds regular networking events and offers a programme of business seminars, workshops and webinars.

In August 2020 the Investment Corporation of Dubai sovereign wealth fund became the parent company of the DMCC as part of extensive restructuring.

More than 25,000 companies are registered with DMCC. Its latest launch was the the DMCC AI Centre in 2024.

Dubai Multi Commodities Centre News

A rendering of the Dubai Crypto Tower that is intended to house blockchain companies

Dubai Multi Commodities Centre announces “Crypto Tower”

Dubai Multi Commodities Centre (DMCC) and software company Reit Development have announced plans to build a 17-storey “Crypto Tower” that they say will demonstrate the use of blockchain technology.  Blockchain will be used for tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services. The 150,000 sq […]

UAE minister of state and Adnoc CEO Sultan Al Jaber. The company has been instrumental in turning the UAE into a trading centre

UAE to shake up old world order as oil trading centre

For years, Geneva, London, Amsterdam and Singapore have been the preferred homes of middlemen helping to move crude oil and its derivatives around the world.  But recent geopolitical and economic shifts have paved the way for the UAE to emerge as a trading powerhouse, attracting international talent and rivalling the old world order.   The UAE […]

Adani Group's Gautam Adani has been accused of bribery payments to Indian government officials, something the group strongly denies

US charges billionaire Gautam Adani in $265m bribery case

US prosecutors have indicted Indian billionaire Gautam Adani and seven others, including his nephew Sagar Adani, in connection with an alleged $265 million bribery scheme tied to India’s largest solar power project. Adani has extensive business interests in the Arabian Gulf. The indictment, unsealed in New York on Wednesday, accuses the Adanis and Vneet Jaain, […]

UAE Turkey trade DMCC

More Turkish companies open in UAE after trade deal

A free trade agreement between the UAE and Turkey has been followed by a jump in the number of Turkish companies opening offices in the UAE.  The signing of the comprehensive economic partnership agreement (Cepa) between the two nations in March 2023 was designed to create greater collaboration and remove tariffs on a range of […]

Ahmed bin Sulayem told AGBI that AI impacts every sector within DMCC Video length: 03:30

Dubai AI leaders call for global regulations

Digital economy leaders in the UAE called for the global unification of artificial intelligence regulations at the launch of DMCC’s AI Centre last week.  Dubai issued a universal blueprint for AI earlier this year, but a unified framework governing the growing AI technology sector is still lacking.  “How can you disregard the artificial intelligence sector […]

DMCC CEO Ahmed Bin Sulayem says there is 'there is plenty of untapped potential' for UAE trade with Japan

Dubai free zone to build on UAE-Japan trade

A Dubai free zone has concluded a trade roadshow in Japan as the UAE looks to increase non-oil bilateral trade, which was worth nearly $7.5 billion in the first half of 2023. Dubai Multi-Commodities Centre (DMCC) said its first Made for Trade Live roadshow in Japan focused on web3, gaming and artificial intelligence. DMCC contributes […]

Crypto miners have been drawn to the Gulf for its low electricity costs and comparatively unrestricted land use rules

Crypto miners see ‘enormous potential’ in the Gulf

With cryptocurrencies edging up again after last weekend’s “halving” – in which the rewards Bitcoin miners get for solving problems is cut in two to maintain scarcity – these are heady days for holders of Bitcoin and other virtual currencies. Bitcoin miners have been attracted to the Gulf by cheap electricity and established infrastructure.   “GCC […]

Sylvain P. Gaillard, director of the Opera Gallery in Dubai

Art trumps diamonds when it comes to luxury investment

For Middle East investors, works of art are worth hanging on to. Artworks have more than doubled in value over the past decade, the latest edition of the Knight Frank Global Wealth Report reveals. It was a mixed year for luxury investments last year. Whisky, cars, handbags, furniture and wine lost value. Diamonds, coins and […]