Dubai: Dubai Mercantile Exchange (DME), the premier international energy futures and commodities exchange in the Middle East, and Bank of China, today signed a Memorandum of Understanding to boost cooperation in offering innovative finance solutions to their mutual customers.
DME and Bank of China will work together to examine the feasibility of creating new financial products and will explore new financing solutions to support their mutual customers in the Middle East and Asian markets. The two institutions will also promote the development of close links between the financial and trading communities in Dubai and China.
Christopher Fix, Chief Executive of DME, said, “This MoU with Bank of China reflects DME’s determination to develop additional products and services that can benefit our growing customer base in Asia. DME is proud to be working with such a prestigious partner as Bank of China and we are excited about the opportunities that will follow from this initial agreement.”
Chu Furong, Executive Manager, Financial Institutions, Bank of China, said, “Bank of China is pleased to be working closely with DME to develop solutions that can benefit our mutual customers. Both Bank of China and DME are well placed to build on the recent strong growth in trading activity between Middle East and Asia and we look forward to further beneficial cooperation.”
