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Dubai to Provide Financing for Diamond Dealers May 24, 21 by John Jeffay (IDEX Online) - The Dubai Diamond Exchange (DDE) could set up its own bank to provide financing for dealers. The move is designed to attract more business to a hub that opened in 2002 a nd last year saw $25bn of rough diamond transactions.   pictured), executive chairman a nd CEO of Dubai Multi-Commodities Centre (DMCC) where the exchange is located, said he recognized the need for finance, and believed it could be made available within as little as a year. "It's going to happen one way o r the other," he told the 

The International Women’s Coffee Alliance (IWCA) has made a major play in bringing its members’ coffees to market through a new agreement with the international wholesale distributor of Mutombo Coffee, Cajary Majlis. Based at the Dubai Multi-Commodities Centre (DMCC) free zone with offices in Atlanta and New Orleans, Cajary Majlis is the wholesale distributor and sibling company of the new roasted coffee brand Mutombo Coffee, launched by NBA legend and humanitarian Dikembe Mutombo earlier this year. A memorandum of understanding between Cajary Majlis and the IWCA is expected to benefit wo...

Israel’s list of concerns is long, but it also views many of them as interconnected. Israel has faced Iran’s threats to develop a nuclear weapon for more than a decade. Now Tehran is once again indicating it may enrich uranium upwards of sixty percent and is moving to install advanced centrifuges at Natanz and Fordow, key nuclear facilities. While Iran’s posturing may be designed initially as leverage to get the United States to enter a new nuclear deal, as Washington once signed in 2015, the larger context is how Israeli strategy sees the threat. In a conversation with a senior defense...

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The new relationship will quickly build new economic and military ties. The GITEX technology week in Dubai in early December 2020 was a unique event as it came amid a global pandemic and aimed to show that a large tech confab could be held as countries are just beginning to receive vaccines. With some 1,200 exhibitors from sixty countries, the large event in the center of Dubai included unprecedented Israeli participation this year. It also had an inaugural UAE-Israel Future Digital Economy Summit.   In some ways the event was entirely normal, a reminder of a world before the coronavirus bro...