Small Business Resources, Business Advice and Forms from AllBusiness.com

UAE construction sector to benefit from Dubai Steel futures market.

Sep. 19--The launch of the forthcoming Dubai Steel Futures contract will enable building contractors in the UAE and surrounding region to reduce cost overruns in their construction projects, said Dr. David Rutledge, Chief Executive Officer, Dubai Multi Commodities Centre (DMCC). Steel producers, traders, contractors and end users would be able to better manage their price risk leading to improved price discovery for steel in the region, he said. Dr. Rutledge was speaking at the MEED Middle East Steel conference, held in Dubai from September 17th -- 18th, 2006. His presentation

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • What Are Futures?
    • Whether you are dealing in orange juice, wheat, pork bellies, silver or gold, if you are investing in commodities, you are dealing in the futures market. The goal is to make money when that commodity either gains or loses in value. In essence, you are betting on the future of ......
  • Growing overseas.
    • The popularity of bringing new contracts overseas continues as the New York Mercantile Exchange (Nymex) and the Dubai government look to launch the Middle East's first energy and metals futures exchange. The joint venture will be called the Dubai Mercantile Exchange and will launch gold and high-sulfur crude oil as ......
  • LME still eyes steel futures
    • London Metal Exchange (LME) officials still are investigating the possibility of a price risk management tool for six steel products. The exchange is seeking data from reference price compilers to work with the LME to create and publish specific steel reference prices. If, after a year, these prices have gained ......
  • Succumbing to the Steel Surge
    • The dramatic spikes in the price of steel during the past few months are creating financial havoc for fabrication, construction and other steel-related companies, both in NH and nationally. With the bidding process for construction projects taking weeks or months, the daily price hikes are cutting into profit margins for ......
  • Steel futures contracts and the London Metal Exchange. (Metals Trading).
    • In October 2002, addressing the annual gathering of the world steel industry at the International Iron and Steel Institute's (IISI) annual meeting, Sir Brian Moffat, Chairman of Corus Group, called for a futures market in steel trading. In the succeeding 5-months, much debate has taken place within the industry as ......
  • Rising steel prices cause contract woes.
    • Skyrocketing steel prices have prompted the construction industry to consider including warnings in customer contracts. Some in the industry are considering including an "escalation clause" in contracts to try to recoup their costs. "The clause would be recognized by both parties that the price of steel is undergoing unusual price ......
  • Oil Futures Launch May Turn Dubai Into Derivatives Hub.
    • Dubai launched the Persian Gulf's first fuel oil futures contracts last month which could mark the beginning of the emirate's transformation into a new energy derivatives trading centre. Dubai is also becoming a trading centre for crude oil and liquefied natural gas (LNG). The year-old Dubai Gold and Commodities Exchange ......

Blogs

  • Isn't It Time for Financial Management Training for Your Staff?
    • Construction companies have long neglected the idea that their employees should know financial management. This is madness. Owners trying to create personal wealth with employees who do not know cost and profit fundamentals. If they don't understand financial concepts, how can they deliberately influence them?...
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.