DUBAI — Ahmad Sharaf, Chairman of the Dubai Mercantile Exchange Limited or DME, has announced that the DME has welcomed John F. Sandner and Ali Tabbal to its Board. John F. (Jack) Sandner was Chairman of the Chicago Mercantile Exchange or CME for 13 years, making him the longest serving exchange chairman in the history of the futures industry. In January 1998, Sandner was elected Special Policy Advisor to the CME Board of Directors, a position which he held until October 2005.
Sandner continues to serve on the CME Group Board of Directors and is a member of the Executive Committee of the CME Group. Under his leadership, the CME became one of the global financial services innovators, embarking on many unique initiatives to createand trade products around the globe.
Ali Tabbal is presently Chief Financial Officer of Dubai Holding, joining in 2005 from TECOM where he was the Director of Finance.
Responsible for strategic, financial and treasury areas of the Group as well as ensuring compliance with corporate governance policies and objectives, Tabbal brings strong local and international financial experience to the Board of Directors.
LONDON - After New Year cheer, reality is starting to bite. Several factors have doused the rallies in some key basic resources this year, including dollar strength and concern about regulation, but most noticeable are the steps taken by commodity consuming giant China to curb excessive loan growth.
WASHINGTON - U.S. wholesale inventories unexpectedly fell 0.8 percent in December, while sales rose 0.8 percent, a government report showed on Tuesday.
