Four workers died when the drone struck a condensate storage tank at Khor Mor Complex, Dana Gas said in a statement to the ADX
mena2 hours ago
Total commodity and currency futures transactions on DGCX had an underlying value of $10.86 billion in November, the second highest monthly value achieved since inception in November 2005.
The exchange achieved an Average Daily Volume of 9,528 in November compared with 2,140 contracts in the same period last year.
November’s volume surpassed the previous high of 186,842 contracts achieved in July 2008 and the recently monthly high of 162,969 contracts in June 2009. Trading volume on the Exchange was driven by currency and gold futures, which grew by 379 per cent and 233 per cent respectively.
While volume grew across all products, gold was the largest contributor, accounting for 39 per cent of total transactions. The strong performance of DGCX commodity and currency derivatives in November is further evidence that market participants are seeing the benefits of these alternative asset classes in the current economic environment. Furthermore, with the gold price volatility and record highs of late, many participants are choosing the precious metal futures contracts to hedge their risk as well as diversify their portfolios.
Gold and WTI crude oil futures recorded volume of 73,458 and 21,211 contracts in November, whilst total currency futures volume was 89,695 contracts in the same month, led by Euro/Dollar and Sterling/Dollar at 47,337 and 24,743 contracts respectively. Year-to-date volume reached 1,322,800 contracts as end of November, with current open interest standing at 3,000 contracts.
Four workers died when the drone struck a condensate storage tank at Khor Mor Complex, Dana Gas said in a statement to the ADX
mena2 hours ago
Experience the future of comfort and convenience with innovative smart furniture, elevating your lifestyle through seamless integration of technology and design
business technology review2 hours ago
The device is equipped solely with an AI-powered personal assistant tasked with carrying out a multitude of practical tasks
business technology review2 hours ago
Jayden John Jacob unveils the world's first free mental health app exclusively for men
business technology review2 hours ago
Astra Nova is incubated by the Hashgraph Association & Gotbit, positioning it as the flagship game of the GCC region
kt network2 hours ago
Innovation is also playing a crucial role in shaping the off-plan landscape
kt network3 hours ago
Schools continued distance learning during the rains and in the aftermath of flooding to safeguard the well-being of students, staff
education4 hours ago
Watch as he descends from the sky, parachuting straight into the heart of the action
uae attractions4 hours ago