DME-AUD Academy holds seminar on Energy Futures

DUBAI — The recently announced DME-AUD Academy held its first seminar at the American University of Dubai (AUD) with more than 400 energy, finance and business professionals in attendance.

By Staff Reporter

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Published: Fri 23 Jun 2006, 11:22 AM

Last updated: Sat 4 Apr 2015, 3:26 PM

The seminar which covered Energy Futures Trading is the first in a series of educational sessions aimed at increasing knowledge within the UAE, Gulf region, and the greater Middle East on energy risk management and trading.

The DME — AUD Academy, the first academy of its kind, was developed to become the premier commodity and risk management centre in the region, providing potential market participants of the Dubai Mercantile Exchange Limited (DME) with the necessary skills and information to strengthen their ability to trade commodities as well as enhance their knowledge of managing price risk. The seminar offered attendees from the region the ability to participate in three sample modules on physical oil trading, using futures, and technical analysis at a presentation delivered on the campus of the AUD.

Dr Lance de Masi, AUD's President announced in his introductory remarks that "The DME — AUD Academy is officially open and is well on its way of attaining its goal of educating students and professionals alike in the intricacies of transacting energy futures contracts at the Dubai Mercantile Exchange. AUD's partnership with the DME in the founding of the Academy is an opportunity for education to triumph. The Academy will serve as a shining example of the formidable impact that an institution such as ours can have when it teams with an entity the likes of the Dubai Mercantile Exchange."

Gary King, Chief Executive of the DME introduced the Exchange, a joint venture between the New York Mercantile Exchange (NYMEX) and Tatweer, a member of Dubai Holding, which recently announced that it will be listing an Oman Crude Oil futures contract.

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