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May 2, 2014

Staff Report

DME welcomes Philip Futures as Clearing Member

Dubai: DME, the Middle East's premier international energy futures and commodities exchange today announced the approval of Phillip Futures as a Clearing Member. Futures is a Chicago-based clearing futures commission merchant (FCM) and a member of the Singapore-based Phillip Capital Group. As a Clearing Member, Futures will guarantee the financial performance of trades carried out by its customers on the DME. All DME market participants are required to maintain an account with a DME Clearing Member. All trading in DME contracts is cleared through CME Clearing, a division of CME Group.

The Noodle House arrives on the London dining scene

Dubai: Jumeirah Restaurants, the dedicated food and beverage division of Jumeirah Group, has partnered with UK-based EQ group to bring one of the UAE's home-grown brands, the noodle house, to Central London. London residents are now able to enjoy the authentic flavours of South East Asia via Dubai in Shaftsbury Avenue at the newly opened restaurant. Based in the bustling streets of Soho on Shaftesbury Avenue, the latest opening is a key achievement for the Dubai-based brand as it enters another key market bringing its popular array of Indonesian, Singaporean and Malaysian dishes to the discerning diners of London.

Toyota Happy Days

Dubai: Al-Futtaim Motors, exclusive distributor of Toyota in the UAE, said in a statement this week it has launched Toyota Happy Days, a 10-day exclusive promotion on a wide range of Toyota SUV, sedan, hatchback and sports models, from 1 to 10 May, 2014. With savings reaching over Dh60,000 on a selection of previous model year vehicles, Toyota Happy Days offers the best automotive deals in town, making way for the latest model year vehicles and helping customers turn their dreams of owning a Toyota into reality.

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Source: Gulf News (United Arab Emirates)