DME registers 21% increase in exchange trading volume

Updated 19 November 2019

DME registers 21% increase in exchange trading volume

Dubai Mercantile Exchange (DME), the premier international energy futures exchange in the Middle East, has announced a 21 percent increase year-on-year in exchange trading activities, along with 172 percent increase in forward curve trading, following Saudi Aramco’s adoption of DME Oman in its official selling price in October 2018.
In 2019, DME registered an average daily volume of 5.97 million barrels of crude oil from January to October, up from 4.95 million barrels for the same period in 2018. Forward curve activities reached a total of 600.7 million barrels from January to October 2019, compared with 223.2 million barrels in the corresponding period in 2018.
Raid Al-Salami, managing director, DME, said: “We are witnessing a growing interest among crude oil sellers and buyers to trade and participate in the price discovery through DME, the only regulated energy exchange in the biggest oil-producing regions.”
“DME today plays a major role as the most reliable pricing point for Middle Eastern crude oil going East, due to its growing and diversified customer base, the transparency of DME Oman benchmark and its ability to capture the real supply-demand situation in the East of Suez market. The tremendous growth we experienced over the first 10 months of the year is a true testimony to our unmatched credentials.”

 


Pearson unveils Mideast winners of BTEC Awards

Updated 09 July 2020

Pearson unveils Mideast winners of BTEC Awards

Outstanding students, tutors and colleges from 25 countries, including from the Middle East, saw their achievements recognized at the BTEC Awards 2020 ceremony, held online for the first time due to coronavirus.

Hosted by presenter of the United Stand, YouTube influencer and BTEC ambassador, Flex, 17 category award winners were celebrated from the UAE and around the Middle East as well as internationally in subjects such as health and social care, performing arts, engineering, IT, business and sport.

Double Olympic gold medalist Max Whitlock and architect, TV presenter and campaigner George Clarke were among those presenting awards. 

They were joined by journalist and TV presenter Steph McGovern who spoke about her passion for vocational education and the BTEC Awards.

Spanning across 21 categories, the awards showcase the exceptional BTEC learners and teachers that have been nominated to win a gold, silver or bronze BTEC award. Accepted in more than 200 universities worldwide, BTEC is a highly regarded, career-focused qualification, studied in over 60 countries.

The Middle East winners are:

• BTEC Hospitality, Travel and Tourism Student of the Year Silver Winner — Finn Page, DESC, UAE

• BTEC Teacher of the Year (schools only) Bronze Winner — James McBlane, British School Al-Khubairat, UAE

• BTEC IT and Computing Student of the Year Bronze Winner — Sangeetha Philip, Cambridge International School, Dubai, UAE

• BTEC Business and Enterprise Student of the Year Bronze Winner — Delma Sharyl D’Silva, The Winchester School — Jebel Ali, Dubai, UAE

Cindy Rampersaud, senior vice president, BTEC and apprenticeships at Pearson Education, said: “This year I’ve been overwhelmed by the quality of BTEC Award nominations we received, and I am delighted to celebrate this year’s winners and the achievements of all learners who will be awarded a BTEC this year. 

Over the past few weeks and months, we’ve seen how the current pandemic has highlighted the critical role of key workers and individuals who are likely to have followed a vocational educational pathway such as BTEC.”

In the UAE, BTEC qualifications are available in sectors including applied science, art and design, business, childcare, construction, engineering, media, health and social care, hospitality, ICT, performing arts, public services, sport, travel and tourism.

Pearson has been delivering BTEC qualifications worldwide since 1984. A recent study revealed that 90 percent of BTEC students are employed full-time after graduating.

Globally, nearly 1 million students studied toward a BTEC in the past year, via 784 approved BTEC centers in 60 countries.

In response to new careers emerging within industries and ongoing change, Pearson is continually adapting and innovating its BTEC curriculum and learning to ensure it is relevant for young people and adults, supporting progression and career aspirations throughout lives.