The Dubai Mercantile Exchange(DME),a commodities and hydrocarbons exchange controlled by a consortium composed of Oman Investment Fund(25%),Tatweer Dubai(25%),the New York Mercantile Exchange(Nymex-25%)and stock market operators(5%),has sold the remaining 20% of its capital to six strategic investors.The aim is to attract more liquidity into the market,according to the Chief Operating Officer of the DME,Mr.Thomas Leaver.The firms concerned are Morgan Stanley,Goldman Sachs,Concord Energy,Vital,Chicago-based Casa Energy Trading and a subsidiary of Royal Dutch Shell.The President of the DME,Mr.Ahmad Sharaf,did not give any details about the financial conditions of the operation.
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