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Dubai, Angola to Promote Diamond Trade

DUBAI - Dubai Multi Commodities Centre, or DMCC has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade. Dubai’s delegation comprising Ahmed bin Sulayem, Executive Chairman of DMCC, Peter Meeus, Chairman of Dubai Diamond Exchange and Paul Motmans, an expert on the Angolan economy, met with senior government officials of Angola at a high-profile dinner meeting in Luanda, Angola, earlier this month.

During the Dubai delegation’s visit to Angola, the executives also held meetings with the Ministry of Mines, and Endiama, the Angolan Mining and Trading Authority. “In this era of globalisation, the increasing economic integration between the Middle East and Africa is important for our shared growth,” said Ahmed Bin Sulayem.

“The diamond trade between both regions, in particular, represents our complementary strengths. We hope to cooperate more closely to promote growth and transparency of the diamond trade and to create long-term sustainable benefits for both Angola and Dubai.”

· —business@khaleejtimes.com