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On the reopening day, visitors will have the chance to participate in a naming event for the park’s new moon bears and the white rhino calf
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Dubai to Host IPTIC Global Headquarters
DUBAI - Dubai Multi Commodities Centre, or DMCC, announced that the International Pulses Trade and Industry Confederation, or IPTIC, also known as the Confédération Internationale du Commerce et des Industries des Légumes Secs, or CICILS, has relocated its global headquarters from Europe to Dubai, and will operate as a registered entity within the DMCC Free Zone.
This strategic move by IPTIC, which represents more than 500 trading companies from 32 countries and 12 national trade associations, further reinforces the emirate’s growing importance as a hub for international pulses trading and its global value as a base for agricultural commodity trading groups, a Press statement said.
Established in 1963, IPTIC is a non-profit confederation of national trade associations, governmental bodies and more than 500 commodities traders. It enjoys observer status with United Nations, Food and Agricultural Organisation, World Heath Organisation, Codex Alimentarius Commission and the European Union.
Currently, the Middle East, North Africa and the South Asia, or MENASA, region is the largest consumer, importers and producers of pulses worldwide, importing almost 4 million tonnes or 60 per cent of global trade in the pulses. The global production of pulses is about 60 million tonnes per annum of which only 6 million tonnes are available for international trade.
“Representing a $100 billion industry, CICILS/IPTIC plays a significant role in facilitating and promoting international trade and consumption of pulses. DMCC has already ventured into agro-commodities such as tea, cotton and rice. Given the growing importance of pulses in food and protein security, CICILS/IPTIC’s decision to move its global headquarters to Dubai will help us add greater value to our growing network of members across the agricultural commodities sector,” Dr David Rutledge, chief executive officer of DMCC, said.
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