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DUBAI, April 7: The Dubai Multi Commodities Centre (DMCC) said on Saturday it would introduce a trading platform for pearls, which once dominated the Gulf's economy before oil exports.
The government-owned exchange would take advantage of Dubai's location, its existing pearl trading infrastructure, and rising pearl prices, the exchange said in a statement.
Pearl prices have recovered since 2005 and the pearl trading industry was on an upward trend, Ahmed bin Sulayem, the exchange's chief operating officer, said in the statement.—Reuters
