As US and European banks drop out of commodity trading, Gulf state firms along with Russian and Chinese companies are filling the gap in an attempt to exert greater control over the pricing of the raw materials on which their economies so heavil
Standard Chartered expects to post a 30 per cent year-on-year growth in its commodity trading revenue in 2011 on strong demand from its clients in Asia, Africa and the Middle East, a senior company official said on Thursday.
The bank is al
ADS Securities, a new Abu Dhabi-based brokerage, is eyeing a share of the rapidly growing trade in commodities and foreign exchange by bridging the time gap between Asian and European markets, its top executive said.
The firm, backed by pr