Ahmad Sharaf is an oil man. A petroleum engineer, the chairman of the Dubai Mercantile Exchange (DME) began his career in Texas before moving back to the UAE with the now de-merged ConocoPhilips a decade ago.
He has been at the helm of the DME since its launch in 2007 and, from its outset, the exchange has focused on the commodity he knows best: crude oil.
The DME is seeking to establish its futures contract as the benchmark for crude sold out of the Arabian Gulf to markets east of the Suez Canal.
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