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The settlement price for Micro GME Oman Crude Oil Futures contracts expiring in May 2025 is $63.26 USD, with the contract series code OMOIL N25 and contract ID OIL230525001. This information was issued on May 23, 2025, and is available on the Dubai Financial Market website. The document includes a disclaimer noting that the information is subject to change and emphasizes that it does not replace the official Dubai Financial Market Regulated Derivative Contract Trading Regulation.
The weekly summary for Dubai Financial Market (DFM) Regulated Short Sell Transactions from May 19 to May 23, 2025, reports that Parkin Company PJSC had a short sell trade volume of 6,000 and a trade value of AED 39,800. For more details on Regulated Short Selling, refer to the DFM Market Rules and related documents available on their website. The announcement and further information can also be accessed online. The document includes a disclaimer noting that the information is subject to change and DFM is not liable for any losses incurred from its use.
Globalpharma, a leading pharmaceutical manufacturer in the UAE, has signed four strategic Memorandums of Understanding (MoUs) during the Make it in the Emirates Forum 2025. These agreements aim to strengthen the UAE's position as a hub for pharmaceutical innovation and advanced healthcare manufacturing. The MoUs involve collaborations with PharmaPrimes Laboratories (Jordan), Nerhadou International (Egypt), Aora Health (Spain), and BioSyent Pharma Inc. (Canada), focusing on technology transfer, product licensing, supply, and local manufacturing. These partnerships align with the UAE's industrial strategy to boost domestic production, reduce import dependence, and enhance access to next-generation healthcare solutions. The agreements reflect the UAE's commitment to empowering local industry, accelerating innovation, and establishing the country as a global hub for high-quality healthcare solutions. Specific collaborations include PharmaPrimes Laboratories working on biosimilar drug capabilities in the UAE and Nerhadou International introducing a range of nutraceutical and OTC products tailored to regional health needs.
Dubai Taxi Company (DTC) has expanded its partnership with the global shared mobility platform Bolt by adding over 6,000 taxis, including specialized services such as People of Determination taxis and Ladies and Family taxis, to the Bolt platform in Dubai. This move aims to enhance smart transportation services and provide more convenient commuting options. Bolt is offering a 30% cashback on the first three rides booked through its app, with no surge pricing. The app features transparent pricing, accurate mapping, safety features, and a driver score system. This initiative aligns with DTC's growth ambitions and Dubai's government directive to increase e-booking for taxi services.