Richcomm Global To Host Second Global Commodity Outlook Conference

Event organised in association with DMCC (Dubai Multi Commodities Centre), DGCX and Thomson Reuters will be held in Dubai February 8, 2015 Richcomm Global Services (DMCC) announced that it will be hosting the second edition of the Global Commodity Outlook Conference (GCOC) on February 8, 2015. The annual conference will provide an overview of commodities and the macro-economy and the projections for the year ahead. The GCOC is the first and the only inter-active business seminar dedicated to the commodities sector in the Middle East. The conference is held in association with the DMCC (Dubai Multi Commodities Centre), Dubai Gold and Commodities Exchange (DGCX) and Thomson Reuters, with the support of Dubai Gold and Jewellery Group (DGJG). Paresh Kotecha Chairman & MD of Richcomm, said: "Following the success of last year's forum and the positive feedback from the marketplace and industry players, we are confident that the second edition of the conference will encourage rich dialogue and debate on the commodities market. This year, we have an impressive line-up of expert speakers and we are expecting senior attendance from across the region and from key global markets."   Global analysts predict 2015 to be a challenging year for the commodity market. Geopolitical conflicts such as the Ukraine standoff, instability across Iraq, Syrian and North Africa weigh heavily on the commodity sector. From an economic view point, China's slowdown, Europe's potential deflation, the risk of Greece's exit, and Britain's EU referendum haunt the markets. Analysts are also divided on the question of India's sustained growth and gold's re-emergence as the ultimate store of wealth in an environment of monetary printing. "We are expecting a challenging year for the commodities market especially with oil prices being at an all-time low. In addition, the over-supply of some agriculture commodities and issues related to food security are also some of key challenges foreseen this year. For the Middle East in particular, food security is a key theme in the current scenario. The conference will address some of these issues," added Kotecha. The GCOC brings together professionals from different commodity sectors, ranging from agriculture to base and precious metals, as well as senior economists to discuss the global market. Key subjects that impact the global commodity trade such as U.S. and EU monetary policies, market movers such as energy, equities, property prices, interest rates and global weather, will be covered at the one-day conference, along with global production and price outlook. The conference will also discuss the impact of oil prices on both commodities and in major economies. The event is aimed at professionals in the commodity business, as well as investors, and will be beneficial for business planning in 2015. An emphasis will be placed on networking, as it is important for the stakeholders to have a constant professional dialogue with each other to develop and drive the industry forward. Some key industry figures confirmed to speak at the conference include: John R Talbott, Associate Prof. of Finance S P Jain School of Global Management; Simarjeet Baweja, Head of Academy and Currency Products, DGCX; Francesca Taylor, Author of 'Mastering Commodities'; Gary R King, Managing Partner of The Matrix Partnership; Francis Mathew, Editor at Large, Gulf News; Sudhaker Tomar, Managing Director of Hakan Agro DMCC; James Wild, CEO of the Africa and Middle East Region branch of Louis Dreyfus Commodities; Jonathon Grange, Manager - Oilseeds, Vegoils, Feedstuffs at Vicorus, SA; Gurpreet Dhaliwal, VP of Grains Division Olam Middle East LLC; Arif Choksy, CFO at Dubai Cables; Ashwani Sharma, Managing Director of Mecontech FZE; Raj Navsari, CFO, Metals Industries LLC, Al Ghurair Group; John A Short, CEO of UD Industrial; Mohamed Albazaz, Director, Swiss Gold DMCC; Rolf Scheenbeli, CEO for Gold Services AG, Switzerland; Junaid Anwar Khan, Head of Trading for the National Bank of Fujairah; Frederic Panizzuti, CEO at MKS Precious Metals DMCC; Gerhard Schubert, Head of Commodities at the ABC Bank, Bahrain; Ian Wright, Chief Business Officer, DGCX; Tawhid Abdullah, Chairman for Dubai Gold and Jewellery Group and Cameron Alexander, Precious Metals Demand, Asia, GFMS, Thomson Reuters. Inauguration and the keynote speech will be given by Ahmed Bin Sulayem, Executive Chairman, DMCC. The Global Commodity Outlook Conference 2015 will take place at the Almas Towers in Jumeirah Lake Towers (JLT), Dubai. Registration is mandatory prior to the event.   To register for the event or for further information, please visit: www.richcommdmcc.com or contact: +971 4 432 7820 or +971 50 45 89 574 email: info@richcommglobal.com