Gulf Mercantile Exchange (GME)

Gulf Mercantile Exchange (GME) is a leading energy and commodities exchange in the Middle East, headquartered in Dubai, United Arab Emirates. Regulated by the Dubai Financial Service Authority, it is the home of the largest physically delivered Crude Oil futures contract in the world. Previously known as Dubai Mercantile Exchange (DME), it rebranded to GME after an investment from the Saudi Tadawul Group in 2024, aiming to focus on creating cross asset Commodity markets for the Kingdom of Saudi Arabia and the rest of the GCC.

GME has secured significant investment from CME Group, with the flagship GME Oman Crude Oil Contract listed on CME Globex and cleared at CME Clearing House. The exchange, founded in 2006, was established to create futures pricing for Middle East National Oil Company with Oman and Dubai, utilizing the GME Oman daily marker price for all crude exports to Asia, along with Saudi Arabia, Kuwait, and Bahrain utilizing the prices as part of their export pricing methodology. Additionally, the Venture Round investment at 11 August 2008 attracted investments from Goldman Sachs, Concert Energy Partners, LLC, Vitol, Morgan Stanley, Shell Oil Company, and JP Morgan.