DDE Reopens with Revamped Trading Floor

RAPAPORT... The Dubai Diamond Exchange (DDE) has recommenced business following a restructure of its trading floor to comply with health and safety guidelines.The bourse, located in the Dubai Multi Commodities Centre (DMCC), plans to resume all normal trading activities, including tenders, it said Monday. DDE has posted social-distancing signs, erected plastic shields between trading stations, and is requiring those on the trading floor to wear masks. It also plans to disinfect the area regularly."While we continue to navigate a global economic slowdown, we must also be prepared to bounce back," said DMCC CEO Ahmed Bin Sulayem. "With the gradual easing of restrictions and lockdowns, both locally and globally, business activity is resuming and we are seeing some positive signs of recovery."The DMCC has been closed since the end of March due to the coronavirus pandemic. At the time, it offered members a relief package amid the lockdown, including a two-month rent waiver for businesses located in the facility.Image: The redesigned trading floor with signs and plastic guards to prevent the spread of coronavirus. (DMCC)