Gulf Energy, a Bahrain-based global consortium of energy consultants, researchers and academics, has announced plans to launch a dedicated energy derivatives exchange. The exchange, to be known as International Mercantile Exchange (IMEX), was to be based in Qatar.
The consortium has signed an MOU with Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) undertaking to work together towards the creation of the exchange.
A spokesperson for QFCRA told FO Week that IMEX was in the earliest stages of development and more specific details - including a likely or targeted launch date - were yet to be decided.
The new exchange was expected to be located in...