The Gulf Mercantile Exchange (GME) and the Shanghai Futures Exchange (SHFE) have signed a cooperation agreement to deepen economic relations between the Middle East and China's derivatives markets. The agreement includes joint product development, market research, and investor education efforts. GME aims to position the Gulf region as a global hub for commodities trading, while SHFE seeks to expand its international presence. The partnership comes after a successful year for GME, with a 12% increase in total trading volume in 2024. This partnership is expected to shape the future of commodity trading between the two regions.