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Dubai Oil Exchange Suspends Lehman Membership - ASHARQ AL-AWSAT English Archive
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DUBAI, (Reuters) – The Dubai Mercantile Exchange on Tuesday said it had suspended the membership of Lehman Brothers’ Dubai unit.

“The Dubai Mercantile Exchange Limited (DME) hereby notifies DME Members of the Suspension of Membership privileges of a DME Floor Member Lehman Brothers International (Europe) DIFC Branch,” the DME said in a statement.

Lehman Brothers was suspended from trading on the Intercontinental Exchange, Liffe NYSE Euronext and London Metals Exchange Select electronic platform on Monday after the bank sought bankruptcy protection.

Lehman Brothers International (Europe) was a floor member of the Dubai Mercantile Exchange.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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