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Dubai Diamond Exchange Appoints Isak Katali to the Board

Mar 18, 2014 9:57 AM   By Jeff Miller
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RAPAPORT... The Dubai Diamond Exchange (DDE) appointed Isak Katali, the Minister of Mines and Energy for Namibia, to its board of directors. In 2000, Katali was appointed as a non-voting member of Namibia's  National Assembly and was immediately appointed deputy minister of Lands, Resettlement and Rehabilitation. He also served as regional secretary of the Namibia National Teachers Union, as well as deputy national research coordinator for Southern Africa Consortium for Monitoring Educational Quality among other positions.

Katali said,  “On behalf of the Republic of Namibia, I feel privileged to be part of the success story of the DDE. The DDE is the first diamond exchange to formally recognize the importance of the African producers and I look forward to bringing a unique perspective in order to strengthen the global diamond trade.”

Peter Meeus, the chairman of the board of DDE, said, “A true, rounded understanding of the global diamond industry is essential to drive growth and achieve our goals. Through experienced leadership and advisors, we have solidified the Dubai Diamond Exchange’s truly global status in the diamond trade and look forward to more experts joining our team.”

Ahmed Bin Sulayem, the executive chairman of the Dubai Multi-Commodities Centre (DMCC), said,  "The Dubai Diamond Exchange is committed to enhancing Dubai's position as an attractive rough and polished diamond trading hub for all key global players. The Honorable Minister Katali’s years of experience and insight are a welcome addition to the exchange’s board.  As we increasingly look toward Africa, his presence will help us to solidify collaboration between producing countries and consuming countries in Asia, along the New Silk Route.”

Tags: board of directors, Dubai Diamond Exchange, Jeff Miller, katali
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