A novel process for manufacturing dimethyl ether (DME) from CO-rich syngas in a single stage has been developed. This novel approach was based on the application of dual catalysis in the liquid phase process, in which two functionally different catalysts are slurried in the inert mineral oil. The experimental reaction rate studies for methanol and dimethyl ether synthesis were conducted in a three-phase, mechanically agitated slurry reactor. The effects of catalyst ratio, temperature, and pressure on the dual catalytic activity were studied. The experimental data bear additional significance because this is the first study of such kind to be conducted on the liquid phase methanol synthesis process.