The group’s asset base surpassed Dh900 billion
business4 days ago
Speaking at a gala dinner to mark the licensing of SPM operations in the UAE, Moaz Barakat, managing director, Middle East, Turkey and Pakistan, WGC, said that the positioning of Dubai as a City of Gold was primarily done to promote Dubai worldwide as an ideal destination when it comes to gold or gold jewellery.
It is probably the only country in the world known for its unique selling points in gold jewellery due to the wide range of gold jewellery designs and products, proper karatage, absence of tax and thus competitive pricing and active and vibrant trade, he said, adding that all these factors have contributed to positioning Dubai as the hub for both gold bullion and jewellery.
James Cross, chairman of SPM, said that anyone, who invested in gold last year did very well because the price went up by 16 per cent over the year. He said, however: "But the big question is what might we anticipate for 2004? I expect that four big issues will dominate the gold world in the coming 12 months. These topics are: what will happen to the US currency, the dollar; what will happen concerning the renewal of the European Gold Agreement; what will happen to the hedging operations of gold mining companies; and what will happen to physical demand in the Indian market."
The group’s asset base surpassed Dh900 billion
business4 days ago
Issuance is spread across three maturity periods — five, 10 and 30 years
business4 days ago
Nation has always enjoyed the advantages of geography and political stability
business4 days ago
Travel Tricks explores collaboration for MICE opportunities
business4 days ago
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
business5 days ago
Net profit (after tax) up 32% per cent y-o-y to Dh1.45 billion
business5 days ago
UAE business activity and business confidence remained strong
business5 days ago
Telco’s AGM to approve cash dividends of 40 fils per share for H2 of 2023
business6 days ago