The Dubai Gold and Commodities Exchange is entering as a global player in precious metals with its Shanghai Gold Futures contract (DSGC).
Dubai Mining News
First Arab country to hold this position.
The figure represents almost 40% of the world's physical gold trade last year.
Dubai-based Kaloti Jewellery Int'l, one of the world's largest gold refiners, denies it paid out over $5 billion in cash for gold from African war zones.
Human rights group says one of world's largest refiners Kaloti Jewellery Int'l failed to report $5 billion in potentially suspicious transactions.
City paid winners a total of 16.8kg in gold on Thursday.
Dubai Diamond Conference Day Two addresses need for sustainable development of diamond producing nations
The second day of the Dubai Diamond Conference 2013 (‘DDC 2013’), hosted by the Dubai Multi Commodities Centre and Dubai Diamond Exchange, began with highlighting the need for sustainable financing programmes to stimulate growth and development for the African diamond producing nations.
Diamond financing will take centre stage at the Dubai Diamond Conference 2013 (DDC 2013), the Dubai Multi Commodities Centre (DMCC) confirmed today.
Group aims to to establish Dubai as the global gateway for commodity trade.
The conference will be held at the Almas Tower, home to over 1,000 diamond, precious metals, precious stones and jewellery companies.
The United Arab Emirates (UAE) city of Dubai, through its Gold and Jewellery association, has launched a gold promotion program that offer jewellery shoppers the chance to win 15kg of gold and cash prizes totalling $545,000 (2 million Dirham).
The volume of diamonds traded in Dubai rose by more than half in the first six months of the year. A total of 206.1 million carats were traded, 57 per cent more than the 131m carats traded in the same period last year, according to figures from Dubai Diamond Exchange. Values increased to US$25.3 billion (Dh92.9bn) from $16.3bn.
Trading of Dubai Gold Securities (DGS) on NASDAQ Dubai reached 8,761 securities in the third quarter of 2011, an increase of 1,280% from the first two quarters of the year combined. DGS closely track the […]
Climbing gold prices have lead to more than a 50 per cent boost in gold bullion sales. Gold retailers are reporting a steady increase in sales of gold bullion as investors look to take advantage of the climbing gold prices.
Gold prices have hit fresh record highs this week. Tamara Abdul Hadi / Reuters Soaring gold prices have helped Dubai record a substantial increase in international trade. The value of exports and re-exports handled by the Dubai Chamber of Commerce and
DUBAI - A recent study Dubai Chamber of Commerce and Industry (DCCI) based on the Dubai Multi-Commodities Centre (DMCC) report indicates that the yellow metal traded through the Emirate valued US$ 41.3 billion in 2010, showing an increase of about 18%