Sales of gold, jewellery and diamonds in Dubai reached AED 274 billion last year.
That's an increase of three per cent compared to 2017, according to the Dubai Gold and Jewellery Group.
Meanwhile, a new report from Dubai's Department of Economic Development found that more than 4,000 companies now operate in the gold sector in the emirate.
Indians were the top nationality for investing in the sector, followed by citizens from Pakistan, the UK and Saudi Arabia.
Salik reports AED 2.3 bln of revenue in 2024
Salik Company, Dubai's exclusive toll gate operator, has announced its financial results for year-ended December 31, 2024, with total revenue for the full year growing by 8.7 per cent year-on-year (YoY) to reach AED 2.3 billion.
Trump hits Canada, Mexico, China with steep trade tariffs
US President Donald Trump's new 25 per cent tariffs on imports from Mexico and Canada took effect on Tuesday, along with a doubling of duties on Chinese goods to 20 per cent, launching new trade conflicts with the top three US trading partners.
Canada's retaliatory tariffs on US goods to start Tuesday
Canada will impose 25 per cent tariffs on C$155 billion (AED 392 billion) worth of US goods from Tuesday if US President Donald Trump's administration follows through with its proposed tariffs on Canadian goods, Prime Minister Justin Trudeau said on Monday.
ADNOC, Austria’s OMV to create $60 bln joint venture
ADNOC and Austria’s OMV will merge their shareholdings in Borouge plc and Borealis AG to create Borouge Group International, creating a $60 billion (AED 220 billion) chemicals joint venture.
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