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.
UAE maintains strong credit rating with stable outlook after Moody’s review
The UAE Ministry of Finance has said the country's maintained its Aa2 credit rating with a stable outlook, following a periodic review of the country’s financial position by the credit ratings agency Moody’s Ratings.
Abu Dhabi to host Global Entrepreneurship Festival 2026
Under the patronage of His Highness Sheikh Zayed bin Nahyan bin Zayed Al Nahyan, the Abu Dhabi Global Entrepreneurship Festival 2026 will be held from April 20-22 at the Abu Dhabi Energy Centre, bringing together entrepreneurs, investors, experts, decision-makers and businesswomen.
Dubai’s new business support measures set to boost resilience, growth
Officials overseeing Dubai’s tourism and key economic sectors have said that the business support measures announced earlier this week will bolster resilience, help companies navigate short-term challenges and support sustained growth.
Drugmakers face 100% tariff unless they cut prices or produce drugs in US
President Donald Trump signed an executive order on Thursday imposing 100 per cent tariffs on branded pharmaceuticals imported into the US unless manufacturers agree to government drug pricing deals or commit to making their products domestically.
Wall Street soars as traders bet on potential war off-ramp
Wall Street ended sharply higher on Tuesday, lifted by speculation about a potential de-escalation in the Middle East conflict that has sent oil prices soaring and fuelled fears of global inflation in recent weeks.
Pinoy Expat Corner
What inspired the establishment of the Filipino senior citizens group here in the UAE?
Pinoy Expat Corner
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Pinoy Expat Corner
What does someone working on a yacht usually do? Are they often out at sea, and how long do they usually stay there?
