The UAE, which accounts for more than 25 per cent of the global gold trade, is all set to become the most integrated global gold marketplace, according to ..
For over a century, traders have travelled to Dubai s Souks in search of spices, pearls and gold. With such a strong trade, Dubai became known as the City of Gold .
In the first nine months of 2020, gold trade in the country was valued at 41 billion euros, according to Dubai Customs. It is the city’s most lucrative export after oil. Dubai has capitalised on its geographical position by setting up gold vaults, jewellery-making facilities and refineries.
The entire gold chain
At Al Etihad Gold, they refine and convert gold into investment-grade bars. They supply bullion banks and traders, but also jewellery wholesalers. The whole process is carried out on the premises. Al Etihad also holds the Dubai Good Delivery accreditation which is an international benchmark for quality and technical specifications.