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.
ADNOC to award AED200 billion in projects to advance growth strategy
ADNOC announced on Sunday plans to award contracts worth AED200 billion over the next three years, as part of efforts to expand production capacity and strengthen the UAE’s industrial base.
OPEC+ agrees third oil output quota hike since Hormuz closure
OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz.
Trump says he will raise tariff on autos from EU to 25%
US President Donald Trump said on Friday he would increase tariffs on cars and trucks from the European Union to 25 per cent next week, saying the bloc had not complied with its trade deal with Washington.
UAE–South Korea CEPA comes into force on May 1
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and South Korea will officially enter into force on May 1, 2026.
Meraas awards AED 2.4 billion in construction contracts for 'The Acres'
Meraas, a member of Dubai Holding Real Estate, has awarded AED 2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand.
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The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.
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Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
