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 backs new global alliance for open and fair trade
The UAE has joined thirteen other countries in a joint declaration to establish an international alliance to promote open and fair trade.
Ben & Jerry's co-founder resigns after feud with Unilever over Gaza conflict
Ben & Jerry's co-founder Jerry Greenfield, whose name helped shape the popular ice cream brand, has quit the company, as its rift with parent Unilever deepened over its stance on the Gaza conflict.
UK and US agree $42 billion tech pact to mark Trump's visit
The United States and Britain have agreed on a technology pact to boost ties in AI, quantum computing and civil nuclear energy, with top US firms led by Microsoft pledging £31 billion ($42 billion) in UK investments.
New Emirates Crew Training Centre powers next-gen aviation growth
Emirates has opened a state-of-the-art flight crew training centre in Dubai, as part of the airline’s strategy to support its expanding fleet and prepare for the future of aviation.
Google pledges $6.8 billion in UK investment ahead of Trump's state visit
Google said on Tuesday it would make £5 billion ($6.80 billion) in new investments into Britain ahead of US President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
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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?
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