Daily Archives: September 5, 2023

Business & Investments

The UAE’s Gold Sector is Elevating to New Heights

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The UAE’s Gold Sector is Elevating to New Heights

  • Gold prices rose 5.4% in H1 2023 and are expected to rise by over 10% through 2023
  • Gold reserves for the Central Bank of the UAE (CBUAE) grew 9% (AED 1.46 billion) through the first four months of 2023 and 41% YoY (AED 64.2 billion) from April 2022 to April 2023
  • UAE shoppers purchased 9.7 tonnes of gold in Q1 of 2023

Dubai, UAE – 05 September 2023: Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., cites that the price of gold rose 5.4% in the first half of 2023[1] and it could rise above 10-15% through the rest of the year; if this projection is realized, gold prices would rise by nearly AED 734 per ounce or approximately AED 50 per gram[2]. Kooijman shares insights on the market’s upward trajectory and why UAE residents can invest with confidence.

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Business & Investments

GCC IS SET FOR NEXT PHASE OF ICV

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GCC IS SET FOR NEXT PHASE OF ICV

Efficio says countries in the Gulf region will need to look to ICV programmes to maximise economic and human capital development in a post-oil future

Dubai, United Arab Emirates. 5 September 2023: GCC countries are set for a crucial 12 months in progressing their In-Country Value (ICV) programmes as the public and private sectors join together in increasing diversification away from oil and gas.

In-Country Value (ICV) programmes were initially created to increase workplace nationalisation – ensuring that investment was channelled into the development of a country’s own talent pool and resources.

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Sports & Recreations

Dubai Sports World: More Than Just Sport – A Hub of Fitness, Bonding, and Fun

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Dubai Sports World: More Than Just Sport – A Hub of Fitness, Bonding, and Fun

Dubai, United Arab Emirates, 5 September 2023: When you think of Dubai Sports World, don’t just envision a place for sports; think of it as an arena where team bonding, friendship building, health, and family fun all come together under one very large roof.

As the UAE’s premier indoor sporting venue, Dubai Sports World is all set to wrap up its 13th three-month-long edition, and it’s evident that this exhilarating destination is about much more than just sports. From trying new sports for the first time, to experimenting with the latest fitness craze or alternative way of staying in shape, Dubai Sports World has a huge range of activities to try.

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Business & Investments

HE Dr Thani Al Zeyoudi leads UAE delegation to Jakarta to deepen ties with ASEAN region

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HE Dr Thani Al Zeyoudi leads UAE delegation to Jakarta to deepen ties with ASEAN region

  • UAE Minister of State for Foreign Trade meets government officials from Indonesia, Cambodia, Malaysia, Timor-Leste and the Philippines
  • Non-oil trade between UAE and ASEAN reached US$15.3 billion in H1 2023
  • HE Al Zeyoudi: “As the economic center of gravity continues to shift eastwards, the UAE and ASEAN can form a powerful new corridor of opportunity”
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Travel & Tourism

Wego and VisitBritain announce boost in bookings to Britain

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Wego and VisitBritain announce boost in bookings to Britain through its ‘Spilling the tea on GREAT Britain’ partnership campaign

Partnership sees 25% increase in bookings to Great Britain

Dubai, 5 September 2023: A partnership between Wego, the largest online travel marketplace in the Middle East and North Africa (MENA), and VisitBritain, Britain’s national tourism agency, has seen a 25% boost in bookings to Great Britain.

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