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Business & Investments

World Gold Council: Second quarter gold demand hits record highs, supporting rising prices

Second quarter gold demand hits record highs, supporting rising prices

The World Gold Council’s Q2 2024 Gold Demand Trends report reveals that total global gold demand increased 4% year-on-year to 1,258t, marking the strongest Q2 in our data series[1]. Total demand was supported by healthy over-the-counter (OTC[2]) transactions, up a notable 53% year-on-year at 329t. 

Increased OTC demand, continued buying from central banks, and a slowdown in ETF outflows drove record-high gold prices in Q2. The gold price averaged US$2,338/oz, 18% higher year-on-year, reaching a record of US$2,427/oz during the quarter.

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Shopping & Promotions

Win Weekly Cash Prizes this Dubai Summer Surprises at Town Centre Jumeirah!

Win Weekly Cash Prizes this Dubai Summer Surprises at Town Centre Jumeirah!

Town Centre Jumeirah is the ultimate destination for shoppers seeking a comprehensive shopping experience. With a wide range of stores and service outlets, it caters to all your daily lifestyle needs, making it the perfect spot to unwind and spend quality time with friends and loved ones.

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Education

Canadian University Dubai accredited by Institute of Chartered Accountants in England and Wales

ICAEW accreditation to boost students’ professional development and employability

July 30,2024 : Dubai, UAE: Canadian University Dubai has earned accreditation from the Institute of Chartered Accountants in England and Wales (ICAEW), enabling students to fast-track their professional qualifications and boost their long-term career prospects. Accreditation from this globally renowned and respected organization will also open doors to specialized training, networking, and graduate employment opportunities, for students aiming to pursue a career in the accounting and finance field.

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Business & Investments

CIPS Global State of Procurement and Supply 2024 Report: 

A Comprehensive Insight into the Future of Procurement

Sustainable procurement is a key focus, with 69% of organisations investing in sustainability measures and 77% possessing an ethical sourcing policy  

Dubai, UAE; July 29, 2024: The Chartered Institute of Procurement & Supply (CIPS) recently published the highly anticipated Global State of Procurement and Supply 2024 report, in partnership with GEP. The survey, which gathered insights from chief procurement officers (CPOs), procurement directors, and heads of procurement and supply across 122 organisations with a combined turnover of $73 billion, sheds light on the evolving landscape of the procurement and supply function.

Sam Achampong, Regional Managing Director, CIPS MENA.

The report highlights the increasing influence of the procurement and supply function within organisations. An impressive 68% of respondents noted that the influence of procurement and supply is on the rise. In over two-thirds of the surveyed organisations, procurement and supply manage or influence 60% of spend on direct goods. Despite small team sizes (51% of which have fewer than 20 members), CPOs are making significant impact and commonly report to CFOs.

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Business & Investments

Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility

Dubai’s Air Chateau Forms Strategic Partnership With CRISALION Mobility To Accelerate Electric Air Taxi Services In The UAE

  • Air Chateau pre-orders 10 Integrity eVTOL, bringing CRISALION’s pre-order book to 125 in less than a year
  • Strategic agreement expands CRISALION’s customer base into both private aviation and the United Arab Emirates.
  • Announced during both companies’ debuts at Farnborough Airshow, the partnership marks a strong starting point for possible future projects in Europe

25th July 2024 – CRISALION Mobility, a Europeanleader in the development of efficient, safe and sustainable electric mobility solutions, has today announced a partnership with Dubai-based private aviation operator Air Chateau, to support the development of electric air taxi services in the United Arab Emirates.

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