UAE sold the most gold in Middle East in 2022
- Date: 01-Feb-2023
- Source: Zawya
- Sector:Financial Markets
- Who else needs to know?
UAE sold the most gold in Middle East in 2022
The UAE is leading the Middle East region in gold sales, with demand for yellow jewellery in Dubai and the rest of the emirates surging in double digits to reach nearly 50 tonnes last year.
From January to December 2022, consumers snapped up a total of 46.9 tonnes of gold jewellery in the UAE, up by 38% compared to the same period in 2021, according to the latest data released by the World Gold Council (WGC).
The UAE’s gold consumption in 2022 was the highest in the Middle East region, outpacing the demand in Saudi Arabia, which logged 37.9 tonnes, Egypt (33.6 tonnes) and Kuwait (14.7 tonnes).
Jewellery demand in the UAE also outstripped those in other Middle East countries, where total demand reached 27.5 tonnes.
Across the Middle East, gold demand went up by 15% year-on-year to 190.4 tonnes, higher than in the Americas (187.8 tonnes), Europe (70.6 tonnes) and other Asian countries, except major markets like Greater China, which recorded 598.3 tonnes and India (600.4 tonnes).
“Sizable gains in the UAE and Saudi Arabia were key contributors to the regional performance. But momentum slowed in the fourth quarter, largely in response to the high and rising gold price,” the World Gold Council
UAE, Qatar lead Middle East in 2023 global foreign investment ranking https://www.al-monitor.com/originals/2023/03/uae-qatar-lead-middle-east-2023-global-foreign-investment-ranking via @AlMonitor
Israel’s security ties with #Bahrain & #UAE thru the 2020 US-brokered #AbrahamAccords, & ambiguities as to whether #SaudiArabia might join the accords, are key reasons why Tehran pushed for a deal with Riyadh, I mention in my piece here for @IcdiDialogue
FRM MENTEE:$2+$10 Mill,healthcare,range 3-5 EBITDA,30% Net Profit Margins,structuring 60/40 dynamic with roll over at exit-2 bank term sheets(DSP:IN UAE WHERE ITS NOT SUPPOSED 2 B DUN-KIDS LIKE THIS MAKE ME PROUD-ANYPLACE IN MIDDLE EAST ITS TUFFER,BUT CERTAINLY POSSIBLE-WOW!)
💥🇦🇪 Emiratos Árabes Unidos cancela la licencia del banco MTS sancionado por Rusia | Reuters
Four-year-old from UAE publishes book, sets Guinness record #Guinnessrecord #youngestpersontowriteabook https://english.madhyamam.com/middle-east/uae/four-year-old-from-uae-publishes-book-sets-guinness-record-1145541?utm_campaign=pubshare&utm_source=Twitter&utm_medium=1291365724372340737&utm_content=auto-link&utm_id=89
إلغاء ترخيص فرع بنك "أم تي أس" الروسي في أبوظبي
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Who's responsible for the bloodshed in the Middle East?
Dr. Waseem Yousef, one of the most prominent intellectuals in the #UAE, tells his Muslim brethren who is truly responsible for all the bloodshed in the Middle East.
Hint: #Israel? Nope!
AD Ports Group is a vertically integrated trade enabler, providing strategic access to the UAE, one of the Middle East’s fastest-growing economies, and turning Abu Dhabi into a trade hub to serve the world. Discover our key milestones achieved in March.
🎉🇦🇪 The UAE ranks first in the Middle East and North Africa region and third in the world as the owners of reliable emerging markets by 2023, according to the "Kearney" report for foreign investors. 📈
🎉🇦🇪 The UAE ranks first in the Middle East and North Africa region and third in the world as the owners of reliable emerging markets by 2023, according to the "Kearney" report for foreign investors.
UAE cancels license for Russia’s sanctioned MTS bank branch https://www.i24news.tv/en/news/middle-east/the-gulf/1680334176-uae-cancels-license-for-russia-s-sanctioned-mts-bank-branch?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1680341044
Lanat on Those who Spread lies and sensations,Our products land at Middle East,And from there ,they are further Exported to new destination on which Pak is not the part Rather it is UAE versus Purchasers, Secondly Government of Pak maintains Previous official stance on Israel
پاکستان کا پہلا تجارتی جہاز اسرائیل کی بندر گاہ اتر گیا۔ پی ڈی ایم کے سربراہ مولانا فضل الرحمان کو مبارک ۔ خبر بھی وائس آف امریکہ نے دی ہے https://www.voanews.com/a/rare-trade-occurs-between-pakistan-israel-/7029355.html
The UAE is expected to witness the fastest growth in the Middle East with its medical travel industry expected to reach US$53.5 billion by 2028, led by Dubai.
Here's why: http://ow.ly/ZVPU50NwNbW
#OmniaHealth #MedicalTravel #UAE
UAE, Qatar lead Middle East in 2023 global foreign investment ranking https://www.al-monitor.com/originals/2023/03/uae-qatar-lead-middle-east-2023-global-foreign-investment-ranking @AlMonitor by @salim_a_essaid
The Central Bank of The UAE @centralbankuae has cancelled the Abu Dhabi license of #Russia MTS Bank
Recognition for our work is always a gratifying experience! We are pleased to announce that Emirates NBD Private Banking has been awarded Best Domestic Bank in the UAE and Middle East's Best for Digital. We thank our clients and dedicated teams for their continued support.
FRM MENTEE: $2+$10 Mill, healthcare, range 3-5 EBITDA, 30% Net Profit Margins, structuring 60/40 dynamic w/ rollover at exit-2 bank term sheets (DSP: IN UAE WHERE ITS NOT SUPPOSED 2 B DUN-KIDS LIKE THIS MAKE ME PROUD-ANYPLACE IN MIDDLE EAST ITS TUFFER,BUT CERTAINLY POSSIBLE-WOW!)
Where are the TAXES Kushner MUST PAY? IRS WHERE ARE YOU? Jared Kushner's firm received hundreds of millions from UAE, Qatar, says report | Middle East Eye @HouseDemocrats @dscc @HouseJudiciary @NYtimes @Newsweek @Axios @NPR https://www.middleeasteye.net/news/jared-kushners-firm-received-hundreds-millions-uae-qatar-says-report
WHErE’s The INVESTIGATIoN? 💰Billions from Saudis & MID EAST? Where’s the Money? WHILE In OFFCE Wheeling & Dealing! 💰💰Jared Kushner's firm received hundreds of millions from UAE, Qatar, says report | Middle East Eye @ABC #CBS#NBC #CNN #MSNBC @Politico https://www.middleeasteye.net/news/jared-kushners-firm-received-hundreds-millions-uae-qatar-says-report
Attention to our friends in the Middle East and North Africa, don't miss this giveaway @MadCatzMENA💪
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"Jared Kushner’s private equity fund has received hundreds of millions of dollars in investments from the UAE and Qatar, according to a report. Kushner, son-in-law to former President Trump, was the administration’s adviser tasked with policy in the Middle East, including..."
中国はUAEの最大の貿易相手国であり、両国間の石油以外の域内貿易は2022年に2642億 AED (720億ドル) を超え、2021年の2238億 AEDと比較して18%の成長を達成しました
UAE, Qatar lead Middle East in 2023 global foreign investment ranking https://www.al-monitor.com/originals/2023/03/uae-qatar-lead-middle-east-2023-global-foreign-investment-ranking by @salim_a_essaid
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