UAE suspends Emirates Gold refinery from its ‘good delivery list’ – The National
- Date: 15-Jul-2023
- Source: The National
- Sector:Financial Markets
- Country:UAE
UAE suspends Emirates Gold refinery from its ‘good delivery list’ – The National
The UAE has suspended one of its biggest gold refineries, Emirates Gold DMCC, from its approved “good delivery list”, a certification scheme that sets responsible sourcing rules.
The suspension of Dubai-based Emirates Gold, which has been operating for 30 years, is temporary and was effective from July 7, the government website showed on Friday.
The country unveiled the UAE Good Delivery Standard for gold in November 2021, a voluntary national standard for the sector to establish a framework that favours ideal specifications.
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