UAE Business: DPMC highlights importance of global sourcing integrity – Gulf Digital News

UAE Business: DPMC highlights importance of global sourcing integrity – Gulf Digital News

The UAE has become a thriving hub for the precious metals trade and through the Ministry of Economy and its UAE Gold Bullion Committee, the country is further positioning itself at the heart of the global gold trade.

“The UAE is upholding the highest international standards in key areas such as financing and the responsible resourcing of gold. I would like to thank Dubai Multi Commodities Centre (DMCC) for the significant role that they have played in building the UAE’s gold industry,” said Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, at the tenth edition of the Dubai Precious Metals Conference (DPMC).

This year’s DPMC focused on four key themes – the future of precious metals trade, stepping up sourcing integrity, financing of the precious metals trade and resetting global price benchmarks.

Sourcing integrity

Hundreds of traders, regulators, industry bodies and exchanges gathered to discuss these themes, with a particular emphasis on the need to continuously enhance sourcing integrity in the precious metals industry.

The Ministry of Economy’s UAE Good Delivery Standard and recently updated Due Diligence Regulations for Responsible Sourcing of Gold are critical to the future of gold trading in the UAE and the industry as a whole,