Sales of gold, jewellery and diamonds in Dubai reached AED 274 billion last year.
That's an increase of three per cent compared to 2017, according to the Dubai Gold and Jewellery Group.
Meanwhile, a new report from Dubai's Department of Economic Development found that more than 4,000 companies now operate in the gold sector in the emirate.
Indians were the top nationality for investing in the sector, followed by citizens from Pakistan, the UK and Saudi Arabia.
Dubai announces 5% VAT on Salik, Parkin fees
Starting June 1, a 5 per cent Value Added Tax (VAT) will be applied to parking services provided by Parkin and toll tariff and activation fees under Salik.
Leaders in Abu Dhabi reflect on success of ADIA on its 50th anniversary
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has affirmed that 50 years of Abu Dhabi Investment Authority (ADIA) represents a strategic milestone in the emirate’s transformational economic journey.
Arabian Travel Market confirms revised September dates
Arabian Travel Market 2026 has been moved to September following consultations with exhibitors and the global travel industry stakeholders.
UK and GCC strike landmark trade deal
Britain said on Wednesday it had secured a trade deal with the Gulf Cooperation Council (GCC) worth $5 billion a year in the long run.
Sunny
High: 39°C | Low: 28°C
Sunny
High: 39°C | Low: 28°C
Sunny
High: 40°C | Low: 28°C
