SHARJAH, UAE - The fourth edition of the Jewels of Emirates Show, the first Emirati exhibition dedicated to diamond jewelry, gold, silver, pearls, luxury watches, and perfumes commenced here on Thursday. The Expo Center Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI) is hosting the...

Sharjah, UAE - The upcoming fourth edition of the Jewels of Emirates Show, the UAE’s first of its kind showcasing diamond jewelry, gold, silver, and luxury watches, is set to become the largest in the event's history. Sharjah Expo Centre has organized the event scheduled to run from June 1-4,...

Kuwait: Tanishq from the House of Tata is showcasing its range of gold and diamond jewellery at the Gold and Jewellery in Kuwait City taking place from 24-29 May at Kuwait International Fairs Ground. An important platform for designers, global jewellery retailers, wholesalers, and suppliers, the highly regarded annual event...

By swallowing up Newcrest, the US mining giant will cement its position as the world's biggest gold producer, with operations extending across North and South America, Africa, Australia and Papua New Guinea. The takeover, expected to be completed by the end of 2023, has an implied value of Aus$28.8 billion,...

Rallying of gold prices and growing concern about a potential global banking crisis are seen as key reasons for the increased allocations, says a latest global report.

"As the gold correction unfolded last week, platinum remained supported due to supply concerns from South Africa facing frequent power disruptions and Russia. Additionally, the World Platinum Investment Council has highlighted that the white metal is under-owned by investors and speculators," he adds.

Jordan's foreign ministry said that Israel has arrested Imad Adwan, a member of parliament, suspected of smuggling weapons and gold into the occupied West Bank. The ministry said that Amman is following the case and that he has been arrested "for interrogation in a case concerning alleged smuggling of quantities...

Asian indices drifted after losses on Wall Street, as data showing a softening in the US jobs market pointed to a slowdown in the world's biggest economy. Oil dipped, having spiked earlier this week following shock output cuts from OPEC+ crude producers.

Grains sector was on track for its first monthly gain this year, bolstered by a resurgence in corn prices due to increased export demand and forced short covering following a four-week period of record selling activity. Technical and fundamental outlook improvements signaled the shift, he adds.

Doha, Qatar -- Qatar Chamber has established a committee for gold and jewelry to address issues facing this sector and work to develop it within the next five years as one of the country's important sector. QC board member and Chairman of the Committee Naser bin Suleiman Al Haider, who...

The Chinese government’s desire to avoid making the same mistakes other governments and central banks have made has driven inflation to a four-decade high. Development consumers are now suffering the consequences as central banks increasingly apply their interest rate weapon to bring inflation under control, he adds.

Inflationary pressures, meanwhile, have eased by less than expected. Continued strength in the numbers has forced the Fed to turn up the hawkish rhetoric, and the market has responded by raising the expected terminal Fed funds rate while at the same time sending bond yields and the dollar higher, he...

If the deal is sealed, it would be gold sector's largest acquisition.

Riyadh, Saudi Arabia---Saudi Arabia's Ministry of Industry and Mineral Resources said Sunday that the number of mining complexes in the kingdom at the end of 2022 reached a total of 377 complexes, covering a total area of 44,365 square kilometers. The complexes were distributed over 13 regions, topped by the...

Supply of diesel to Europe from the US and the emerging refinery hub in the Middle East may make up some of the missing barrels from Russia, but a shortfall seems likely, not least considering the prospect for a strong recovery in China leading to lower export quotas, he adds.

DUBAI, UAE - Dubai Gold and Commodities Exchange (DGCX) Thursday announced its full-year market statistics for 2022, reporting 8.239 million contracts with a  value of US$162.01 billion during the year, representing growth of 16 percent and 8.24 percent from 2021, respectively. The DGCX is the largest and most diversified derivatives...

With activity in China unlikely to pick up in earnest until after the Lunar New Year holiday, the prospect of a lull in activity could be the trigger for a pause in the current rally – especially across industrial metals where copper has started the year with an 11% gain,...

Iran's economy has been subject to increasing pressure with fresh sanctions imposed by Western countries over the authorities response to protests sparked by the death of Mahsa Amini.

Goldman Sachs has recently projected that the supply of Lithium will begin to outpace demand from 2023 onward.

We have strong doubts about the recession risk to the US economy and see demand from some of the world’s largest consumer underpin the price during a year where supply will continue to be managed by OPEC+ and US producers inability or unwillingness to ramp up production, he adds.

Traders' conviction at the beginning of a new trading year always tends to be low for fear of catching the wrong move. At the same time, however, the fear of missing out (FOMA) can also drive a rapid buildup in positioning which subsequently can be left exposed should a change...

Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020.

The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices.

DMCC Tradeflow is an online platform for registering the ownership of commodities stored in UAE facilities.

Commodities, meanwhile, trade mostly higher as the market's focus remain altered between optimism over China reopening after exiting its strict Covid-zero policies as well as raised worries about tightening supply driven by increased activity from Chinese buyers. and an extended rate hike cycle in the US, he adds.

While some expect cryptocurrencies to fall even deeper before staging a sustainable recovery, others hope that the market will get healthy in the last quarter of 2022.

The tomb of Tutankhamun, who died aged 19 around 1324 BC after nine years on the throne, was discovered by British archaeologist Howard Carter and his Egyptian digging team in the Valley of the Kings near Luxor in November 1922.

Strength this week has been driven by a continued developing tightness in the fuel product market, US exports of crude and fuels setting a weekly record, the weaker dollar as well as strong buying from China as refineries there plan to boost fuel exports through the end of the year,...

The fear of the global organizations such as International Energy Agency that the OPEC+ decision would increase energy security risks worldwide, leading to higher prices and volatility, and potentially ending up being the tipping point for a global economy was proved wrong, he adds.

Adding to this, the market had witnessed September as a month of turmoil across financial markets driven by a surging dollar and traders sending bond yields sharply higher in anticipation of further rate hikes from central banks, led by the US Federal Reserve, adds Hansen while reviewing the global scenario.

The volume of trade exchange between the two countries during the first half of this year amounted to AED24.2 billion.

The value of non-oil exports from the UAE to Saudi Arabia over the past ten years was around AED205.5 billion, while re-exports were valued at AED471.7 billion, and imports at AED227 billion.

Inflation-fighting measures, such as hiking rates and removing stimulus, was the main driver behind the recent correction in commodities that are likely to weather headwinds from an economic slowdown with supply of key commodities being equally challenged, he adds.

If the apex banks focus too much on core inflation, it will be a big mistake. Food and energy will be at the center of the crisis years with climate change and green transformation being inflationary in the years to come. Investors should increasingly invest in the tangible world to...

The gold and jewelry sector in Saudi Arabia has recorded a 36 percent growth in sales as the economy shows signs of recovery

Central Bank of Iraq announced that foreign exchange reserves rose to US$82 billion, while gold reserves exceeded 130 tons.

H1 2022 net profit increased by 232 percent

Qatar Central Bank’s (QCB) foreign currency reserves and liquidity increased 2.79 percent to reach QR 211.32 billion ($58bn) in July 2022. The same figures were recorded at QR 205.57 billion ($56.5bn) in July 2021. QCB on Sunday showed its official reserves, comparatively last year, increased QR 4.78 billion till July...

Most luxurious vacations are purchased through crypto, same goes for luxury real estate and many more retail services, says Atul Hegde, NFT & digital marketing expert.

Sharjah Economic Development Department (SEDD) said it is ready for Eid al-Adha to ensure the safety of markets through the intensified campaigns. This falls within SEDD’s concerns to protect consumers and ensure the safety of markets. SEDD explained that joint inspection campaigns are organized with Sharjah City Municipality and Sharjah...

United States is seeking to crack down on Russians seeking to skirt existing sanctions by "covertly" acquiring US, Japanese and European defence components.

Jordan's Ministry of Energy signed an MoU with a local company to explore for copper and it also signed another MoU with a Turkish company to explore for gold

The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper in the Dana region of Jordan's south. Another MoU with a Turkish company was signed to explore for gold in the Abu Khashiba region, also south, media reports said. The...

According to the UAE’s Federal Competitiveness and Statistics Centre, this was a growth of 20.5 percent compared to AED414.6 billion recorded in the same period of 2021.

The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a...

Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.

Foreign exchange and gold reserves come in handy in many ways when a country is trying to ride out an economic crisis.

South Africa's tax authority has uncovered a 1.8-billion-dollar gold scam, in which coins and jewelry were illegally smelted into gold bars for sale overseas, a watchdog said Thursday. Between 2012 and 2020, the scammers bilked the government for 24.4 billion rand (1.8 billion dollars, 1.4 billion euros) by defrauding the...

Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first quarter of next year.

According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED170 billion during this period, posting a growth of 44 percent compared to H1 2020 and 41 percent more than that of the same period in 2019.