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.
UAE to get 100 Primary Care facilities by 2030
Aster Clinics UAE has announced plans to expand its network from 85 to over 100 facilities across the UAE by 2030, with a commitment to invest AED 100 million and increase staff strength to 4,100 across the country.
DEWA discusses expanding international operations in UK
Dubai Electricity and Water Authority's (DEWA) international branch visited London this week to meet with senior leadership from ING and Actis.
Australia plans first domestic oil refinery in 60 years to boost fuel security
Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas and underscores the urgency to improve energy security.
UAE looks to deepen trade ties with Canada during Toronto visit
The UAE is looking to strengthen trade and investment ties with Canada following a visit to Toronto by Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi.
DEWA International explores partnerships with French energy firms
DEWA International has held talks with several leading French energy companies as it looks to expand its global presence following its launch last month.
