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.
H.H. Sheikh Hamdan reviews Agentic AI transformation in private sector
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, has approved a series of initiatives aimed at accelerating artificial intelligence adoption and strengthening Dubai’s digital economy.
Emaar set to unveil AED 200 billion Dubai mega-development
Emaar Properties has announced plans to unveil a major new master development in Dubai, described as its most ambitious project yet.
Emirates to maintain capacity despite challenges, says Tim Clark
Emirates will roll out incentives aimed at winning back customers worried about the protracted Iran war, focusing on safety and reliable travel connections rather than lower fares, the airline's President Tim Clark told Reuters on Tuesday.
UAE nationals to get AED25,000 in VAT savings on new homes
The expense eligibility on VAT refunds on the costs of constructing new homes for UAE nationals has been expanded under a new initiative by the Federal Tax Authority (FTA), with AED 25,000 set for each claim.
DFM recognised by Switzerland's financial authority as foreign trading venue
Shares from Swiss-incorporated companies can now be traded on Dubai Financial Market (DFM) after it has been recognised by Switzerland's Financial Market Supervisory Authority (FINMA) as a foreign trading venue.
