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| Gold topped the list of commodities in Dubai's 2020 external trade at Dh213 billion Reuters |
The UAE is reviewing plans to launch a federal platform for gold trading to strengthen the country’s role in the global gold and jewellery market.
Technical plans for the platform and for establishing a comprehensive database of all of the main players in the country's gold industry were reviewed at a meeting of the Emirates Gold Bullion Committee, chaired by minister of state for foreign trade Thani Al Zeyoudi.
The committee also reviewed the progress being made with the introduction of the UAE Good Delivery Standard, a quality benchmark for the production of high-quality gold, state news agency Wam said on Friday evening.
The committee is “confidently progressing on the path toward reinforcing the country's positions as a global hub for gold and precious stones trading and further facilitating doing business while bringing added value to this vital sector in order to contribute to increasing non-oil GDP,” Mr Al Zeyoudi said.
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