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On May 23, gold prices dropped in the UAE, having been weighed down by a stronger dollar and hawkish remarks by Federal Reserve members, after the spot price of gold shed 0.47% to $1,960.47 per ounce. This resulted in shortages for the Dubai Gold Souk. [9]
A Gold souk (Arabic: سوق الذهب) is a gold market in Arab countries of Arabian Peninsula and particularly in GCC countries. [1] The word souk is mostly used by Arabs for open markets. The term evolved through the expatriates settled in Gulf Cooperation Council countries, and spread to other Asian and western parts due to the growing ...
Atlas Jewellery is an Indian owned jewellery retailer headquartered in Dubai, with 41 stores across the Middle East, in the UAE, Oman, Qatar, Bahrain, Saudi Arabia, Kuwait and India. The company's stores have a large range of jewellery in the gold , diamond , pearl , and gemstone categories.
In January 2017, the Titan group merged its Gold Plus stores with the larger Tanishq retail brand. [12] In April 2017, Tanishq launched the sub-brand Mirayah to cater to women under their 40s. [13] In December 2017, Tanishq launched the Aveer line, its first line of products for men. [14]
Pure Gold Jewellers is a recipient of the "Best Service Performance Brand" award in the large business category for five years: 2007–2008, 2008–2009, 2009–2010, 2011–2012, 2012–2013 and 2014–2015 under the Dubai Service Excellence Scheme (DSES) of the Dubai Department of Economic Development, making it the only company to have won it five times. [6]
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The Dubai International Financial Centre (DIFC) is a federal financial free zone situated in the Emirate of Dubai, United Arab Emirates. The DIFC was established pursuant to UAE Federal Decree No. 35 of 2004, UAE Federal Law No. 8 of 2004 and Dubai Law No. 12 of 2004. The DIFC occupies a physical territory of approximately 110 acres.
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