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The Dubai City of Gold is a Thoroughbred horse race run annually since 1998 at Nad Al Sheba Racecourse in Dubai, United Arab Emirates.Given the nickname for the city of Dubai, the Group 2 race is open to Northern and Southern Hemisphere bred horses age four years and up.
Dubai maintained its importance as a trade route through the 1970s and 1980s. The city of Dubai has a free trade in gold and until the 1990s was the hub of a "brisk smuggling trade" of gold ingots to India, where gold import was restricted. Dubai has sought to boost itself as a tourism destination
Dubai is also known as the City of Gold because a major part of the economy is based on gold trades, with Dubai's total gold trading volumes in H1 2011 reaching 580 tonnes, with an average price of US$1,455 per troy ounce.
Race Name Racecourse Dist. (m) Surface Age/Sex Al Quoz Sprint: Meydan: 1,200 Turf 3yo+ Dubai Golden Shaheen: Meydan: 1,200: Dirt: 3yo+ Dubai Sheema Classic
The Gold Souk in Dubai is one of the most famous and traditional markets in the world, renowned for its vast selection of gold, jewellery, and precious stones. Located in the heart of Dubai's commercial district of Deira , this market is a must-visit for tourists and a favourite shopping destination for locals and visitors alike.
Dubai Gold Souk or Gold Souk (Arabic: سوق الذهب), is a traditional market (or souk) in Dubai, UAE. The souk is located in Dubai's commercial business district in Deira, in the locality of Al Ras. The souk consists of over 380 retailers, [1] most of whom are jewelry traders. Dubai Gold Souk entrance
The gold price was determined to be £4 18/9 (GBP 4.9375) per troy ounce. The New York gold price was US$19.39. The first few fixings were conducted by telephone until the members started meeting at the Rothschild offices in New Court, St Swithin's Lane.
The Dubai Textile Souk's address is 57, Opposite to the Abra. Ali Bin Abi Talib Street in Bur Dubai. It is located along the Dubai Creek opposite the Deira region which is host to the Dubai Gold Souk, Dubai Perfume Souk and the Dubai Spice Souk. [15] The Textile Souk is also a street away from Souk Al Kabeer, also known as Meena Bazaar. [16]