UAE: Hub for 'black' gold
The United Arab Emirates has become a trade hub in the region, with strong links across West and Asia, and Europe. The country has, among other things, is trying to establish itself as a large and fast-growing marketplace for gold.
According to data collected by the Observatory for Economic Complexity, the UAEs gold imports have increased by an average of %58 to over 27-bilion dollars in 2018.
The Arab countrys fondness for gold comes amid its plummeting oil reserves, and the UAEs drive to diversify its economy.
Humanitarian crisis: Gaza children starving to death
Hamas: Biden ceasefire optimism ‘premature’
Nowhere to go
Iran relies on natural gas for nearly 90% of its power production: Expert
US embassy in Beirut blocks Iraq-Lebanon humanitarian air bridge
VIDEO | UK's Starmer targets journalists
Israel plans to displace Palestinians in occupied West Bank: Hamas
Iranian airlines ramp up Istanbul route flights after EU sanctions
British protesters slam UK’s complicity in Gaza genocide on Balfour day
US surgeon haunted by Gaza children with ‘single gunshot wounds to head’
VIDEO | Iran's possible retaliation against Israel
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
