Latest news with #EmiratesGold
Mid East Info
6 hours ago
- Business
- Mid East Info
O Gold and Emirates Gold Forge a Strategic Partnership to Redefine Precious Metals Access in the UAE - Middle East Business News and Information
Empowering everyday investors through direct access to certified gold and silver from trusted refineries Dubai, UAE – 20 June 2025 – O Gold, the UAE's first Emirati fractional gold and silver ownership app, has announced a landmark partnership with Emirates Gold, one of the region's most respected and long-established refineries. Through this collaboration, O Gold's rapidly expanding base of more than 75,000 active users will gain seamless access to an enhanced portfolio of certified gold products at competitive refinery‑direct rates, all delivered with the speed and convenience synonymous with the O Gold Wallet. This partnership marks a significant step forward in making precious metals investment more accessible and transparent for everyday investors in the UAE. By directly connecting O Gold's innovative fractional ownership platform with Emirates Gold's certified refinery products, users can confidently invest in physical gold with unprecedented ease and assurance. 'Our partnership with Emirates Gold is a pivotal moment for O Gold and our users,' said Bandar Alothman, Founder of O Gold. 'We are committed to democratizing access to precious metals, and this collaboration with a highly respected refinery like Emirates Gold directly addresses that goal. Our users can now be assured of the authenticity, quality, and competitive pricing of their gold investments, all within the familiar and convenient O Gold app', he added. Emirates Gold, renowned for its rigorous quality control and commitment to global standards, expressed strong enthusiasm for the partnership. Abhijit Shah, CEO of Emirates Gold, remarked, 'We are proud to join forces with O Gold, a pioneering platform that is transforming how investors across the UAE access precious metals. This collaboration reflects our unwavering commitment to delivering secure, transparent, and world-class precious metals solutions. Together, we are setting a new benchmark for accessibility and trust, empowering a new generation of investors with direct access to certified, high-quality gold.' Emirates Gold, the UAE's most established gold and silver refinery with a legacy of excellence since 1992, and renowned for shaping the precious metals landscape of the Middle East for over 33 years, brings unparalleled industry expertise and trust to this strategic alliance. Through this partnership, O Gold users will gain privileged access to a broader range of high-quality, UAE Good Delivery certified gold and silver bars and coins at competitive rates directly sourced from the refinery and delivered securely to their doorsteps. By combining Emirates Gold's decades-long legacy with O Gold's innovative digital platform, this collaboration reinforces both brands' shared commitment to trust, transparency, and investor empowerment further solidifying O Gold's position as the region's preferred platform for real-asset ownership.
Zawya
15 hours ago
- Business
- Zawya
O Gold and Emirates Gold forge a strategic partnership to redefine precious metals access in the UAE
Dubai, UAE – O Gold, the UAE's first Emirati fractional gold and silver ownership app, has announced a landmark partnership with Emirates Gold, one of the region's most respected and long-established refineries. Through this collaboration, O Gold's rapidly expanding base of more than 75,000 active users will gain seamless access to an enhanced portfolio of certified gold products at competitive refinery‑direct rates, all delivered with the speed and convenience synonymous with the O Gold Wallet. This partnership marks a significant step forward in making precious metals investment more accessible and transparent for everyday investors in the UAE. By directly connecting O Gold's innovative fractional ownership platform with Emirates Gold's certified refinery products, users can confidently invest in physical gold with unprecedented ease and assurance. "Our partnership with Emirates Gold is a pivotal moment for O Gold and our users," said Bandar Alothman, Founder of O Gold. "We are committed to democratizing access to precious metals, and this collaboration with a highly respected refinery like Emirates Gold directly addresses that goal. Our users can now be assured of the authenticity, quality, and competitive pricing of their gold investments, all within the familiar and convenient O Gold app', he added. Emirates Gold, renowned for its rigorous quality control and commitment to global standards, expressed strong enthusiasm for the partnership. Abhijit Shah, CEO of Emirates Gold, remarked, 'We are proud to join forces with O Gold, a pioneering platform that is transforming how investors across the UAE access precious metals. This collaboration reflects our unwavering commitment to delivering secure, transparent, and world-class precious metals solutions. Together, we are setting a new benchmark for accessibility and trust, empowering a new generation of investors with direct access to certified, high-quality gold.' Emirates Gold, the UAE's most established gold and silver refinery with a legacy of excellence since 1992, and renowned for shaping the precious metals landscape of the Middle East for over 33 years, brings unparalleled industry expertise and trust to this strategic alliance. Through this partnership, O Gold users will gain privileged access to a broader range of high-quality, UAE Good Delivery certified gold and silver bars and coins at competitive rates directly sourced from the refinery and delivered securely to their doorsteps. By combining Emirates Gold's decades-long legacy with O Gold's innovative digital platform, this collaboration reinforces both brands' shared commitment to trust, transparency, and investor empowerment further solidifying O Gold's position as the region's preferred platform for real-asset ownership. About O Gold O Gold Precious Metals is the first Emirati app for fractional gold and silver ownership, enabling secure transactions starting from just 1 dirham. The platform offers seamless buying, selling, and leasing of precious metals, redefining gold investment with accessibility and security at its core. With a strong focus on trust and transparency, O Gold ensures high-quality gold and silver, securely delivered with full insurance. Competitive pricing makes gold ownership more attainable, while the leasing feature allows users to earn returns on their physical assets. More than just a retailer, O Gold serves as a trusted partner in financial security through precious metal investments. Backed by a dedicated customer service team, the platform provides a smooth and rewarding experience, adhering to the highest standards of quality and security.
Zawya
04-06-2025
- Business
- Zawya
Mining in Motion: Ghana Targets Global Artisanal and Small-Scale Gold Mining (ASGM) Integration
Ghana is formalizing its artisanal and small-scale gold mining (ASGM) sector to align with global standards, promote sustainability and boost economic integration. Despite ASGM contributing over 35% to the country's total gold output, much of the country's artisanal mining activity remains informal. Speakers during a Mining in Motion 2025 panel outlined steps to address this challenge and accelerate the global integration of Ghana's ASGM sector The session – titled Integrating ASGM into Global Supply Chains, sponsored by Emirates Gold- examined policy gaps, market barriers and innovative solutions to enhance the credibility and competitiveness of ASGM gold on the international stage. In recent months, Ghana has been making strides to foster a conducive environment for ASGM producers. According to Neil Harby, Chief Technical Officer, London Bullion Market Association, 'Recently introduced guidelines have improved Ghana's capacity to produce small-scale gold, but the risk-reward ratio still lacks.' As such, the Ghana Gold Board, established this year, has been created to oversee, regulate and manage all gold and precious mineral-related activities in Ghana. The Board aims to enhance regulation, maximize foreign exchange earnings, build gold reserves and promote value addition for national economic transformation. 'If you look at Ghana's reserves, they've been very static. So, we've sat down and looked at how we can leverage gold resources in the country. If we can convert a domestic asset but go through the processes to convert it to a foreign asset, then we can begin to build upon our gold reserves,' stated Dr. Steve Opata, Head of Risk, Foreign Reserves Management at the Bank of Ghana. Meanwhile, the Organization for Economic Cooperation and Development (OECD) has supported Ghana's efforts to formalize its artisanal and small-scale mining (ASM) sector by addressing illicit financial flows and promoting responsible sourcing through tools like the Due Diligence Guidance and ASM Hub. Collaborating with the Ghanian government, the OECD helps develop policies to regulate ASM, which plays a vital economic role but faces challenges including environmental harm and links to illicit activity. 'You have to be sure that you have some understanding of the mapping of the supply chain. You need the management systems to help you understand the circumstances of production around those mine sites. We want to allow commercial relationships between small-scale and artisanal miners and international producers,' stated Louis Maréchal, Sector Lead: Minerals and Extractives, OECD. As a key player in the global precious minerals industry, Emirates Bullion Market offers significant expertise in gold refining and infrastructure development. In recent years, the UAE has become increasingly instrumental in Ghana's gold sector. In 2024, the country emerged as one of the top export destinations for Ghana's gold, accounting – alongside Switzerland – for 36.5% of total exports. 'Sustainability is conducive to operating with local miners. We want to know how their operations support the communities they come from. We only promote sustainable mining while safeguarding investor interest,' stated Sudheesh Nambiath, Manager, Dubai Multi Commodities Center, Emirates Bullion Market. Meanwhile, Rand Refinery supports Ghana's gold upstream sector by offering smelting, refining and metal recovery services. The company holds exclusive rights to refine Goldplat's Ghana output, with a mutual agreement on processing by-products. 'Working as a team with in-country producers, ASM producers and large-scale miners, the intention is to unlock productivity at a commercial scale,' stated Jason McPherson, Head of Sourcing and Business Development, Rand Refinery. With the launch of the Ghana Gold Board and strategic upgrades to its mining code, Ghana is aligning its ASGM sector with global standards. The country is positioning itself as a leading destination for sustainable gold sourcing, investment and innovation – proving that responsible mining can drive both local empowerment and global integration. Distributed by APO Group on behalf of Energy Capital&Power.
New Straits Times
09-05-2025
- Business
- New Straits Times
Penang eyes leadership in regional jewellery trade as global gold prices surge
GEORGE TOWN: With the shifting global trade landscape, there has never been a better moment to position Penang as a key player and even a leader in the regional jewellery industry. According to Chief Minister Chow Kon Yeow, as the global economic tide shifts — driven by ongoing geopolitical tensions, trade realignments and the recent imposition of the United States' tariffs on selected countries — Penang finds itself in a new and uncertain global landscape. "But where some see volatility, we in Penang see opportunity. Several of these developments have contributed to a remarkable surge in global gold prices, which recently topped USD 3,000 per ounce. This isn't just market fluctuation — it's a signal. "Gold, once again, is proving its timeless value as a secure and reliable investment, especially during periods of economic turbulence. "We want Penang not only to sparkle as a global exhibition host, but to lead as the national champion in gold and jewellery production. We believe in our local talent and in our SMEs' ability to rise and shine — and we stand ready to support them," he said at the opening of the Malaysia Gold & Jewellery Trade Exhibition 2025. Several top-tier international exhibitors — including Emirates Gold, Emirates Minting, Shangpinjin and many more from across China, Hong Kong, Singapore, the UAE, Australia, Ireland, India, Myanmar, and Pakistan — participated in this year's event. In fact, 25 per cent of this year's exhibitors hailed from overseas, reinforcing Penang's reputation as a trusted and dynamic meeting point for the global jewellery trade. Elaborating, Chow said the focus should be on nurturing domestic-driven investment, creating a robust ecosystem where homegrown creativity and technical mastery could flourish. In April 2025, gold prices reached unprecedented levels, surpassing $3,500 per ounce, a more than 31 per cent increase since the beginning of the year. According to the Department of Statistics Malaysia, jewellery imports reached RM1.519 billion in just the first two months of 2025 — an 18.39 per cent increase from the same period last year. Exports went up by 14.75 per cent to RM1.478 billion. Chow said these figures did not just reflect robust demand — they reaffirmed Malaysia's growing role in the global jewellery supply chain. Meanwhile, Federation of Goldsmiths and Jewellers Association of Malaysia (FGJAM) president Datuk Chiah Hock Yew said Penang and Seberang Prai were not only the core regions of gold manufacturing in Malaysia, but also possessed great potential to become a centre for regional gold trade. Currently, about 80 per cent of gold manufacturing factories in the country were concentrated in this region. According to data released by the Department of Statistics Malaysia on April 18, the total export value of gold-related products in Q1 2025 reached RM2.34 billion, a 9.76 per cent increase from RM2.132 billion in the same period last year.
Zawya
19-03-2025
- Business
- Zawya
Emirates Gold celebrates 33 years of excellence with strategic expansion plans
Dubai, UAE – Emirates Gold, the first UAE Good Delivery (UAEGD) certified refinery and Dubai's pioneering gold refinery accredited by the DMCC, proudly marks its 33rd anniversary as a global leader in the precious metals industry. Over three decades, the company has built a stellar reputation, producing and selling over 100 million coins and investment bars worldwide—a testament to its unwavering commitment to quality, reliability, and innovation. To commemorate this milestone, Emirates Gold proudly unveils the exclusive 'Arabian Heritage' collection—a distinguished series of gold bars featuring intricate designs inspired by iconic Arabian symbols. This collection celebrates the region's rich cultural heritage, combining exceptional craftsmanship with timeless artistry. It provides investors with a premium product that embodies the traditions and legacy of the UAE and the broader Arabian region. Commenting on this milestone, Abhijit Shah, CEO of Emirates Gold, said: "Our 33-year journey has been defined by excellence, trust, and innovation. We are deeply grateful to our clients, partners, and stakeholders for their unwavering support. As we celebrate this remarkable achievement, we remain committed to driving the industry forward with groundbreaking products and sustainable practices." Since its inception, Emirates Gold has been a pioneer in the precious metals sector, offering a comprehensive range of services, including refining, smelting, assaying, minting, bullion trading, precious stones separation, and corporate gifting. These diverse capabilities have established Emirates Gold as a trusted name in the UAE and beyond, underpinned by its dedication to quality and innovation. In late 2024, the company embarked on an exciting new chapter with its acquisition by Bright East Holding 1, a holding company registered with the Abu Dhabi Global Market (ADGM). This strategic move has set the stage for a renewed vision, positioning Emirates Gold for significant growth and expansion in 2025 and beyond. As it enters its next phase, Emirates Gold plans to strengthen its global footprint across the UAE, GCC, USA, Europe, Southeast Asia, and emerging markets through strategic partnerships and market diversification. The company is also investing in advanced minting technologies, including a coloured minting machine to complement its 3D Pro Fibre Laser Machine and Hydraulic Minting Press, enhancing production capabilities. Emirates Gold remains dedicated to sustainability and innovation, solidifying its leadership in gold and silver investment products while integrating eco-friendly practices and maintaining exceptional product quality. For media inquiries, please contact: About Emirates Gold Emirates Gold DMCC is a leading precious metal refining and minting company based in the United Arab Emirates. With a rich heritage spanning over three decades, Emirates Gold has established itself as a trusted name in the global precious metals industry for its finest quality products. Headquartered in Dubai, UAE, Emirates Gold has a global presence, serving customers and partners across the Middle East, Asia, Europe, and beyond.
