The Middle East's downstream scene
There are currently 53 operating refineries in the Middle East, with a total capacity of just over 10 million bpd. Iraq has the highest number of sites, at 14, however Saudi Arabia holds the most capacity, at 3.3 million bpd. Bahrain …
Gold Price Forecast: Middle East tensions power XAU/USD …
Gold price renews all-time highs near $2,290 early Wednesday amid Middle East tensions. Tempered bets for June Fed rate cut weigh on the US Dollar and Treasury bond yields despite risk-aversion.
Gold Refining Globally: Part 2
The Middle East has witnessed a remarkable growth in its gold refining industry, driven by its increasing demand for both bullion and jewellery. Countries like Türkiye, the UAE, Saudi …
Gold industry shifts east as Dubai plans huge refinery
DUBAI: In the desert on the outskirts of Dubai, one of the world's biggest gold refineries is under construction. When completed next year, it will help to alter the balance of power in the ...
Top five upcoming oil refineries in Middle East
Listed below are the five largest upcoming oil refineries in Middle East by capacity in 2030, according to latest information from GlobalData's Refinery database. 1. Jask II Refinery ... The gold standard of business intelligence. Blending expert knowledge with cutting-edge technology, GlobalData's unrivalled proprietary data will enable ...
Saudi Arabia considering establishing gold refineries, says …
RIYADH: Saudi Arabia is mulling over creating gold refineries within the Kingdom as it aims to cut down on sending the metal abroad for processing, according to an industry leader. Karim Al-Enezi ...
Chapter 3
There are 10 active Dubai Good Delivery Gold Members, although at present with only three refineries based in the UAE, Al Etihad Gold Refinery DMCC, Emirates Gold DMCC and Sam Precious Metals FZ-LLC. Looking at silver, the current list features six refineries with three located in the UAE, these being the same three operations as mentioned above.
UAE to introduce new gold import rules starting …
According to the Observatory of Economic Complexity(), the UAE imported $38.4 billion in gold in 2020, making it the world's fourth largest gold importer.The Council for the Promotion of Exports of Gems and Jewelry in …
Sam Precious Metals
Creating a benchmark for gold and silver refinery, Sam Precious Metals specialises in utilizing the most advanced chemical processes to refine and evaluate large volumes of precious metals. ... We enforce specialised and comprehensive security measures at our refineries and shipments to ensure that your valuable assets are secure and protected ...
Australian Gold Refinery Listings
Australian gold refineries and mints listings with full contact information and company details. Bullion.Directory. Search for: View Menu. Find Bullion Dealers. USA Dealers. ... North East Gold Dealers; North West Gold Dealers; Yorkshire and Humber Gold Dealers; East Midlands Gold Dealers; West Midlands Gold Dealers;
UAE issues due diligence regulations for responsible sourcing of gold
The new regulations are issued in line with the Federal Decree-Law No. 20 of 2018 concerning anti-money laundering, combatting the financing of terrorism, and the financing of illegal organisations and its executive regulations.. The adherence to these guidelines is mandatory for all gold refineries operating in the country, starting from January.
Emirates Gold working on return of UAE responsible …
LONDON, July 17 (Reuters) - Dubai-based Emirates Gold DMCC, one of the largest gold refineries in the Middle East, said on Monday that it was working on getting back to the "good delivery" list ...
Beyond Black Gold: Saudi Arabia's Evolving Energy Landscape
Saudi Aramco expanded globally, forming Star Enterprises in 1989, a joint venture with Texaco in the United States, which evolved into Motiva. By 2017, Saudi Aramco became the sole owner of North America's largest single-site crude oil refinery in Port Arthur, Texas. Throughout the 1990s, the company continued its global expansion, acquiring stakes in …
Gold worth tens of billions smuggled to the UAE each year, …
An artisanal gold miner picks up a gold nugget at an unlicensed mine in Gaoua, Burkina Faso, February 13, 2018.Picture taken February 13, 2018.
UAE-based SAM Precious Metals to set up 13 …
Established and headquartered in Dubai, the city of gold, SAM Precious Metals is one of the top gold and silver refineries in the UAE and is globally renowned in the industry with high end and state-of-the-art facilities in …
100+ Years of Excellence
Experience Matters Over 100 Years of Excellence Serving the Precious Metals Industry LET'S TALK G&R Refining Advantage Ultra-Modern Assaying Laboratory State-of-the-Art Production Facility Experienced, Proficient Sales Staff Personalized 5-Star Service Environmentally Conscious Melt Our facility is home to multiple high induction furnaces of varying sizes to …
Oil industry in the Middle East
Volume of distillation capacities of refineries in the Middle East 2019, by country (in 1,000 barrels per day) Basic Statistic Share of oil refinery products in the Middle East 2020 by type
Egypt to build first gold refinery in eastern desert
Egypt is developing the country's mining industry by establishing a gold refinery in the eastern desert region, the Petroleum Minister, Tarek El-Molla, announced yesterday. "Work is underway ...
Welcome to Al Etihad Gold
Our knowledge, experience, technical expertise and modern state-of-the-art refining facility ensures superior treatment of all gold & silver metal refining lots.
Gold Mafia: UAE suspends Gold Refinery over owners' …
The firm was one of just three UAE-based refineries with the nation's Good Delivery accreditation, making it a top player in the Middle East's biggest gold market. Other accreditation programs ...
Etihad gold refinery
The Etihad Gold Refinery offers a variety of services, such as gold trading, assay services, and safe storage facilities.
UAE removes refinery Emirates Gold from its good delivery …
The suspension of Dubai-based Emirates Gold, one of the largest gold refineries in the Middle East which has been operating for 30 years, is temporary and is effective from July 7, the updated list showed. The London Bullion Market Association (LBMA) said in a separate statement on Friday that Emirates Gold's affiliate membership had also been ...
Emirates Gold working on return of UAE responsible …
Dubai-based Emirates Gold DMCC, one of the largest gold refineries in the Middle East, said on Monday that it was working on getting back to the "good delivery" list, certification scheme that ...
Oil Prices Rise as Mideast Crisis Intensifies
Visions of an intensifying war in the Middle East have added an enormous variable to a global economy already laced with unpredictable forces, from Russia's war in Ukraine, to the trade conflict ...
Gold
About West Asian (Middle East) Gold Market West Asia (Middle East) has been a center for gold trading for centuries. West Asia (Middle East) has been a center for gold trading for centuries. The region's strategic location between Europe, Asia, and Africa made it a hub for trade routes, facilitating the exchange of goods, including gold.
Africa Gold Advisory
Executive Summary[1] The U.S. Departments of State, the Treasury, Commerce, Homeland Security, Labor, and the United States Agency for International Development (USAID) are issuing this Advisory in light of increasingly concerning reporting related to the role of illicit actors in the gold trade, including the Wagner Group, to (i) highlight the opportunities and …
UAE to audit all gold refineries after facing sourcing criticism
Switzerland told its refineries to tighten up audits on imports from the Emirates in October to make sure illicit African gold isn't involved. Though the UAE government and Dubai's commodities exchange have consistently rejected such claims, some of the criticism may be quelled through the introduction of refinery inspections.
Dubai, Switzerland, London: How the UAE became a
But there is the Dubai Gold Souk and refineries that vie with the largest global operations as the United Arab Emirates (UAE) strives to expand its position as a major gold hub. ... Middle East ...
UAE Gold Refinery Listings
Following the creation of the Dubai Gold and Commodities Exchange (DGCX) and subsequent Dubai Good Delivery (DGD) Standard for bullion traded on the DGCX, growth in local gold refining grew exponentially as newly accredited refineries satisfied demand for the DGD 995 fine 1kg bars.