The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Thursday, 24th March 2005 (4876 views)

The World Gold Council (WGC) has held its annual board of directors meeting this week.<br/><br/>Two meetings were held on March 21st and 22nd in collobaration with the Dubai Metals and Commodities Centre (DMCC), looking at Dubai's role in the global gold industry, according to AME Info.<br/><br/>Ahmed bin Sulayem, chief operations officer, DMCC stated: "Prior to the meetings, members of the World Gold Council met with Sheikh Mohammad bin Rashid al Maktoum, Crown Prince of Dubai and defence minister of UAE, and discussed various initiatives and plans to further enhance the gold market in Dubai. <br/><br/>"They commended the efforts of Sheikh Mohammad in expanding Dubai's gold market potential and maintaining Dubai's image as the City of Gold."<br/><br/>It is believed the meetings will help strengthen Dubai's significance for gold producing, trading, manufacture and retail.<br/><br/>"Dubai has recently become one of the largest consumers of gold world-wide and this trend will continue, as a result of the rapid expansion activities, high incomes and growing resident and tourist population," Mr bin Sulayem added.<br/><br/>An international panel of directors representing leading gold mining companies took part in the meetings.<br/><br/>Further topics addressed were an action plan for the next three years, increased levels of gold production in the region and an increase in the WGC's level of investment in Dubai.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8108944"/>

 

« Back to Gold News stories