2022 was the best gold demand year since 2012 with enormous purchases of central bank assisted by strong buying of retail investors and slower ETF outflows which increased the annual demand to an eleven year high. Annual gold demand (excluding OTC) jumped 18% to 4,741t, almost on a par with...

Cyprus – for local and international business, and for headquartering Cyprus is the fastest growing tech hub in the European Union. Not only tech companies are enjoying the business and lifestyle benefits of Cyprus. Cyprus is a stronghold for many international companies that do business...

Gold and Investors in Australia in 2023. Last year and so far in 2023, Gold, in Australian dollars (AUD), delivered positive returns and attracted attention. While global central banks bought a record level of gold in 2022, Australia’s sovereign wealth fund also added gold to its portfolio....

The Best Dubai Free Zones The best free zones in Dubai combine quality and agile services with rigorous cost efficiency. Very few free zones in Dubai meet both criteria. Many free zones are cost efficient, but only a very few of them provide really fast and agile services without being...

Gold is unusual as a commodity in that it has very little true consumption; the vast bulk of what has been mined sits above ground in various forms with the potential to return to the market. Disinvestment is one such avenue, but this article covers the often-larger area of recycling (or scrap)....

EU Update on the List of Non-Cooperative Jurisdictions For Tax Purposes. The EU Council has revised the current list of non-cooperative jurisdictions for tax purposes, on 14th February 2023. The list which was established in 2017 now consists of 16 jurisdictions by adding Marshall Islands,...

Tourism revenue in Cyprus approaches pre-pandemic levels! Approximately, 20% of the Republic of Cyprus GDP is generated by tour-ism-related activities. Prior to COVID-19, Cyprus had 3 years of consistently breaking records with annual visitor arrivals of 4 million tourists. In 2020...

What Makes Gold a Persuasive Asset for Investment? Gold has been regarded as a precious metal for ages. People used to own gold for several purposes. These days, many people invest in gold for variety of advantages. The benefit is that you are not limited to having physical bars, coins, or...

The United Arab Emirates experiences an unprecedented interest by the global business community. At the same time, the UAE is working tirelessly to implement international compliance and business standards to avoid adverse treatment by authorities and banks of other countries. Consequently, the...

Gold has been the leading major asset class in the 21st century which surprises many professional investors and it has beaten the US treasuries, equities, developed market equities and emerging markets. USD 100 invested at the turn of the century has turned into USD 591. Gold doesn’t pay a...

Gold development in India Evolving demographics of the past years have lead to rapid changes in India which is the world’s second-largest gold jewellery consumer. The most important drivers of Indian gold jewellery demand remain weddings and festivals and just bridal jewellery accounts for at...

Gold posted a small gain in 2022, no mean feat given an unprecedented rise in rates and a strong US dollar. 2022 was a textbook example of gold’s stable and uncorrelated performance amid market turbulence. Weak institutional demand was offset by retail investment, driven by inflation and...

2022, Gold jewellery market and how Gold continues to dominate the market in China The notable rebound in Q3 Chinese gold jewellery demand from the COVID-stricken Q2 and easing COVID restrictions paints a bright picture for the future and suggests that opportunities abound. The key findings...

The world’s economy at a crisis point – Gold’s Perspective in 2023 The economy worldwide is at a changing point after being hit by various shocks over the past year. The biggest was caused by central banks when stepping up their aggressive fight against inflation. The interaction between...

Climate Change – Gold Mines One of the most complex challenges that the world is facing nowadays is the climate change problems, requiring scientific, economic, social, political and moral considerations. It has significant impacts on a local scale, likely to persist for many generations...

FACTS OF GOLD If all of the existing gold in the world was pulled into a 5 micron thick wire, it could wrap around the world 11.2 million times and its boiling point is 2808 degrees centigrade.There are just over 31 grams in a troy ounce of gold and It is rarer to find a one ounce nugget of...

November 2022 Promotions! Time to grow your business, with your free zone company in Dubai – benefiting from substantial promotions. Dubai issued 45,653 new business licenses in H1 2022, once again proving the attractiveness of the Emirate as an international business hub for ten thousand of...

Stronger gold demand in Q3 of 2022! A stronger Q3 through stronger consumer and central bank buying, helped current year demand recover to pre-COVID norms. Gold demand (excluding OTC) in Q3 was 28% higher y-o-y at 1,181t. Current year demand increased 18% vs the same period in 2021, returning...

Treasured Gold! Mankind has given Gold since ancient civilization a special place of actual and symbolic value and has been used as money for exchange, as store value, as valuable jewellery and other relics. Its value is conclusively a social construction and its lustrous and metallic...

Volatile Gold in September 2022 in spite of current pressure! Gold dropped 2.6% in September on the back of the twin headwinds of a surging US dollar and higher bond yields. Gold remained volatile in spite of these challenges alongside pressure from futures net shorts and ETF outflows. The US...