O Gold and Emirates Gold forge strategic partnership to redefine precious metals access in the 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 democratising 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
TAG 91.1
15 minutes ago
- TAG 91.1
FNC holds special UAE–EU session
The Federal National Council (FNC) held a special UAE–European session in Abu Dhabi on Monday, chaired by Speaker Saqr Ghobash, as part of its 18th legislative term. The high-level session welcomed Roberta Metsola, President of the European Parliament, along with ministers, senior officials, EU ambassadors and European business leaders operating in the UAE. In his opening remarks, Ghobash welcomed Metsola and her delegation, stressing the UAE's commitment to dialogue and parliamentary cooperation. He said the session marks the start of deeper joint initiatives on global challenges such as peace, sustainable development and combating extremism. Ghobash also addressed urgent regional issues, calling for a ceasefire in Gaza and a political resolution to the conflict. He reaffirmed the UAE's stance on diplomacy and dialogue in resolving disputes and tensions, including the targeting of Iranian nuclear facilities. In her speech, Metsola praised the UAE's leadership in promoting peace and coexistence, calling the visit a turning point in EU-UAE relations. "I stand before you today representing 450 million European citizens, carrying a message of hope and optimism that this visit will mark a new beginning for strengthening our bilateral ties and expanding the horizons of partnership between the European Parliament and the UAE through constructive dialogue and cooperation," she said. The President of the European Parliament highlighted strong UAE-EU trade ties, valued at €328 billion (AED 1.39 trillion), and emphasised tourism, education and culture as key pillars of future cooperation. Metsola concluded by describing the relationship as entering a new phase of strategic partnership, built on shared values and a common vision for global peace and prosperity. انعقاد الجلسة البرلمانية الخاصة الإماراتية الأوروبية، برئاسة معالي صقر غباش رئيس المجلس الوطني الاتحادي، وبحضور معالي روبيرتا ميتسولا رئيسة البرلمان الأوروبية. — المجلس الوطني الاتحادي (@fnc_uae) June 23, 2025
Khaleej Times
20 minutes ago
- Khaleej Times
Stocks climb, oil reverses gains amid Gulf flare-ups
Gulf stock markets gained ground on Monday as oil prices surged to a five-month high, driven by mounting geopolitical tensions following US strikes on Iranian nuclear sites. Investor anxiety has deepened over the possibility of an Iranian response, especially amid growing fears that Tehran may attempt to disrupt or block the critical Strait of Hormuz—a conduit for more than 20 per cent of the world's oil supply. Brent crude rose sharply in the wake of the US offensive, which marked a dramatic escalation in the ongoing Middle East conflict. This spike in oil prices, while boosting energy-exporting economies in the Arab Gulf, also reignited global concerns over inflation, supply chain fragility, and stagflation risks. However, gains were reversed later in the day. Around 7pm UAE time, Brent was down 0.93 per cent to $76.29, while West Texas Intermediate fell 0.99 per cent to $73.11. While investors across global markets adopted a cautious stance, the response in Gulf equity markets was more upbeat. Saudi Arabia's benchmark index advanced 0.7 per cent, led by gains in Al Rajhi Bank and Saudi Arabian Mining Company. Dubai's main index rose 1 per cent, with blue-chip developer Emaar Properties jumping 2.4 per cent and Dubai Islamic Bank gaining 1.7 per cent. Analysts attributed this relative optimism to speculation that direct US involvement might pressure Iran towards a diplomatic resolution. 'Regional markets are trying to price in both the risks and opportunities from the escalation,' said Hani Abuagla, senior market analyst at XTB MENA. 'Some investors are betting that the crisis may force stakeholders back to the negotiating table.' Despite the uptick in regional equities, global markets were jittery. US stock futures edged lower on Monday. Futures tied to the Dow Jones Industrial Average slipped 114 points, or 0.2 per cent, while S&P 500 and Nasdaq-100 futures both fell by 0.2 per cent. Last week, the S&P 500 posted a 0.15 per cent loss—its second consecutive weekly decline. Josh Gilbert, market analyst at eToro, said investors are approaching the week with a 'heightened sense of caution.' He noted that markets are witnessing a classic flight to safety, with equity futures down, bitcoin sliding below $100,000, and gold and oil prices trending higher. 'Until we see signs of de-escalation, this defensive positioning will continue,' Gilbert said. 'This kind of geopolitical uncertainty is becoming part of the new normal.' The key risk factor, he emphasised, remains the Strait of Hormuz. 'Any disruption to that key artery could lead to a sharp spike in oil prices in the short term,' Gilbert said, adding that while the UAE and other Arab Gulf exporters might benefit from higher crude prices, broader market volatility and inflationary pressures would weigh heavily on the global economy. Tavis McCourt, analyst at Raymond James, echoed this sentiment, warning that an escalation would likely result in a short-term rise in oil prices, interest rates, and the US dollar, fuelling fears of stagflation. 'Conversely, signs of resolution could revive risk appetite and reward dip buyers,' he wrote in a note. Vijay Valecha, chief investment officer at Century Financial, said crude prices briefly touched their highest levels since January, underpinned by expectations of Iranian retaliation. He pointed out that Iran's parliament had approved measures that could lead to blocking the Strait of Hormuz. 'Markets initially reacted to the headline risk, but are now bracing for Iran's next move,' he said. 'Even limited interference with tanker traffic could significantly reprice geopolitical risk.' Beyond immediate market moves, analysts warned of wider economic fallout. A disruption to the Strait would not only hurt global oil supply but could also deal a blow to Iran's own exports. Even without a full closure, sustained tension could upend shipping insurance costs, delay deliveries, and increase energy and food prices across importing nations. In particular, countries in Asia—heavily dependent on oil from the Arab Gulf—are expected to bear the brunt of rising costs. 'There is no real substitute for Gulf oil in the short term,' said Joaquin Vespignani, associate professor of finance at the University of Tasmania. 'For Indo-Pacific countries, higher import bills could force budget cuts elsewhere. Inflation will rise while incomes stagnate—a double blow for consumers.' He warned that nations with limited fiscal space could struggle to maintain current levels of infrastructure spending and welfare programs. 'This shock will ripple far beyond the Gulf, straining economies and consumers alike,' he added.
Zawya
31 minutes ago
- Zawya
Egypt: Elsaeed Contracting posts 5.8% YoY rise in Q1 2025 consolidated profits
Elsaeed Contracting and Real Estate Investment Company (SCCD) recorded 5.830% year-on-year (YoY) higher consolidated net profits attributable to the holding company at EGP 64.593 million in the first quarter (Q1) of 2025, the financial results showed. The quarterly earnings were compared with EGP 61.034 million in Q1 2024. Earnings per share (EPS) increased to EGP 0.089 at the end of March 2025 from EGP 0.084 a year earlier, while the operations revenues dropped to EGP 376.267 million from EGP 701.501 million. As for the standalone financials, the net profits after tax plunged to EGP 51.847 million in Q1 2025 from EGP 60.711 million in Q1 2024, while the EPS plunged to EGP 0.063 from EGP 0.073. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
