Latest news with #UAEGoodDelivery
Mid East Info
2 days 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.
Mid East Info
19-05-2025
- Business
- Mid East Info
Emirates NBD Pioneers Physical Cross-Border Gold and Silver Bullion Transaction Service - Middle East Business News and Information
Dubai, UAE, May 2025: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has become the first regional bank to launch a physical gold and silver bullion transaction service across international markets in UAE Good Delivery (UAEGD) approved standards. This milestone offering enables clients to securely purchase, trade, and store physical bullion — positioning Emirates NBD at the forefront of precious metals innovation and reinforcing its role as a trusted financial partner in the global bullion space. Launched in the beginning of May 2025, the first-of-its-kind facility supports the refining and sale of gold in accordance with gold and silver London Bullion Market Association (LBMA) and UAEGD approved standards. Integrated within a banking framework, the service represents a milestone for a regional financial institution and positions Emirates NBD as an accessible and trustworthy service provider operating at the heart of the rapidly developing market for safe-haven assets, both regionally and beyond. Establishing Emirates NBD as the bullion partner of choice, the service will deliver a comprehensive range of products to Emirates NBD's Corporate, Institutional and Retail Banking and Wealth Management clients. With the launch of its bullion service, Emirates NBD is fully aligned with the UAE's comprehensive and forward-looking policy of expanding its position as a leading gold trading destination. Currently, between 20-30% of the world's gold passes through Dubai, placing the emirate among the globe's top three gold hubs alongside Switzerland and London. The new service ably supports Emirates NBD's ongoing strategy to expand its growth footprint across locations and elevates its value proposition as the go-to, one-stop-shop for clients seeking diverse and trusted investments. The UAE's largest bank, Emirates NBD will engage bullion clients by offering competitive market pricing, market-based gold and silver lease rates, as well as short-term liquidity solutions with precious metals as collateral. The availability of fully backed, secure, and redeemable gold certificates means clients can own gold stored in secure vaults without physical possession, allowing them to buy, sell, or pledge certificates as collateral in the market. Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said: 'The launch of Emirates NBD's new bullion service is part of our ongoing vision to diversify, expand, and evolve the range of services and transactions that are available to our network of customers across different locations. A unique offering from a leading regional financial institution, this service taps into growing demand from our clients who are increasingly seeking easy, swift and trusted access to the precious metal market while simultaneously helping to strengthen the UAE's deeply rooted status as an important and vibrant gold trading hub. With Emirates NBD as the go-to bullion partner, our clients in the UAE and further afield can enjoy a range of investment and trade opportunities within an established and sought-after sector that continues to evolve, develop, and define its importance in the face of the economic trends that are shaping today's markets, both globally and regionally.' Ammar Al Haj, Group Treasurer and Head of Global Markets at Emirates NBD, said: 'As the UAE, and Dubai in particular, has grown to be one of the most important destinations for gold trading, it's essential that we continue to engage clients through new functions that offer unique value propositions. The launch of Emirates NBD's new bullion product marks a bold step forward for the region — a transformative milestone that reflects our commitment to innovation, scale and client-centricity. As the first regional bank to introduce a physical gold and silver bullion transaction service with international reach, we're not only expanding our financial product suite, but also unlocking new pathways for institutional, corporate and individual clients to access trusted, cross-border precious metal solutions through our growing global network.' Interested clients are encouraged to connect with their bank Relationship Manager to explore how they can benefit from this service. About Emirates NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
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.
