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Dubai's historic gold souk shines again after lockdown
From Gulf Today, Sharjah, United Arab Emirates
Saturday, May 16, 2020
DUBAI, United Arab Emirates -- Evening dresses made of gold mesh, gilded sunglasses, and glittering crowns are sparkling again from the windows of Dubai's historic gold souk, which was shuttered during the coronavirus lockdown.
One important element is still missing -- customers.
But for business owners, the reopening of one of the world's biggest gold markets is a vital move toward normality ahead of the autumn tourist season, in a city that prides itself on shop-til-you-drop experiences.
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Asante Gold pursues high-margin, low-capex projects
in Ghana, Africa's largest and safest gold producer
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"Reopening the shops is a big step for us. ... The main factor here is psychological," said Tawhid Abdullah, chairman of the Dubai Gold and Jewellery Group.
"We expect that by July or August when the airports reopen ... we will regain 50 percent of our business activity," he told a section of the media.
Dubai welcomed more than 16 million tourists last year and was aiming for 20 million this year before the pandemic crippled global travel. ...
... For the remainder of the report:
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
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