Sales of gold, jewellery and diamonds in Dubai reached AED 274 billion last year.
That's an increase of three per cent compared to 2017, according to the Dubai Gold and Jewellery Group.
Meanwhile, a new report from Dubai's Department of Economic Development found that more than 4,000 companies now operate in the gold sector in the emirate.
Indians were the top nationality for investing in the sector, followed by citizens from Pakistan, the UK and Saudi Arabia.
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UAE sets minimum excise price for e-cigarette liquids
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Dubai Duty Free to offer payment in cryptocurrency
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The UAE has declared Friday, August 28, as a holiday for public and private sector workers to mark the birthday of Prophet Muhammed (PBUH).
The Ministry of Climate Change and Environment has confirmed that UAE markets are free of lettuce products linked to the cyclosporiasis outbreak reported in some countries.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his Russian counterpart Vladimir Putin have discussed strengthening cooperation under the two countries' strategic partnership.
