Mr. Moaz Barakat, Managing Director of the World Gold Council in the Middle East, said that the gold sales in the UAE grew to Dh 2.1 billion in the first quarter of 2006, up from Dh 1.9 billion in the corresponding period of last year, a 10% growth. According to him, the volume of gold consumption in the UAE decreased to 28 tons in the first quarter of 2006, down from 33 tons in the corresponding period of last year, a 17% withdrawal.
Al Bawaba
