Opens new gateway for UAE and African Gold Markets
H.E. Sheikh Khalid Bin Ahmed Al Hamed, Chairman, IBMC International UAE, Les Male, Chief Executive Officer, Dubai Gold & Commodities Exchange (DGCX) and Sajith Kumar P. K., CEO and Managing Director, IBMC Global Network, jointly inaugurates the DGCX – IBMC Gold Convention 2019 at Burj Khalifa, Armani Hotel, Dubai in the auspicious presence of H. E. Hon. Irene Nafuna Muloni, Minister of Energy & Mineral Development, Republic of Uganda and H. E. Hon. Barbara Oteng Gyasie, Deputy Minister of Lands & Minerals Commission, Republic of Ghana.
H.E. Zaake Wanume Kibedi, Ambassador, Embassy of Uganda, H.E. Mohammed Dansanta Rimi, Ambassador, The Federal Republic of Nigeria, H. E. Alh. Ahmed Ramadan, Ambassador, Republic of Ghana, H. E. Osman Moussa Darar, Ambassador, Republic of Djibouti, H.E. Kaba Younoussa, Protocol, Embassy of Republic of Guinea, H. E. Farida Abdulla Kamber al Awadhi, Emirates BWC Chairperson, Adama Macalou, Economic advisor to the Ambassador, Embassy of Mani, Anoop P. S, CBO & ED, IBMC Global Network, dignitaries and special invitees were present for the inaugural function
Dubai: The DGCX – IBMC Gold Convention successfully held its inaugural convention at the Armani Hotel, Burj Khalifa, Dubai, opening a new gateway for the UAE and African gold markets, on Tuesday, January 8th 2019.
The Convention was organized with the specific focus on UAE and Africa gold trading and investment. The primary objective of the event was to showcase the entire gamut of gold trade and related activities and help participants explore potential opportunities between the continent of Africa and the UAE.
The Gold Convention covered all major activities including import/export, transportation, gold refining, vault facilities and trading as well as a detailed presentation for pricing and delivery of the DGCX Shari’ah compliant Spot Gold contract, the regions first, and worlds only exchange traded, physically delivered, Shari’ah-compliant gold product.
The Convention was officially inaugurated jointly by H.E. Sheikh Khalid Bin Ahmed Al Hamed, Chairman-IBMC International UAE, Mr. Les Male, Chief Executive Officer, Dubai Gold & Commodities Exchange (DGCX) and Mr. Sajith Kumar P K, CEO and Managing Director, IBMC Global Network in the auspicious presence of H.E Hon. Irene Nafuna Muloni, Minister of Energy & Mineral Development, Republic of Uganda, H. E Hon. Barbara Oteng-Gyasie, Deputy Minister for Lands & Minerals Commission, Republic of Ghana,H.E Zaake Wanume Kibedi, Ambassador, Embassy of Uganda, H.E. Mohammed Dansanta Rimi, Ambassador, The Federal Republic of Nigeria, H.E Alh. Ahmed Ramadan, Ambassador, Republic of Ghana, H.E Osman Moussa Darar, Ambassador, Republic of Djibouti, H.E Kaba Younoussa, Protocol, Embassy of Republic of Guinea, H.E. Farida Abdulla Kamber al Awadhi, Emirates BWC Chairperson, Adama Macalou, Economic advisor to the Ambassador, Embassy of Mali, Mr. Anoop P S, CBO & ED, IBMC Global Network, dignitaries and special invitees.
His Excellency Sheikh Khalid Bin Ahmed Al Hamed, Chairman IBMC UAE said “The DGCX IBMC Gold Convention 2019 is an initiative that is helping to move the conversation in the right direction. Considering the vast business opportunities in the gold industry, the first convention focusing on the continent of Africa will be supportive for activating new business opportunities in both the UAE and Africa. The UAE and Africa has a long history of healthy business relations and these initiatives will further strengthen the relationship between the two”.
“With far reaching participation of over 200 delegates from more than 15 countries, the DGCX IBMC Gold Convention 2019 was a great success. IBMC’s Industry White Paper “Mines to Market” on Gold Trade and Investment Between the UAE and Africa” is a collective of industry requirements gathered from the event panel discussions, presentations and industry players who attended the conference. This will be submitted to the relevant Authorities with recommendations and suggestions for policy initiatives to enhance and grow Non-oil related trade between the UAE and Africa. IBMC along with DGCX are launching a number of post event actives with the support of African Embassies and Consulates to provide industry guidance to African entities to establish their gold business activities. commented Mr. Sajith Kumar P K , CEO & Managing Director, IBMC Global Network
It was announced that 2020 edition of the Gold Convention would take place on February 20th.
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