DUBAI:
The DGCX IBMC Gold Convention has officially launched with its first successful convention at Burj Khalia, Armani Hotel, Dubai, opening a new gateway for UAE and Africa Gold Markets.
DGCX IBMC Gold Convention is a futuristic joint initiative by Dubai Gold and Commodities Exchange (DGCX) and IBMC Financial Professionals Group designed to support and boost the Gold Trade, Investment, and Business relation between Industry Participants connected to UAE and other continents.
DGCX and IBMC have organized the first Gold Convention with the specific focus on UAE and Africa gold trading and investment. The primary objective of the event is to showcase the entire gamut of gold trade and related business activities in the UAE and help the participants explore potential opportunities available to gold businesses based on 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 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 in the auspicious presence of Irene Nafuna Muloni,Minister of Energy & Mineral Development, Republic of Uganda, Barbara Oteng-Gyasie, Deputy Minister for Lands & Minerals Commission, Republic of Ghana, Zaake Wanume Kibedi, Ambassador, Embassy of Uganda, Mohammed Dansanta Rimi, Ambassador,The Federal Republic of Nigeria, Alh. Ahmed Ramadan, Ambassador, Republic of Ghana, Osman Moussa Darar, Ambassador, Republic of Djibouti, Kaba Younoussa, Protocol, Embassy of Republic of Guinea, Farida Abdulla Kamber al Awadhi, Emirates BWC Chairperson, Adama Macalou, Economic advisor to the Ambassador,Embassy of Mali, Sasikumar, Head of Special Projects, DGCX, Anoop P S, CBO & ED, IBMC Global Network, dignitaries and special invitees.
“DGCX IBMC Gold Convention 2019 is an initiative in the right direction considering the vast business opportunities in gold industry, existing between UAE and other countries. The first convention focusing continent of Africa will be supportive for activating new business opportunities in UAE and AFRICA. UAE and AFRICA has decades of healthy business relation and these initiatives will further strengthen the relation between two countries”.”- said Sheikh Khalid Bin Ahmed Al Hamed, Chairman IBMC UAE.
“With a wider participation of over 200 delegates from more than 15 countries, the DGCX IBMC Gold Convention 2019 was a great success. The new Business and Avenues will be very much supportive for India based Business community considering UAE as gateway and Indian Expat Business community and Investors located in the Gulf to divert their business from Oil Sector to Non-Oil Sector. Gold import, export, refining, vault services, transportation, ornament manufacturing, retail business, shariah complied gold business, business directly with Africa are the potential opportunities are opened through the Gold convention. Considering the huge increase of Expats at African Continent and requirements of Gold Ornaments retail business, UAE based Indian Gold business community can take the immediate advantage, said Sajith Kumar P K , CEO & Managing Director, IBMC Global Network.
IBMC’s Industry White Paper “Mines to Market” on Gold Trade and Investment Between the UAE and Africa” is a collective industry requirements collected from the event panel discussions, presentations and industry players attended to the conference. This will be submitted to the relevant Authorities with recommendations and suggestions for policy initiatives to realize the full potential of trade between the UAE and Africa. IBMC along with DGCX have set adequate post event actives with the support of African Embassies and Consulates to provide industry guidance to African entities to establish their gold business activities with support of DGCX. added Sajith Kumar P K , CEO & Managing Director, IBMC Global Network.
The official announcement of 2020 DGCX IBMC Gold Convention was done with venue with event date 20-02-2020.
