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Dubai says gold-trading allegations are 'lies' and 'attacks'
By Verity Ratcliffe
Bloomberg News
Thursday, November 18, 2021
Dubai's commodities exchange rejected claims it doesn’t do enough to regulate its gold business, while the United Arab Emirates government announced new guidelines for trading the metal.
"I want to address the elephant in the room, namely the consistent and unsubstantiated attacks launched on Dubai by other trading centers and institutions," the chief executive officer of the Dubai Multi Commodities Centre, Ahmed bin Sulayem, said today at a conference in the emirate.
He said they are "lies."
... Dispatch continues below ...
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Awakening a Sleeping Giant in Ghana: Asante Gold Acquires Past-Producing Bibiani Mine
From Golden Opportunities / Gold Newsletter
Metairie, Louisiana
Tuesday, August 17, 2021
Asante Gold (ASE.CN; ASGOF.OTC) has just acquired a past-producing gold mine in Ghana that boasts near-term production potential and huge upside.
With the move, Executive Director Malik Easah is seeking to repeat his success with Cardinal Resources, another gold company with a Ghana project that he recently sold for A$600 million.
It’s a deal that came like a bolt from the blue.
Just a few weeks ago Asante Gold catapulted itself from a relatively sleepy gold story into a major development-stage company set to breathe new life into Ghana's huge, past-producing Bibiani mine. ...
... For the remainder of the report:
https://goldnewsletter.com/go081721/
Bin Sulayem's comments come as concerns mount about Dubai's role in the illicit gold business. Critics say regulatory loopholes allow bullion used for money laundering and smuggled out of war zones to be traded there. ...
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