Monday 28 May 2018
 
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gold reserves

UAE cbank gold reserves value hits $468m in Q1

The value of the UAE Central Bank's reserves of gold bars rose to around Dh1.72 billion ($468 million) during the first quarter of 2018, a growth of 6.6 per cent from Dh1.099 billion during the corresponding period 2017. Stati

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UAE Central Bank gold holdings top $307 million

The UAE Central Bank's reserve of gold bars amounted to Dh1.129 billion ($307.3 million) by the end of October 2017, a growth of 11.2 per cent from Dh1.015 billion by the end of 2016. The month of April 2017 saw the Central Ba

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Rio gives away stake in PNG Mine with $51bn reserves

Rio Tinto Group has given away its stake in the company that owns an abandoned mine in Papua New Guinea with potential copper and gold reserves worth $51 billion, said a report. The London-based miner has transferred its 54 per ce

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Six new gold reserves found in Saudi

A total of six gold and two copper deposits have been discovered in Saudi Arabia since 2010, according to a recent announcement from the Saudi Geological Survey (SGS), a report said. A number of key achievements have been made by

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Lebanon has $12bn of gold, 'won't buy or sell'

Lebanon, which has gold reserves worth nearly $12 billion, has no intention of buying or selling the precious metal, the central bank governor said. Riad Salameh told Reuters that the bank's stocks made it the second biggest holder of

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Saudi 'did not buy new gold reserves in 2010'

Saudi Arabia did not buy new gold reserves in 2010 despite data from the World Gold Council (WGC) that showed the kingdom had doubled its reserves during the first-quarter, the central bank governor said on Sunday. We did not buy new gold,

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Saudi gold reserves surge to 323 tonnes

Saudi Arabia has been hoarding gold for the past year and its reserves have gone up substantially, from 143 tonnes previously reported, to 322.9 tonnes, it was revealed. Saudi Arabia is the world’s fourth-largest holder of foreign exchange

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