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Gold bulls push for the exits on strong dollar and lack of fear
(Gulf News - 20/05/2018)

The strong dollar is proving too much of a headwind for gold. Hedge funds and other large speculators pared bullish bets on bullion to the lowest in more than two years as the metal fell below $1,300 an ounce for the first time this year, spurring the

New phase of copper mining set to take off in the Sultanate
(Oman Daily Observer - 17/05/2018)

Early works have commenced at the sites of three commercially significant copper mines that have the potential to ignite a new phase of copper mining in the Sultanate.<br/><br/> It follows announcements by the projects’ respective developers that they

Gold firms as dollar retreats from 2018 peak
(Gulf News - 15/05/2018)

Gold prices edged higher on Monday as the dollar retreated from a 2018 peak after subdued US inflation data last week highlighted the prospect of fewer US interest rate increases than previously expected this year.<br/><br/> Spot gold was up 0.1 per cent

VAT charges removed on gold at wholesale level
(Gulf News - 02/05/2018)

The UAE has rolled back the 5 per cent Value Added Tax (VAT) on gold and diamond sectors at the wholesale level. Retailers will continue to impose 5 per cent on all jewellery transactions taking place at their shops. <br/><br/> But the move, announced by

GCC imposes ‘safeguard’ tariff on iron and steel products
(Oman Daily Observer - 02/05/2018)

The countries of the Gulf Cooperation Council (GCC) will impose a safeguard tariff of $169 per tonne on imports of certain iron and steel products from May 15, they said in a filing published by the World Trade Organization on Monday.<br/><br/> The