UAE affirms gold-sector regulations

MINISTERIAL CLARIFICATION COMES AMID REPORTS ON SUDAN IMPORTS

- BY ABDULLA RASHEED

The UAE has built a strong regulatory framework to ensure the security, integrity, and transparency of gold transactions, the Ministry of Foreign Trade has said in a statement following recent reports on gold imports from Sudan.

"The UAE is the world's second largest gold trading hub and, as such, imports gold from countries on every continent," the Ministry said.

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