HomeInternationalSaudi Arabia took over

Saudi Arabia took over

- Advertisment -

Saudi Arabia took over

Riyadh: The country has surpassed the Arab countries in the gold trade.

According to a report by a foreign news agency, the kingdom topped the list of gold businesses in the Arab world, with the volume of business reaching a quarter of the total business in the Arab world.

According to the report, Saudi Arabia topped the Arab world gold trade for the second time in 2021, with more than a quarter of all Arab countries trading in gold at the end of the third quarter of this year. Saudi Arabia’s share is 27.7% recorded.

Saudi Arabia traded 11 tonnes of gold in the last 90 days, ranking ninth among the top 10 gold buyers in the third quarter of 2021.

While in other Arab countries, the volume of gold trade increased by 40% during the third quarter of this year, a total of 93.7 tons of gold was recorded. The gold trade is ahead of Saudi Arabia, Egypt and the UAE, while Kuwait ranks fourth among the Arab countries in terms of gold deals.

It should be noted that during July-September 2021, 20% of the total gold trade in Arab countries took place in the country. Saudi Arabia sold 11 tonnes of gold, compared to 9.6 tonnes in 2020.

Comments


in details

Riyadh: The country has surpassed the Arab countries in the gold trade.

According to a report by a foreign news agency, the kingdom topped the list of gold businesses in the Arab world, with the volume of business reaching a quarter of the total business in the Arab world.

According to the report, Saudi Arabia topped the Arab world gold trade for the second time in 2021, with more than a quarter of all Arab countries trading in gold at the end of the third quarter of this year. Saudi Arabia’s share is 27.7% recorded.

Saudi Arabia traded 11 tonnes of gold in the last 90 days, ranking ninth among the top 10 gold buyers in the third quarter of 2021.

While in other Arab countries, the volume of gold trade increased by 40% during the third quarter of this year, a total of 93.7 tons of gold was recorded. The gold trade is ahead of Saudi Arabia, Egypt and the UAE, while Kuwait ranks fourth among the Arab countries in terms of gold deals.

It should be noted that during July-September 2021, 20% of the total gold trade in Arab countries took place in the country. Saudi Arabia sold 11 tonnes of gold, compared to 9.6 tonnes in 2020.

Comments

, for more latest world update’s, scroll down page
#Saudi #Arabia

- Advertisment -

Most Popular

- Advertisment -

Recent Comments