DMCC CONCLUDES 2024 DUBAI PRECIOUS METALS CONFERENCE, GATHERS OVER 800 GLOBAL INDUSTRY LEADERS, UAE MINISTER OF ECONOMY PREDICTS ‘TRANSFORMATIVE ERA’ FOR GOLD

Press release

Published November 20th, 2024 - 06:15 GMT

Feryal Ahmadi, Chief Operating Officer, DMCC

International best-selling author Jordan Belfort, best known as the real “Wolf of Wall Street”, appeared as VIP guest speaker and gave an in-depth presentation on the keys to professional success and building vision, resilience and entrepreneurship in business.

The conference panels provided a comprehensive overview of the evolving precious metals landscape, highlighting the growing influence of BRICS nations, the challenges in supply chain integrity and the transformative role of technology. Discussions emphasised the UAE’s critical role as a refining and trading hub amid the rise of China and India as dominant gold consumers, alongside the potential establishment of a BRICS Gold Exchange to reshape global trade flows.

Experts also addressed pressing issues such as supply constraints, the impact of geopolitical risks on central bank gold reserves, and the need for multilateral funding to bolster resource development in emerging markets. The adoption of technologies like AI, IoT and blockchain was identified as a key driver of growth, efficiency and transparency in the precious metals supply chain, paving the way for a more digitised and resilient industry.

The DPMC 2024 was held with the support of several prominent sponsors, led by Title Sponsor Sam Precious Metals and Platinum Sponsor Gold Standard. The World Gold Council joined as the Thought Leadership Partner. Emirates Minting and Emirates Gold participated as Gold Sponsors, with Ashoka Global DMCC, AKW, Suntech Business Solutions DMCC and DPMS Global Consulting as Silver Sponsors.

The DPMC is one of DMCC’s flagship annual events held to gather public and private sector leaders from across each segment of the precious metals value chain to discuss the most important trends within the global industry. Now successfully held for 12 editions, DPMC has become one of the pinnacles of the global precious metals’ events calendar.

Background Information

Dubai Multi Commodities Centre Authority

DMCC is a government entity established in 2002 to enhance commodity trade flows through Dubai. We perform a range of roles which continue to position Dubai as the preferred destination for global commodities trade and DMCC as the world’s No.1 Free Zone.