DMCC has confirmed Isabelle Strauss-Kahn, a former senior official at the World Bank and Banque de France, as a keynote speaker for the 14th Dubai Precious Metals Conference (DPMC), to be held on November 16–17, 2026, at Uptown Dubai. The conference, themed 'Reshaping Global Precious Metals Markets,' will address geopolitical tensions, shifting trade flows, central bank reserve strategies and new financial technologies. The Ministry of Foreign Trade is the strategic partner, and Minister Dr. Thani bin Ahmed Al Zeyoudi will deliver the opening keynote. Other speakers include David Tait of the World Gold Council, Louis Marechal of the OECD, Michael Lawrence of Asia House and Essa Alfalasi of Emirates Minting Factory.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on iranherald.com ↗
Keywords
goldcentral bankUAEgeopolitics
Open a keyword to see other news on the same topic.
Related news
- Gold may trade up to USD 5 , 000 / oz over next two years as central banks sustain demand : Report
NDB Wealth Management's report says gold could trade between USD 4,200 and 5,000 per ounce over the next 12-24 months, with this base case assigned a 50% probability. Central bank purchases and strong Asian investor demand are increasingly driving the market, reducing the influence of US rate moves. Central banks bought 289 tonnes in Q2 2026, and Asian gold funds saw net inflows of nearly 70 tonnes in the first half, while North American funds lost about 61 tonnes. The World Gold Council projects around 850 tonnes of central bank buying in 2026, close to the 863 tonnes of 2025, while global mine output is forecast to rise only 2.4% to 3,907 tonnes. A lasting peace in the Gulf, easing inflation or a pause in US rate hikes could push prices lower, while concerns over US government finances and Fed independence could drive further gains.
- Europe sent its gold to the U.S. for safe keeping during World War II. Central banks are now reshuffling their reserves for a new era of uncertainty
The Dutch central bank (DNB) moved more than 78 tons of gold from New York and seven tons from Canada to London, citing rising geopolitical unrest and the need to improve crisis preparedness. This is part of a wider trend: the New York Fed, which custodies gold for the U.S. government and foreign institutions, now holds about half its early-1970s peak, and France removed all its gold from New York between July 2025 and January 2026. Earlier moves included Germany's transfers of 930 tons in 2000 and 674 tons in 2013–2017, Venezuela's 160 tons in 2011–2012, and India's accelerated relocations since 2023. According to World Gold Council analyst Krishan Gopaul, central banks now weigh custody risk, physical accessibility and market liquidity, and recent moves show the answer does not necessarily lie in domestic storage alone.
- CBUAE, Monetary Authority of Singapore discuss cooperation in digital payments, green finance
The Central Bank of the UAE (CBUAE) held a bilateral meeting with the Monetary Authority of Singapore (MAS) on the sidelines of the 2026 IMF and World Bank Annual Meetings in Bangkok to deepen cooperation. CBUAE Assistant Governors Ebrahim Obaid Al Zaabi, Ahmed Saeed Al Qamzi and Mohamed Hussain Al Marzooqi met MAS Deputy Managing Director Leong Sing Chiong and other senior officials. The sides discussed central bank digital currencies, cross-border trade and settlement, cross-border QR code payments, green finance and climate-related financial risk, building on a 2009 memorandum of understanding. Al Qamzi said the partnership, which spans more than 17 years, will expand into cross-border payment and settlement solutions to facilitate trade and investment between the two countries.
- UAE strengthens global financial partnerships, wins praise for financial resilience at IMF - World Bank meetings
The Central Bank of the UAE (CBUAE) is strengthening international financial partnerships through bilateral meetings at the 2026 IMF and World Bank Group Annual Meetings in Bangkok, held from 12 to 18 October. It met the Bank of Korea and the Monetary Authority of Singapore to discuss financial sector cooperation and knowledge exchange. In panel discussions, international officials and experts praised the UAE's financial system as a successful model for stability and resilience, including Sophie Sirtaine of the WBG, Stefan Ingves of Toronto Centre and Pornanong Budsaratragoon of Thailand's Securities and Exchange Commission. Other sessions covered how AI and cyber risks affect financial stability and how private capital can support healthcare systems.
- UAE strengthens global financial partnerships , wins praise for financial resilience at IMF - World Bank meetings
The Central Bank of the UAE (CBUAE) is strengthening international financial ties through bilateral meetings at the IMF and World Bank Group Annual Meetings in Bangkok, held from 12 to 18 October. It met the Bank of Korea and the Monetary Authority of Singapore (MAS) to discuss financial sector cooperation, exchange expertise and explore bilateral partnership opportunities. International officials and experts praised the UAE's financial system as a successful model for stability, resilience and adaptation to rapid change. Panel discussions also covered supervision of emerging risks, the impact of AI and cyber threats, and mobilising private capital for healthcare. WBG's Sophie Sirtaine and Toronto Centre's Stefan Ingves also commended the UAE's efforts to build resilient financial systems.
- West Asia , Ukraine conflicts drag on ; global turmoil leaves no room for political experiments
According to this opinion piece, Iran and its proxies are hurting the economic ambitions of the UAE and Saudi Arabia. A Reuters investigation cited in the article found Iran has struck at least 135 infrastructure targets in the past seven months, with the Fujairah port hit 19 times. The author argues that Gulf states' failure to retaliate reflects political confusion or lack of capacity, while tourism in Dubai and Abu Dhabi has suffered the biggest losses. In contrast, the IMF is cited as forecasting India's 2026 GDP growth at 7%, making it the fastest-growing major economy. The piece concludes that political experiments driven by vested powers will only cause chaos.
Related markets
Latest news
- Financial System Report (October 2026)
The Bank of Japan's October 2026 Financial System Report assesses that the system remains broadly stable: banks have enough capital and stable funding to withstand a global financial crisis-level stress or a compound shock of higher oil prices, weaker AI expectations and a sharp rise in interest rates. Close monitoring is warranted for the Middle East, the profitability and financing of AI investment, and foreign non-bank financial intermediaries (NBFIs). Stock prices remain above trend, though P/E ratios are broadly around their average levels since 2008 as expected earnings rise. Longer term, declining loan demand from population decline could weaken bank profits and loss-absorbing capacity, raising the risk of either contraction or overheating in lending. The report also examines the effects of energy and raw material prices and rate hikes on SMEs and households, and cybersecurity threats from frontier AI.
- If the AI Bubble Bursts, These Stocks Will Be Winners
AI-linked stocks fell again: CoreWeave dropped to its lowest level since shortly after its IPO as its bond yields reached as high as 15%, the Nasdaq Composite fell 2.6% on Thursday, and Meta tumbled 7% despite strong earnings after posting its first quarter of negative free cash flow in its history amid surging AI infrastructure spending. The 10-year yield fell 3.8% to 4.95%, its first time below 5% in a month, and is down 7% over two weeks, which may reflect a shift from stocks into bonds. Homebuilder stocks rose, with the State Street SPDR S&P Homebuilders ETF (XHB) up 3.8%, and Pool Corporation, RH, and Lennar gaining 14.4%, 9.5%, and 9%. Investors now see a 93% chance the Fed holds rates at 375-400 basis points, after weak September jobs growth and cooler-than-expected August PCE inflation. The author sees this as another sign that investors are looking for the next set of winners after AI.
- Alkane Resources - Quarterly Report - September 2026
Alkane Resources' quarterly report for the September 2026 quarter (Q1 FY27) shows gold-equivalent production of 40,740 AuEq oz at an AISC of $2,805/AuEq oz, with mine operating cash flow of $102 million and gold-equivalent sales of 38,348 oz generating $206 million in revenue at an average gold price of $5,128/oz. The company reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce. Cash, bullion and listed investments totalled $459 million after $13 million in income tax payments, with final FY26 income tax payments of $55-60 million expected in the December quarter. Alkane paid its maiden fully franked dividend of 2 cents per share and approved a $50 million buyback in September 2026. CEO Nic Earner said AISC came in below the full-year cost guidance range.
- SSI forecasts when PNJ's profit will return to the VND 1,000 billion mark
SSI forecasts PNJ's net revenue at VND 39,100 billion in 2026, VND 43,400 billion in 2027 and VND 57,700 billion in 2029, while after-tax profit is forecast at minus VND 6,300 billion in 2026, rising to VND 1,200 billion in 2028. The company holds large inventory, with diamonds making up 52%, and may need to set aside additional provisions for inventory write-downs if gold prices fall. Under SSI's estimated scenario, PNJ's additional repurchase obligation could be about VND 16,800 billion; to ease short-term liquidity pressure, the company plans to issue up to 550 million shares to raise VND 8,000 billion. Preliminary Q3/2026 results show a net loss of VND 258 billion, compared with a profit of VND 496 billion a year earlier. SSI continues to keep PNJ's stock at “Under review”.
- Ethereum delays Glamsterdam Hoodi testnet launch over security risks
Ethereum has postponed the Glamsterdam upgrade on the Hoodi testnet, originally scheduled for Oct. 26, so developers can examine how EIP-8037 and EIP-8038 interact with deployed smart contracts. ChainSecurity warned that the two proposals could weaken safeguards against insufficient gas griefing, potentially letting contracts permanently record failed operations and blocking otherwise valid user actions. The firm said it identified 13 real-world examples of potentially affected contracts and is coordinating responsible disclosure with the projects involved, without naming them. Security researcher pcaversaccio called the risks “serious” in an Oct. 21 GitHub comment and urged a reassessment of the hard fork. The mainnet timeline, which developers had been considering for early December, is now uncertain.
- Proposed 0.2% tax on idle land and land left unused or slow to be put to use
On the morning of October 23, the National Assembly heard the government's proposal and the review report on draft amendments to several tax laws, including the Law on Non-Agricultural Land Use Tax. The government proposes a 0.2% tax rate, with no area limit, for idle land and land that is not or is slowly being put to use, to institutionalize Resolution 21-NQ/TW. The Economic and Financial Committee agrees in principle but says the proposal conflicts with the current law, which applies 0.15% to unused land, and with the draft amended Land Law. It warns of possible double financial obligations for investment projects that leave land unused or slow to use it, and asks the drafting agency to clarify the basis, timeline and relationship with land use fees and land rental payments.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.