International circles called for a boycott of an international gold conference scheduled to be held in Dubai, UAE, in view of the emirate’s black record in smuggling and looting of gold from several African countries, and international circles expressed their disapproval of the conference scheduled to be attended by 33 countries, including Israel, in Dubai with a long record. In the smuggling of gold and its export to separate regions in the world.
Next month, Dubai will host the World Gold Conference, the largest international event specialized in the sector. The conference sessions will be held on November 23 with the participation of major international companies, including the Israeli ones, working in the sector in its various fields, from mines, refineries and trading platforms, in the presence of government figures and representatives of the sector’s regulators from all over the world.
The conference integrates satisfactory communication techniques and direct attendance, amid the application of precautionary measures and measures to prevent the emerging corona virus, and the conference will witness discussion and discussion of a package of issues related to all areas covered by the sector, starting from gold trade, investment opportunities and joint projects, through import, export and logistics. To refining, mining, jewelry making, bullion trading, and retail opportunities around the world and in the UAE.
The conference will witness the unveiling of innovative programs that include a digital marketplace for the gold trade. Participants will be able to explore opportunities and investments available worldwide and communicate with the largest actors and key figures working in the global gold industry, and this comes as the ruling regime in the UAE escalates its plots based on plundering economic resources and the capabilities of the peoples of countries, especially in Africa, and stealing their wealth, on top of that gold.
In an investigation that took 15 months to prepare, Reuters published a detailed report earlier this month on the UAE’s transformation into the largest illegal importer of gold from the continent. The volume of smuggling operations was estimated at billions of dollars annually, so that gold circulating in Dubai represents about a fifth of the UAE’s GDP.
The investigation was based on its assessment of the volume of smuggling operations on a comparison of total imports to the UAE with exports announced by African countries, as data from the UAE Customs Authority showed that 446 tons of gold were imported in varying degrees of purity and worth $ 15.1 billion from 46 African countries, representing about 50% of the total gold imports to the UAE .
However, the data of Comtrade, the “United Nations International Trade Statistics Database”, witnessed a clear discrepancy, as 25 of those African countries did not provide the United Nations with their data from the UAE exports, while most of the other 21 countries witnessed much less export data than Abu Dhabi’s imports, which is Which means that these quantities were smuggled to the Gulf state.
The list of the most affected countries included Ghana and Burkina Faso. While Ghanaian President Nana Akufo at the mining conference in his country only exposed the UAE when he spoke of large-scale gold smuggling operations run by gangs that are subject to foreign parties he did not name, Burkini Minister of Mines Omar Edani Oamaru told Reuters without The contention that the gold produced in his country is estimated at 9.5 tons annually, most of which are smuggled into the Emirates, and only 200-400 kilos of it reach the government authorities.
