38 C
Friday, September 22, 2023

Emirates Gold acquired by Rockfire Resources plc

Emirates Gold DMCC, a leading UAE precious metals refining company, has announced its acquisition by Rockfire Resources plc. This acquisition encompasses all aspects of Emirates Gold’s operations, from sourcing and refining to minting, distribution, and market presence.

In addition to the acquisition, Emirates Gold is undergoing a strategic overhaul, focusing on innovative minting technologies, expanding its global product reach, diversifying its product lines, and adhering to industry compliance standards. As part of this transformation, Daniele Provenzale has been appointed as the new CEO, bringing extensive experience to lead the company towards its ambitious goals.

Provenzale stated, “Our vision is to establish Emirates Gold as a symbol of trust and integrity in the global precious metals refining and minting industry. This acquisition by Rockfire is a strategic milestone in our journey, emphasizing our commitment to reshaping the precious metals sector with innovation and sustainability.”

Emirates Gold, with over 30 years of legacy in Dubai, is a prominent gold refinery in the GCC region. The acquisition by Rockfire Resources plc aligns with their growth strategy and is seen as a potentially transformative move that will enhance value for shareholders and accelerate the company’s growth trajectory.

Next Article

Related Articles

Former UK PM David Cameron at Port City Colombo UAE Roadshow

Port City Colombo to hold UAE Roadshow for global investors. Former UK PM David Cameron will discuss ties between the UAE, Indo-Pacific, and Sri...

“Game of Thrones” creator and authors sue OpenAI for copyright violation

John Grisham, Jodi Picoult, and George R.R. Martin, along with 14 other authors, are suing OpenAI for what they claim is "systematic theft on...

Watch: Dubai real estate agents queue for Palm Jebel Ali villa sales

Dubai's newest waterfront project, Palm Jebel Ali, has caused a significant stir. Hundreds of real estate agents and potential buyers formed long lines outside...

Indian rupee nears historic lows, faces more pressure.

The Indian rupee, near a record low, faces ongoing pressure due to factors like crude oil prices and the US Federal Reserve's policy decision....

AI robots could soon dominate GCC industries

AI-powered robots are poised to revolutionize industrial operations in the GCC, with numerous local businesses introducing cutting-edge AI robots for commercial use. According to...

Latest Articles