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Jul 07, 2020#0183;#32;By contrast, in 2016, the UAE imported gold from more than one hundred countries, mainly located in Africa, South America, or South Asia. Less likely to be engaged in traditional largescale gold mining, many of these countries are better known for artisanal and smallscale gold mining (ASGM).
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#0183;#32;Investors everywhere are looking to buy gold in Dubai (AKA the City Of Gold) because of its tax beneficial jurisdiction (for diamonds and gold purchased in Dubai there is no VAT or tax). Since the 19th century, Dubai has been one of the biggest trading ports with its strategic position, close to India and SAR (South African Republic).
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