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  • DGCX volumes rise for 2013

    DGCX volumes rise for 2013

    DGCX volumes rise for 2013

    DGCX increase the size of trades and goods with 65 percent in October , compared period last year, with up to 22.17 million contract worth 25 billion U.S. dollars.

    Gold futures saw an impressive 60 percent compared with last month .

    Trading volumes contributed to the increase in market share of gold futures contracts , offered by the DME in Asia by 2 percent , Mmayazz its position as one of the gold futures contracts traded in Asia .

    Gold remains a major focus in the strategic plans adopted by the Dubai Gold and commodities, to expand its product portfolio and boost gold instant that I intend to launch very soon offers precious metals posed by the Dubai Mercantile Exchange .

    Currency trading also saw the Dubai stock exchange in October, a significant growth rate of 63 percent compared to last year.

    Also DGCX strong growth for Sensex futures contracts , which has achieved record figures in   the largest monthly trading volume with trading ( 12.847 ) . And the highest monthly trading value of $ 26485 million .

    Total volumes traded futures contract , West Texas Intermediate crude in October ( 2.603 ) contracts , up 111 percent from the month of September.

    This is the year for Dubai Stock Exchange that year outstanding stock which recorded its highest trading volume .

  • Dubai Displays Most Expensive Motorcycle Made From Gold

    Dubai Displays Most Expensive Motorcycle Made From Gold

    For more than 5 months continued a motorcycle makers in the manufacture of the most expensive motorcycle in the world as made ​​entirely of gold .

    Maker of motorcycles Danish Jensen, launched amid a crowd turnout legion, yesterday, the first motorcycle made ​​of gold, during the opening week Gulf of motorcycles in the Listed Dubai Media City, stressing that it is no place more appropriate than Dubai in general, and the festival in particular, to introduce the bike made of thick gold leaf, which hired in its industry Besaúg went professional, to put every inch of gold leaf instead of painting it.

    Motorcycle gold , formed around the halo light of the utmost magnificence and beauty , and drew the attention of Mohammed bin Sulayem, Chairman of Club of the UAE Automobile and Touring and Vice President of the International Automobile Federation and Chairman of the Research Institute of Sports in the state, which opened the festival along with a number of the organizers of the event, and representatives of the media media.

    The UV peak of Jensen , founder of the height of Jensen ” took manufacturing bike gold about 5 months, because of the accuracy of the details and plentiful , and our use of gold leaf thick granted by the great value, has been keen not to exceed this time period so that we can impress the audience Week Gulf for motorcycles, We call something special promotes the well-established position that founded the event in the hearts of motorcycle enthusiasts and adventure and professional reviews since its inception in 2009. ”

    The event incorporates a lot of activities distinctive but Championship bikes amended, is a favorite among the majority of visitors to the event, said Matthew Roberts , director of festivals in the ” Clarion إيفنس the Middle East” : will be evaluated motorcycles modified participation, within the categories to which they belong , which include: cycling luxury ancient , three – wheel bicycles , scooters street fighting , and modified bicycles maximum specifications , and sports bikes .

  • U.S. Dollar falls to lowest level in eight and a half months

    U.S. Dollar falls to lowest level in eight and a half months

    U.S. Dollar falls to lowest level in eight and a half months

    (Reuters) – U.S. Dollar fell to its lowest level in eight and a half months against the euro and a basket of currencies on Friday on expectations of a possible postponement of the decision to reduce monetary stimulus in the United States in the wake of political battles on the budget this month.

    Analysts said concerns about the negative repercussions on the U.S. economy and the possibility to keep the Federal Reserve ( Fed ) monetary stimulus program Sadgtan on the dollar and allow the euro to rise towards $ 1.40 .

    The dollar index, which measures the strength of the U.S. currency against a basket of currencies to 79.478 , the lowest level since early February. In the latest insider record 79.649 indicator .

    The euro rose to $ 1.3703 , its highest level since early February , when it touched the peak of 2013 at $ 1.3711 . In the most recent trading price of $ 1.3676 euro little changed from the previous meeting and an increase of one percent over the week.

    Before a little over a month , analysts were convinced that the Federal Reserve is ready to take the first step to change its monetary policy ultra applied by easing five years ago.

    But the bank to leave monetary policy unchanged in September, contrary to expectations . This was followed by the closure lasted 16 days for U.S. government institutions in the current October and then an agreement to raise the debt ceiling to leave the door open for further battles on the budget early next year .

    The dollar fell 0.1 percent against the Japanese currency to 97.75 yen after hitting on Thursday, the highest level in three weeks at 99 yen

  • Gold could stimulate the production of clean energy and drinking water

    Gold could stimulate the production of clean energy and drinking water

    Gold could stimulate the production of clean energy and drinking water

    World Gold Council said , gold jewelry that is saved in the coffers of the Bank, will be increasingly used to increase energy production and clean water to drink.

    Trevor casual, head of technology at the World Gold Council, said in an interview that the properties of the metal has the ability to improve the efficiency of solar cells, and improve the performance of fuel cells and remove impurities from the water. He is already the use of gold in some catalytic converters to reduce pollution from cars.

    The greater the demand for energy and water drains global resources, utilities, and manufacturers are looking for ways to save the situation both through the introduction of new technologies and gold, which is corrosion resistant and highly conductive, and can be used as a catalyst to improve the efficiency of processes such as water purification.

    People say automatically gold is very expensive to use these techniques in research, but this is not true in fact, said agent in London if you want to use in a small amount enough, and that brings you the benefit is large enough, and it’s always going to be useful to use.

    Gold is currently cheaper than platinum, which is used in similar applications. The price of gold, which is considered a haven in times of economic turmoil, fell more than 20% this year after he began to promote global growth.

    Can in the metal nanoparticles detect and remove pesticides and heavy metals from drinking water, according to the casual. Said we are now at a point where we’re going to see more and more operations commercially in this sector, “he said. “It’s driven by the desire for a more effective in cleaning up pollution, using the best materials for the job.

    Particles can also help convert solar energy into electricity, according to the World Gold Council, based in London, which has invested in the technology of solar PV Co. Oxford in fuel cells, and they can improve the electrical conductivity, said casual, citing Ford Motor Co. ‘s the use of gold-based coating for devices, which produce electricity from a chemical reaction

  • Burger Made From Gammal Meat And Gold In UAE

    Burger Made From Gammal Meat And Gold In UAE

    Burger Made From Gammal Meat In UAE

    Absurdity of the world’s top chefs on the use of gold in cooking methods to make the final dish masterpiece eat and In the UAE and especially Abu Dhabi The World Chef (Sandro Gamba) manufactures a new dish of hamburger made ​​of Gammal meat (the ship of the desert).

    Gamba learned his way of making Gammal meat in French restaurants during his work and came to be applied in Abu Dhabi, where he provided meals consisting of the sentences tasty meat with cheese and pieces gilded live and sliced ​​fried chickpeas substitute for potatoes also offer this meal for $ 50.

    Knowing that Gamba recommended that this meal must make of young Gammal Meat due to its ease in cooking as it’s tender to become the best-selling dish in the United Arab Emirates.

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  • Technical Summary for Forex Today 1/10/2013

    Technical Summary for Forex Today 1/10/2013

    EUR/USD

    The upside: The price breakthrough for the next resistance level at 1.3555 m 1. Could create momentum in the upward direction could push the market price to move toward the initial objectives at 1.3578 1.3600 m 2 and m 3.

    The downside: There is a possibility for the price directed towards the main barrier at 1.3517 d 1. That fall below this level would be considered the beginning of a Fibonacci expansion. The following targets basis of price lies at 1.3472 d 2 and 3 D 1.3435.

    Resistance levels: 1.3555, 1.3578, 1.3600

    Support levels: 1.3517, 1.3472, 1.3435

    EUR/USD

    GBP/USD

    The upside: The purchasing for the pair made ​​an important resistance level at 1.6247 m 1. And that any break above this level will lead to a shift toward the bullish side and to reach our goals during the day at 1.6279 m 2 and 1.6308 m 3.

    The downside: On the negative side is the current support level at 1.6207 d 1. And a break here is required to enable the bearish pressure and to reach our goals during the day at 1.6180 d 2 and 3 D 1.6139.

    Resistance levels: 1.6247, 1.6279, 1.6308

    Support levels: 1.6207, 1.6180, 1.6139

    GBP/USD

    USD/JPY

    The upside: the penetration resistance level at 98.56 m 1 will lead to the heart of the pair upside down and will lead the pair to move toward our goals during the day at 98.81 m and 99.05 m 2 3.

    The downside: that the development of the patch for the pair is limited to the level of 97.95 d 1. And if the price was able to overcome that, we propose the following objectives basis at 97.63 d 97.30 d 2 3.

    Resistance levels: 98.56, 98.81, 99.05

    Support levels: 97.95, 97.63, 97.30

    USD/JPY

  • Gold tea is not healthy: Dubai Municipality

    Gold tea is not healthy: Dubai Municipality

    Gold tea is not healthy: Dubai Municipality

    As part of Dubai Municipality’s keenness to preserve public health and safety in the Emirate of Dubai, the Food Control Department of Dubai Municipality issued a statement about the rumors and claims spread by some of the cafes in Dubai regarding offering tea made of 22 carat gold in their outlets.

    According to Khalid Sherif, Director of Food Control Department at Dubai Municipality, there is no base for such propaganda from the health point of view. It is only a commercial publicity trick by some owners of cafes to justify their high prices for cheap products and exploiting the ignorance of some customers.

    He explained that the municipality has studied this subject and I learned that there are some cafes claim to have this tea mixed with gold and some exotic products in addition to some flowers to make it appealing and claim that this product helps to rejuvenate the body and get rid of stress and negative effects of the pressures in life.

    He also advised the public not to believe these commercial lies and added that the department monitors all cafes in Dubai to ensure the safety of society. The civic body will not allow cafes to provide any kind of unhealthy food or drinks, and makes sure that all food products in cafes, restaurants or food establishments meet the entire health requirements set by the authorities.

    ‘These cafes do not mix gold with tea, but claim it in order to attract customers, and if they really do so, they cannot afford to mix except a small percentage, which is not something remarkable, which will not help rejuvenate human body,’ he said.

    emirates247

  • London Gold Fix Price For Today

    London Gold Fix Price For Today

    London Gold Fix Price in morning on Friday at $ 1355.25/OZ , down from $ 1365.50 /OZ in the previous session .

    The price of gold at the previous close in New York of $ 1364.39 an ounce

  • Dubai exposure most expensive gold Lamborghini model

    Dubai exposure most expensive gold Lamborghini model

    Dubai exposure most expensive gold Lamborghini model

    In Dubai displays a preliminary model of a car is the most expensive of its kind in the world model of diamond-studded gold Lamborghini, the first stop ahead of his world tour later in the year.

    Surround a Lamborghini Aventador. LP 700-4 Coupe, a gold plated replica of the holographic industry engineer who is planning models cars Robert Jobann, in Germany for manufacture of pure gold and precious stones worth is estimated at $ 2.9 million.

    said showroom that displays in Dubai that surround Once scheduled surround complete and a length of 25 inches will be sold at auction at an initial estimated $ 7.8 million.

    It is scheduled to be donated to charity ten percent of revenue. And stereo manufacturers have said he will skip three global figures registered in the Guinness Book of Records for the most expensive and most precious model car in the world and plush logo and more insurance showroom in the world. The initial holographic displays currently in the showroom for Lamborghini cars in Dubai. And then will be presented at the Dubai Motor Show in November before he presents later in Abu Dhabi. Middle East television service.

  • Gold on the way of $ 1400 again

    Gold on the way of $ 1400 again

    Gold on the way of $ 1400 again
    Gold prices stabilized near the highest level on Thursday after the Fed’s comments about the postponement of the cash reduce stimulated with the dollar’s decline to the lowest price in seven months.

    The U.S. gold futures rose 4.6 percent, but remained limited gains Due to the absence of China’s absence from the market due to a public holiday

    Gold prices jumped today to the level of 1374 dollars an ounce on Thursday

    The pair rose gold / U.S. heading to a new resistance at 1381 dollars, which we might expect in the current penetration will see gold heading above $ 1400

    Support 1334.00

    Resistance 1400.00

    Day trading is expected: UP.