Oil boom spurs gold demand in Gulf
DUBAI: Gulf Arab demand for gold and diamond jewellery will surge in 2006 driven by soaring disposable incomes triggered by booming crude oil prices and flamboyant tastes, jewellers and officials said on Thursday.
Gulf Arab visitors from oil-rich states such as Saudi Arabia and Russia are pouring into the desert emirate of Dubai to shop for discounted, tax-free luxury goods at huge shopping zones such as the Mall of the Emirates, which even has a ski slope, and the Gold Souk in the labyrinthine historic downtown.
http://tinyurl.com/d7pwe
Gulf Arab visitors from oil-rich states such as Saudi Arabia and Russia are pouring into the desert emirate of Dubai to shop for discounted, tax-free luxury goods at huge shopping zones such as the Mall of the Emirates, which even has a ski slope, and the Gold Souk in the labyrinthine historic downtown.
http://tinyurl.com/d7pwe
posted by Oil Shock at 11:09 PM
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