Middle East Economic Survey

VOL. XLVII

No 25

21-June-2004

UAE

CAPITAL MARKETS

NBD Launches Middle Easts First Paper-Based Gold Investment Product

National Bank of Dubai (NBD) started to offer the Middle Easts first paper-based gold investment product when it issued its new Gold Savings Certificate on 14 June. The move allows customers to invest in gold products and diversify their portfolios without the need to physically purchase or store the precious metal. Gold, which is mostly denominated in...