Islam, Islamic, Islamic News, Fatwa's and Islamic Business/Finance with Islam Online

Gold AE DMCC, Tadhamon ink agreement

03 Nov 2012 05:26 GMT   التعليقات ()       إضافة تعليق       طباعة       إرسال لصديق

Tadhamon customers will have the option of gold instead of cash in their savings accounts. The deal underlines the growing awareness among investors in Yemen of the value of gold as a hedge against global inflation, hyperinflation and prolonged financial downturn.

"Tadhamon is a perfect partner for us. We remain committed to serving as a key player in the international bullion trading market and this deal is yet another exciting chapter the Gold AE success story," said Mohammad Abu-Alhaj, chairman of Gold AE DMCC and Sabayek24.

"Currency wars among different countries, as well as uncontrolled printing of money by central banks around the world, are putting the cash savings and purchasing power of millions of families at risk, considering the impact of the real possibility of their savings being completely wiped out with the unavoidable potential financial depression."

© Khaleej Times 2012 A Friend Print This Page Save as PDF   © Copyright . All Rights Reserved.

Source: Bing Search

Loading comments ...