One of the oldest and busiest trading districts in Dubai, Deira Gold Souk reopened last week, following the directives of the Supreme Committee of Crisis and Disaster Management. The COVID-19 pandemic has challenged the global retail industry, and the gold & jewellery sector isn’t immune. But Tawhid Abdullah, chairman, Dubai Gold & Jewellery Group stresses, “We’ve resilience and experience to overcome the crisis.”
Starting April 26, retailers within Deira Gold Souk began operating at reduced trading hours. Before the opening, Dubai’s Al Ras and Naif areas, Deira Gold Souk and individual stores completed an extensive sterilisation programme following stringent health and safety guidelines, announced by Dubai Economy.
“We express our gratitude to the leaders of this country, government entities, Dubai Police, CID and all the first responders who worked tirelessly to get us to this point. The UAE has led by example and left no stones unturned before easing the COVID-19 restriction and opening shopping malls, markets and commercial outlets. It is our collective effort aimed at successfully implementing the retail protocol mandated by Dubai Economy in a manner that is both safe and effective, as we prepare in stages in the coming months to work towards 100% capacity operations,” Abdullah states.
“As on April 30, we were already 35-40% functional, and by the first week of May it will go up to almost 90%,” he shares. “However, the visitor number is low. We have and will continue undertaking every measure possible to reinstate confidence among consumers to start coming back to Deira Gold Souk. We will continue following health & safety guidelines. We have installed several hand sanitisation stations, those entering the premises are undergoing temperature checks, and they must wear face masks and gloves. We are also following social distancing norms.”
At a time when the financial market is suffering, gold is being looked upon as “safe” investment.
“Gold is a superhero in the commodities market. From the country to Central Bank, traders to customers, there is trust in gold as a safe form of investment. However, this year will be challenging. But Dubai is the ‘City of Gold’, and we will work tirelessly to overcome the crisis and regain our shine,” Abdullah concludes.
How much technology is too much technology? Tech has inevitably become asApril 15, 2021 | By Shruthi Nair
According to a report by the United Nations, the fashion industry accountsFebruary 18, 2021 | By Shruthi Nair
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The Organic Farmers’ Market is back in Bay Avenue for its 12th
UAE-based Lulu Group recently inaugurated its first-ever all-female staff store in Jeddah,
Jones the Grocer, the gourmet grocer and cheese retailer launches the Jones
UAE-based Al Maya Supermarkets is hosting a two-week food festival at select
Locally-owned supermarket Spinneys has launched its ‘Power of Plants’ initiative in the
Carrefour UAE has launched “Cookit Yourself” — a curated recipe box created
UAE-based Al Islami Foods, one of the largest frozen food companies in
Marks & Spencer’s plant-based range now offers over 25 vegan products including meat-free
World’s largest fully integrated online brand in fresh fish and meat e-commerce
Who isn’t a sucker for discounts? Customers today are spoiled for choice
The various e-commerce and virtual retail stores that cater to different product
A private helicopter carrying the chairman and managing director of Lulu Group,
With the inauguration of 11 new stores in 2020 and 14 more
Vacheron Constantin has announced the official opening of its first boutique in
‘Skinification of beauty’ is the key trend that every retailer in the
On March 8th 2021, Reebok unveiled its new store opening and launched
British brand Marks & Spencer, operated by the Al-Futtaim Group has launched
According to a report by the United Nations, the fashion industry accounts
The issue of climate change and the environmental crisis we are in
Unprecedented – that’s probably one of the most common adjectives for the
The UAE is known to be a global hub for a range