A report by SwissAid reveals that billions of dollars worth of gold is smuggled out of Africa annually, with the vast majority being exported to the United Arab Emirates (UAE) for processing. The UAE has been identified as a leading recipient of tens of billions of dollars worth of illicit gold, receiving over 2,500 tonnes of smuggled gold valued at $115 billion between 2012 and 2022. Alongside Switzerland and India, the UAE is accused of benefiting from nearly 80 percent of annual African artisanal gold production that is not officially declared. Abu Dhabi received $115 billion worth of illicit gold from the continent in 10 years, according to the report published on Thursday.
Billions of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world, according to a report published Thursday. https://t.co/SywLD8YpGE
Billons of dollars in gold is smuggled out of Africa each year and most of it ends up in the United Arab Emirates, where it is refined and sold to customers around the world, according to a report published Thursday. https://t.co/SiTgytp3gc
The UAE is a major destination for gold smuggled out of Africa: "On the trail of African gold" (Swissaid) https://t.co/KIz43OIAv9
Billions worth of African gold smuggled to UAE yearly: report ๐ https://t.co/QV7XREtIu6
Alongside Switzerland and India, the UAE is accused of taking advantage of the nearly 80 percent of annual African artisanal gold production that is not officially declared https://t.co/CdZ7kJptIR
According to Swissaid, between 2012 and 2022 the UAE received over 2,500 tonnes of smuggled gold from Africa, with an estimated value of $115bn https://t.co/ss0q4OjvxF
UAE main destination for smuggled African gold, report claims, @jackvdutton reports https://t.co/839StlubZd
The United Arab Emirates is the leading recipient of illicit gold smuggled out of the African continent every year, according to a Swiss report published on Thursday https://t.co/nqKD5NMJRP
Report by Swissaid finds that Abu Dhabi received $115 billion worth of illicit gold from the continent in 10 years https://t.co/bLhydjt1ih
Dubai bling: Billions of dollars worth of African gold is smuggled into the UAE each year, research finds https://t.co/LsqmcxVoVH
"A UAE official tells the FT that its total investments into Africa amount to $110bn" https://t.co/kzL0zbOwVj
Billions of dollars of gold is smuggled out of Africa every year, with the vast majority exported to the United Arab Emirates for processing, according to a report by SwissAid. https://t.co/2zd6rnWBxW
The UAEโs rising influence in Africa. As China pares back loans to Africa, the oil-rich Gulf state has become an increasingly important source of foreign investment. In 2022 and 2023, the UAE pledged $97bn in new African investments across renewable energy, ports, mining, realโฆ https://t.co/CBtrruVdB9
Gold worth tens of billions smuggled to the UAE each year, report says https://t.co/KkQkK3XtTD https://t.co/RDXyY7fZOQ
The United Arab Emirates has been accused of being a leading recipient of tens of billions of dollars worth of gold smuggled out of Africa every year https://t.co/I2oR1V6ZVj
NEW ๐จ Smuggling of African gold on the rise: NGO https://t.co/q7JZrpnLpl https://t.co/sKWB2d451R
Billions of dollars of gold is smuggled out of Africa every year, with the vast majority exported to the United Arab Emirates for processing, a report by SwissAid says https://t.co/PUd9hJ5b5s
Bulk of gold smuggled from Africa exported to UAE, says report https://t.co/nYCRtIWCIr