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Bright East acquires Emirates Gold: Dubai-based precious metals refinery Emirates Gold was fully acquired by Bright East Holding 1, an ADGM-registered company, according to a press release. The company is now led by new CEO Abhijit Shah (LinkedIn), appointed by the Board of Directors.
Back in the game: Emirates Gold also announced its reinstatement to the UAE’s Good Delivery List.
What’s the plan? The company plans to boost operational stability, reconnect with legacy clients, and expand regionally and globally. Upgrades are also in the works, including the adoption of advanced technology like a high-capacity platinum furnace that can reach 2600°C and 3D fiber laser tech to speed up production and improve customization. Improving smelting and refining capacities, forming strategic industry partnerships, and ensuring stringent compliance policies and procedures are “key priorities,” according to the statement.
