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Dubai is still top 5 in the International Shipping Centre Development (ISCDI) for the second consecutive year, according to the latest Dubai News. Dubai bested Rotterdam and Hamburg among other maritime clusters such as Shanghai, London, Hong Kong, and Singapore.
Political tension in Dubai resulted in a continuing decline in gold prices. Prices of 22 and 24K gold are up. 22K gold is at AED162.25 compared to AED161.25 in the past weeks. 24K, on the other hand, rose at AED172.75 from AED171.50.