UAE imports massive amounts of illicit gold from conflict zones
A new study finds the United Arab Emirates imported at least 591 tonnes of illicit gold in 2024 despite new laws.
Dubai markets receive smuggled metal
Switzerland's Swissaid foundation released a report stating the UAE is the primary destination for conflict gold. The nation imported at least 591 tonnes of illegal gold during the year 2024. This volume makes the country the second largest global trading hub after Switzerland. Most of this metal arrives in Dubai markets without being able to be traced by authorities.
Russia Yemen Sudan sources listed
The study identified specific origins for the illicit shipments including Russia, Yemen and Sudan. In 2024 alone the UAE imported at least 174.5 tonnes from these three nations directly or indirectly. Gold from Russia often travels via Armenia before reaching the final destination in the Emirates. Experts say this entire volume can be considered conflict gold because of the war zones involved.
RSF family profits from mines
The Rapid Support Forces paramilitary group controls vast western regions of Sudan where mining occurs. The family of Mohamed Hamdan Dagalo known as Hemedti profits significantly from gold mines in Darfur. By illicitly moving gold from territories it controlled to Dubai, his firm named al-Junaid amassed significant riches. Abu Dhabi denies charges regarding genocide claims but admits involvement in the region remains a primary driver.
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