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Source: Crude Oil Prices Today | OilPrice.com

Gold Producers Shift to Domestic Refining and Bullion Reserves Amid Dollar Concerns

Emerging gold-producing countries across Asia are increasingly retaining domestic gold production through local refining, export duties, and central bank purchases rather than exporting raw ore to Western financial hubs. The trend is driven by efforts to protect sovereign reserves against foreign asset freezes and to reduce reliance on the US dollar. Analysts note that major central banks, including China's, have significantly expanded their bullion holdings while trimming US Treasury holdings.

China–UAE News
Source: TIKR.com

Mastercard Targets Processing Nearly All UAE Debit Payments Under Sovereign Scheme

Mastercard Chief Financial Officer Ling Hai stated that the company expects to process nearly 100% of UAE debit transactions once its partnership with Al Etihad Payments is fully implemented. The project positions Mastercard as the underlying switching and processing technology provider for the UAE's national card switch and domestic Jaywan scheme. Concurrently, China's UnionPay International is expanding its own partnership with Al Etihad Payments to accept Jaywan cards across its network.

China–UAE News
Source: TIKR.com

Mastercard Targets Near-100% UAE Debit Processing as Domestic Payment Infrastructure Expands

Mastercard Chief Financial Officer Ling Hai stated that the company expects to process nearly 100% of debit transactions in the UAE once its rollout with Al Etihad Payments is complete. Speaking at a Goldman Sachs event, Hai pointed to the UAE partnership as a strategic model for navigating national sovereignty payment initiatives, alongside references to operations in China. The UAE's domestic payments entity is also expanding cross-border acceptance and co-branded card ties with China's UnionPay International.

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