International News
DMCC unveils world’s largest silver bar – Guinness World Records recognizes 1,971kg asset
DMCC sets a global benchmark by unveiling the world’s largest silver bar and pioneering its tokenisation—merging precious metals, technology, and regulated digital innovation in a historic industry first.
DMCC has unveiled the world’s largest silver bar – a record-breaking 1,971kg asset officially recognised by Guinness World Records. Revealed at the Dubai Precious Metals Conference (DPMC), the bar commemorates the founding year of the United Arab Emirates, symbolising national ambition, craftsmanship and innovation.
As part of a landmark project involving DMCC and leading industry players, the bar is now set to be tokenised through DMCC’s Tradeflow platform, marking the first time a Guinness World Record precious metal bar will undergo tokenisation under a regulated framework.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: “The 13th edition of the Dubai Precious Metals Conference has been marked by new records, highlighted by the unveiling of the world’s largest silver bar – a 1,971 kg, 1.3-metre-long bar that has set a Guinness World Record and honours the UAE’s ambition and craftsmanship. This initiative reflects DMCC’s broader mission to connect trade, commodities, finance and technology, demonstrating how physical assets can be digitised and accessed through trusted and transparent frameworks.”
The project brings together UAE-based precious metals refiner Sam Precious Metals, responsible for the bar’s production; Tokinvest, a VARA-regulated platform leading the digital tokenisation and issuance process; and Brink’s, which will oversee secure storage and logistics.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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