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awahee123 View Drop Down
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    Posted: 13 May 2010 at 12:33pm

"Gold to Go" Debuts In Abu Dhabi

Abu Dhabi Emirates Palace hotel unveils gold-dispensing ATM

Abu Dhabi Emirates Palace hotel unveils gold-dispensing ATM
Image via AP Photo/ Ex Oriente Lux

ABU DHABI, United Arab Emirates – Abu Dhabi's top hotel is upping the ante in the race for Gulf glitz: adding a gold-dispensing machine.

The ATM-style kiosk in the Emirates Palace monitors the daily gold price and offers small bars up to 10 grams or coins with customized designs.

It's the idea of a German entrepreneur, Thomas Geissler, who began testing the cash-for-gold machines in his native country in 2009. The Abu Dhabi debut on Wednesday is billed as the first international foray for Geissler's "Gold to Go" brand.

Geissler says he picked Abu Dhabi because of its high-rolling atmosphere and the region's traditional ties to gold in commerce.

The unveiling was timed well. Gold hit a record high Wednesday of more than $1,245 an ounce.

Source: AP
http://www.eturbonews.com/16115/abu-dhabi-emirates-palace-hotel-unveils-gold-dispensing-atm?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:%20Eturbonews-TravelAndTourismIndustryNews%20%28eTurboNews%20-%20Travel%20and%20Tourism%20Industry%20News%29&utm_content=Google%20Reader

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YazeedSaliba View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote YazeedSaliba Quote  Post ReplyReply Direct Link To This Post Posted: 01 Aug 2011 at 7:31am
The Abu Dhabi Investment Council fund invest in assets across the globe in Abu Dhabi's economy. Domestic assets include banks, investment houses and insurance companies. It is funded by revenue from the country's oil industry and invests those revenues in a wide range of asset classes, including equities, debt, real estate, infrastructure and private equity.
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Peter View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Peter Quote  Post ReplyReply Direct Link To This Post Posted: 06 Mar 2012 at 5:26am
Abu Dhabi is the most famous emirate in UAE. You can find almost all luxuries of life at this place. Now as you told that there is introducing gold-dispensing machine that is a nice innovation in Abu Dhabi. I am also surprised to see pictures and by reading post that you shared with us about this new thing.
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