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Abu Dhabi Hotel Boasts an ATM with a Golden Touch - ASHARQ AL-AWSAT English Archive
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ABU DHABI, United Arab Emirates, (AP) – 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.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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