New Digital Currency Launched in UAE

It's called gBullion, and it has the same features as GoldMoney and the now-suspended eGold.

All transactions are made in system digital currency - gB, wherein 1 gB is equal to 1 gold gram. After the purchase gold bars (of 99, 5% or higher purity) are stored in the specialized secure Vault while corresponding quantity of gold grams (gB) is transferred to electronic gBullion client account....

Unlike GoldMoney, gBullion is held up primarily as a system to use gold as money.