What Is the Blockchain Trilemma?

What Is the Blockchain Trilemma?

ALBAWABA- Blockchain technology has attracted the globe's attention due to its potential to transform industries and reshape different parts of...

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Gold Prices Today

Rates were last updated on Fri, 09 Jun 2023 04:00:02 UTC. Prices are per gram.

Country 24k price 22k price 21k price 18k price
Saudi Arabia 236.83 217.88 207.23 177.62
Dubai 231.94 213.38 202.95 173.96
Kuwait 19.42 17.87 16.99 14.57
Bahrain 23.81 21.91 20.83 17.86
Qatar 229.98 211.58 201.23 172.49
Oman 24.32 22.37 21.28 18.24
Jordan 44.81 41.23 39.21 33.61
Note: The listed gold prices are exclusive of VAT

Latest Business

China exports, imports plummet in May

China exports, imports plummet in May

June 8th, 2023
Abdul Rahman Bazian

Abdul Rahman Bazian

ALBAWABA – China exports and imports plummeted in May amid sluggish global demand, especially from developed markets, Bloomberg reported Thursday.Exports slumped 7.5 percent year-on-year in May, data from China's Customs ...
Gold rates in Jordan Today Thursday 8 June 2023

Gold rates in Jordan Today Thursday 8 June 2023

June 8th, 2023
ALBAWABA – Gold rates in Jordan opened at a selling price of JOD 7,087.02 per ounce today, Thursday, June 8, 04:00 UTC, not including taxes and fees.24-karat gold prices in ...

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1. Exercise equipment

1.Exercise equipment: There’s a good chance that exercise equipment like treadmills and dumbbells are still in good condition. You just need to research the brand and test the equipment before you buy.

2. Items with a lifetime warranty

2. Items with a lifetime warranty: Brands like Cutco, JanSport, Craftsman and Tupperware offer a lifetime warranty program in exchange for extra amount of money. Therefore, buying used items from such brands is a great investment because if the item has an issue, the manufacturer will replace or repair it for you. That being said, you need to be extra careful when buying such items because some companies only honor lifetime warranties if you are the original owner.

3. Hand tools

3. Hand tools: When buying hand tools there is no need to buy new ones, as there are a variety of hand tools available at a low price and offer the same features. One of the top brands that offer great warranties is Craftsman.

4. Gift cards

4. Gift cards: The idea of ​​buying gift cards has become popular as a way to save money and in some cases, disappointments. You have your choice of many gift card exchanges and resale sites, like Raise, GiftCardGranny, and Giftcards.com. By using a resale site, you can save 10 to 30 percent on store credit at your go-to shops.

5. Tech gadgets

5. Tech gadgets: Buying a used tech item instead of a brand new one can save you a huge sum of money. But before doing that, you need to make sure you’re getting a full warranty with that used item as you would on a brand new model. Amazon Warehouse is great for used tech items! You can find open-box items like tablets and laptops that have been returned, used, damaged in a warehouse, or refurbished. Under “Buying Options,” Amazon sorts by conditions, so you can tell if the item is in good condition or not.

6. Espresso machines

6. Espresso machines: You can save an immense amount of money by buying a used espresso machine instead of buying a brand new one, and yet enjoy the same coffee shop quality lattes every morning.

7. Second-hand vehicles

7. Second-hand vehicles: No one can deny that buying pre-owned cars can save you a lot of money! However, you need to make sure that the car has been thoroughly checked by a credible mechanic.

8. Furniture

8. Furniture: When it comes to furniture, it’s always better to look for used items. With a little DIY tricks, you can turn an inexpensive pre-owned item into a customized one that looks good as new while saving money!

9. Clothing

9. Clothing: Fashion trends are constantly changing, and if you try to keep up with them by buying new clothes every season, you’re definitely going to overspend. The good news is that you can often find great, lightly worn clothing at local thrift stores or online marketplaces. Some people even donate clothing items that are new and still have tags!

10. Electrical appliances

10. Electrical appliances: If you want to buy an electrical device and you are not looking for specific specifications, shape or color, there are many stores selling used electrical devices. You can negotiate with the seller and get a high quality device at an affordable price.

1. Exercise equipment
2. Items with a lifetime warranty
3. Hand tools
4. Gift cards
5. Tech gadgets
6. Espresso machines
7. Second-hand vehicles
8. Furniture
9. Clothing
10. Electrical appliances
1. Samsung Galaxy S21 Ultra

1. Samsung Galaxy S21 Ultra: As Samsung's elite flagship phone for 2021, the Galaxy S21 Ultra features a brilliant 6.8-inch AMOLED display with an ultrasmooth 120Hz refresh rate that also supports Samsung's S-Pen stylus, an awesome rear camera with incredible zoom skills and 5G connectivity for super speedy data. This is the best in mobile technology that Samsung has to offer, and it's the Android phone to go for if you're keen to put cutting-edge tech in your pocket. Read our Galaxy S21 Ultra 5G review.

2. OnePlus 9 Pro

2. OnePlus 9 Pro: The OnePlus 9 Pro delivers a gorgeous new design combined with top-notch internal hardware, cameras tuned by Hasselblad, and clean software. OnePlus finally has a phone that measures up to Android's best, and the OnePlus 9 Pro is an affordable alternative to the Galaxy S21 Ultra.

3. Samsung Galaxy S21

3. Samsung Galaxy S21: Samsung's Galaxy S21 is a great overall package, delivering 5G, the latest hardware, and all the extras you could ask for in a 2021 flagship. It has a great camera (12MP + 64MP + 12MP), and a battery capacity of 4000 mAh.

4. Samsung Galaxy Note 20 Ultra

4. Samsung Galaxy Note 20 Ultra: The latest premium smartphone from Samsung Note series, it has advanced features, a great-looking screen and and special features for the S Pen stylus which comes included in the phone. It is quite expensive and relatively bulky and may not have all the impressive features of the Galaxy S21 Ultra, but this is compensated by a lot of advantages that make it one of the best Android phones.

5. Xiaomi Mi 11

5. Xiaomi Mi 11: The Xiaomi Mi 11 is one of the best premium phones you should consider buying, as it’s well-specced in almost every department: it has super-fast processing, a high screen resolution with extra display modes, and some camera modes and features the competition lacks. It’s just a shame that the sub-par battery life and unreliable fingerprint scanners mar the experience.

6. Oppo Find X3 Pro

6. Oppo Find X3 Pro: The Find X3 Pro is a flagship’s flagship, a phone that’s deliriously expensive and not ashamed of it. But if you are willing to spend that kind of money, then this is the right phone for you. The display is the best around, the charging speeds and battery life are both exceptional, and the two main camera lenses will be hard to beat - and that's not even mentioning the first-of-its-kind microlens camera.

7. Realme GT

7. Realme GT: The Realme GT is a powerful little Android smartphone with a top processor, fast charging and a svelte build. There’s a lot to like about it, most importantly the price, as this device is a lot more affordable than its specs suggest, and so if you’re on the market for a budget beast it’s a great choice. A few small issues, like software bugs and poor heat management, don’t detract much from the overall package.

8. Samsung Galaxy S20

8. Samsung Galaxy S20: Samsung's Galaxy S20 is a solid, affordable 5G phone that offers most of what makes Samsung flagships so good in a cheaper, colorful package. It features a 6.2-inch screen with a fast 120Hz refresh rate, 5G download speeds (when available), high-spec cameras on both sides of the phone (12MP + 64MP + 12MP), and a large battery to power (4,000 mAh/4500mAh).

9. OnePlus 9

9. OnePlus 9: This phone came to fix the most obvious flaws in the OnePlus, as it came with better cameras (48MP + 50MP + 2MP). So if you're looking for a value flagship and want a phone with a gorgeous design, the latest hardware, stellar cameras, fast charging, and clean software, the OnePlus 9 is the obvious choice.

10. Asus ROG Phone 5

10. Asus ROG Phone 5: The ASUS ROG Phone 5 is designed for gamers. It has an incredible build, a stunning 144Hz AMOLED display, and is paired with a massive 6,000mAh battery and 65W wired fast charging. There are also great accessories and extras to help you get the most out of your mobile gaming experience.

1. Samsung Galaxy S21 Ultra
2. OnePlus 9 Pro
3. Samsung Galaxy S21
4. Samsung Galaxy Note 20 Ultra
5. Xiaomi Mi 11
6. Oppo Find X3 Pro
7. Realme GT
8. Samsung Galaxy S20
9. OnePlus 9
10. Asus ROG Phone 5
1. Jack Dorsey

1. Jack Dorsey: the CEO of Twitter and Square , His love for BTC dates back to 2017 when he started advocating for the king coin. Dorsey was unfazed, calling Bitcoin the future world currency, despite the digital currency being at its lowest point in several years. In March 2019, Dorsey returned to spending several thousand dollars each week to buy bitcoin, and in October 2020, Square bought 4,709 bitcoins under his supervision.

2. Mike Tyson

2. Mike Tyson: The famous former boxer and social media star Mike Tyson saw the potential in Bitcoin earlier than most celebrities. He was proud to be part of the digital revolution, partnering with Bitcoin ATM manufacturers, a move that saw BTC ATMs bear tattoos of his face. Not forgetting to mention that “Iron Mike” teamed up with Bitcoin Direct to launch a BTC mobile wallet.

3. Maisie Williams

3. Maisie Williams: The Game of Thrones star Maisie Williams got on the Bitcoin train in November 2020 after she asked her Twitter followers for advice on buying bitcoin. Although the majority of responses were advising her not to, but she did it anyway.

4.Mark Cuban

4. Mark Cuban: Shark Tank star and Dallas Mavericks owner, Mark Cuban, whose net worth is estimated at $4.2 billion has an ambivalent love-hate relationship with bitcoin. At one point advising people to invest at least 10% of their wallet in Bitcoin, then later admitting that he preferred bananas over this currency. In April 2020, he revealed his bitcoin holdings, which were valued at a paltry $130 (now worth around $635). However, Cuban later clarified that he has held many other cryptos since the early days of Coinbase.

5.Snoop Dogg

5. Snoop Dogg: Snoop's experience with bitcoin began during the early days of bitcoin in 2012. He made his music available for purchase with BTC. Each poster album had a price of 0.3 BTC, which is roughly $14,000 at the current bitcoin price. So far he didn't mention how many albums he has sold and it is not known how much BTC he owns.

6. Steven Seagal

6. Steven Seagal: Actor and teacher of aikido martial arts has been a popular face in the cryptocurrency world, but his actual Bitcoin holdings are unknown. In 2020, the US Securities and Exchange Commission indicted him for "unlawfully touting" a BTC competitor, and the martial arts star agreed to pay a $314,000 fine.

7. Kanye West

7. Kanye West: Kanye West voiced his support for the most popular cryptocurrency, stating that bitcoin "is America's true liberation." However, it is not yet clear how much bitcoin the American rapper owns.

8. Floyd Mayweather Jr.

8. Floyd Mayweather Jr.: The famous professional boxer is among the top celebrities who own bitcoin. In 2017, he tweeted that he was in Beverly Hills spending his bitcoin wealth. In 2018, he was fined by the SEC, alongside DJ Khaled, for promoting an illegal initial coin offering (ICO).

9. Richard Branson

9. Richard Branson: is a British businessman and founder of the Virgin Group. In 2014, Branson joined a $30 million funding round from BitPay, a Bitcoin payment processing platform. Although he did not announce his position or how much BTC he owns, he did state that he is aware of the “potential benefits of real Bitcoin developments.”

10. Elon Musk

10. Elon Musk: the Technoking of Tesla is likely the Bitcoin community’s most influential individual despite constantly poking fun at crypto on Twitter But at the same time, he is the most influential person in the cryptocurrency world. In January 2021, all hell broke loose after he added “#Bitcoin” to his Twitter bio, causing BTC’s price to spike by 25% also he announced that his company made a purchase of $1.5 billion in BTC, which represents 7.7% of Tesla's total cash position and approximately 15% of its net cash position.

1. Jack Dorsey
2. Mike Tyson
3. Maisie Williams
4.Mark Cuban
5.Snoop Dogg
6. Steven Seagal
7. Kanye West
8. Floyd Mayweather Jr.
9. Richard Branson
10. Elon Musk
1. Huda & Mona Kattan

1. Huda & Mona Kattan: Huda Kattan started her career as a blogger in 2010.. In 2013, Huda decided to partner with her sisters Mona and Alya to transform her successful blog into a beauty brand in 2013, starting out by selling false eyelashes at cosmetics store Sephora. Today, Huda Beauty is one of the most known make-up brands globally, and its sub-brand, Kayali Fragrances which Mona founded in 2018 is flourishing too. In 2020, Forbes estimated the annual sales of the Huda Beauty to be around $250 million.

2. Reem Acra

2. Reem Acra: Reem Acra is one of the icons in the fashion industry, regionally and internationally. She started her career by launching Reem Acra New York in 1997. She then established her ready-to-wear collection in 2001. Acra recently collaborated with Snapchat to launch her spring 2021 collection. It’s worth mentioning that Acra’s fabulous designs have been worn by celebrities such as Angelina Jolie, Jennifer Lopez, Beyonce, Halle Berry, and Selena Gomez.

3. Azza Fahmy, Amina & Fatma Ghali

3. Azza Fahmy, Amina & Fatma Ghali: Driven by a strong passion for jewellery design, Azza Fahmy boldly ventured into a bustling market in Cairo and convinced a master goldsmith to take her on as an apprentice. She became the first woman in Egypt to enter the jewellery trade this way. Today, Fahmy’s designs have been worn by celebrities such as Julia Roberts, Amy Adams, Raya Abirached, and Yousra. Fahmy’s two daughters, Fatma and Amina Ghali, are the company’s CEO and Head Designer, respectively.

4. Dima Rashid

4. Dima Rashid: Although Dima Rashid majored in Psychology and minored in Political Science, her passions were mainly in the design and jewellery field. Today, Dima Rashid’s jewellery line, Dima, has been worn by a wide range of celebrities, including Queen Rania, Oprah Winfrey, and Gigi Hadid. And it is being stocked everywhere, from Harvey Nichols to Erickson Beamon.

5. Gemy Maalouf

5. Gemy Maalouf: Inspired by her father’s fabric factory, Maalouf decided to open her first atelier in Beirut in 1996. Today, you can see Maalouf’s designs in 48 different countries and if you google her name, you’ll find her outstanding designs on celebrities such as Lady Gaga, Kesha, Kelly Clarkson, and Kat Dennings.

6. Nour Hammour

6. Nour Hammour: The French-Lebanese designer Nour Hammour founded her brand in 2013. Today, the Parisian label — favored by Bella Hadid, Kendall Jenner and Hailey Bieber — managed to build a growing business out of its customizable leather jackets and saw sales triple during lockdown. Hammour’s designs are sold online at Moda Operandi, Saks fifth avenue, and Intermix, among others, as well as points of sale across Europe, the Middle East, and the Americas.

7. Razan Alazzouni

7. Razan Alazzouni: The Saudi designer founded her brand in 2008. Razan’s clothing is all about exuding the femininity, delicacy and grace of the female form. She derives most of her inspiration from women themselves and their natural poise. Alazzouni’s designs have been seen on stars such as Elizabeth Banks and Kendall Jenner. In 2020, she launched her first children’s wear collection in collaboration with Kuwait’s MoonChild . In July 2021, the label introduced its first kids capsule collection.

8. Andrea Wazen

8. Andrea Wazen: The Lebanese designer Andrea Wazen launched her brand in 2013 in Beirut after studying and getting her inspiration from the major capitals of fashion. Wazen aims at supporting local artisans by designing and producing her pieces in Beirut. Her designs have been worn by celebrities such as Kylie Jenner, Jennifer Lopez, Catherine Zeta Jones, Hailey Bieber, Emilia Clarke, and Demi Lovato.

9. Sandra Mansour

9. Sandra Mansour: The French-Lebanese designer launched her ready-to-wear brand in Beirut in 2010. In August 2020, she launched her “Fleur du Soleil” collection with H&M. Her designs have been seen on celebrities including Gigi Hadid, Sarah Jessica Parker, Anya Taylor Joy, Ellie Goulding, and Lady Gaga.

10. Jude Benhalim

10. Jude Benhalim: In 2011, the 17-year old aspiring Jude Behalim founded her jewelry brand. The young entrepreneur gets her inspiration from architecture and her Middle Eastern roots. Her pieces have been worn by celebrities such as Kendall Jenner, Chrissy Teigen, and Adriana Lima.

1. Huda & Mona Kattan
2. Reem Acra
3. Azza Fahmy, Amina & Fatma Ghali
4. Dima Rashid
5. Gemy Maalouf
6. Nour Hammour
7. Razan Alazzouni
8. Andrea Wazen
9. Sandra Mansour
10. Jude Benhalim
1. Beit El Laffé

1. Beit El Laffé: Pascale Laffe opened Beit El Laffe in 2019, after renovating her family home in Achrafieh in Beirut. The three-bedroom guesthouse and its garden offer travellers and Beirutis a quiet escape from the chaos of city life. The interior is romantic and bohemian, with furniture and decorations acquired by Pascale from around the world.

2. Sip Cafe

2. Sip Cafe: Established in 2017 at Gemmayze District in Beirut. Sip feels like a neighborhood cafe and operates as a ceremonious setting for coffee lovers to enjoy their beverages.

3. By The Slice

3. By The Slice: It is a restaurant located in the Mar Mikhael neighborhood, which was severely damaged in Beirut’s explosion. The restaurant serves the pizza in the known New Yorker style.

4. Kalei Coffee Co.

4. Kalei Coffee Co.: Kalei is a local coffee shop and micro-roastery in Beirut. There are two branches of this café in Beirut, one located in Mar Mikhael and the other in Ras Beirut.

5. Andrea Wazen

5. Andrea Wazen: The Lebanese designer Andrea Wazen launched her brand in 2013 after studying and getting her inspiration from the major capitals of fashion. Wazen’s boutique was severely affected by the explosion, but she managed to reopen its doors again to its loyal customers.

6. Hotel Lost

6. Hotel Lost: Michel Abchee and his wife Johanna opened Hotel Lost in 2019, after purchasing a derelict building on the main street of Gemmayze that was affected by Beirut’s explosion. The boutique hotel is located at the bottom of Beirut’s famous St Nicolas stairs and has 12 bedrooms, a restaurant and a bar for guests visiting Lebanon’s capital.

1. Beit El Laffé
2. Sip Cafe
3. By The Slice
4. Kalei Coffee Co.
5. Andrea Wazen
6. Hotel Lost

Business Insights

IT and Technology
IT and Technology
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Oil and Renewables
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Oil prices slip, demand concerns outweigh Saudi output cut
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Travel and Tourism
Travel and Tourism
Etihad Holidays Unveils Unbeatable Summer Offers: Experience Luxury and Savings
Escape the summer heat with cooler air fares from Etihad Airways
Intercontinental hotels at Dubai festival city summer offers
Special Saudi visa for investors
Rixos Alamein Awarded by Tripadvisor in 2023 Travelers’ Choice Best of the Best Family-Friendly Hotels
Economy and Policy
Economy and Policy
Bonds suffer globally as central banks hike interest rates
China exports, imports plummet in May
Oil prices slip, demand concerns outweigh Saudi output cut
World Bank cuts Arab region’s growth forecasts
Tunisia: Italy pledges aid, support with IMF talks
Banking and Finance
Banking and Finance
Abu Dhabi Securities Exchange and the Luxembourg Stock Exchange sign Memorandum of Understanding
NBB Announces Winner of UEFA Champions League Campaign for Mastercard Cardholders
Bonds suffer globally as central banks hike interest rates
Oil prices slip, demand concerns outweigh Saudi output cut
Gold rates in Jordan Today Thursday 8 June 2023
Infrastructure and Property
Infrastructure and Property
Azizi Developments collaborates with leading Spanish manufacturer Cosentino
Aldar education unveils Aldar academies’ fresh identity marking 15 years of providing academic excellence
Diyar Al Muharraq Announces Over 50% Completion on Second Phase of Al Naseem Villas
Ellington Properties named as the Fastest Growing Real Estate Brand globally
New plan unveiled for Jebel Ali Palm artificial Island in Dubai
Transport and Aviation
Transport and Aviation
Nissan presents seven milestones that mark the patrol’s seven-decade legacy
Ferrari World Abu Dhabi launches the new edition of ‘Formula Run’
Jazeera Airways highlights ESG efforts in first sustainability report
Nissan Formula E Team takes double top-five finish in Jakarta
JAGGAER announces new Chief Executive Officer, Andy Hovancik
Education and Employment
Education and Employment
UAE workers open to new opportunities – study
Some UAE workers to enjoy 3-day weekend: New law
Abu Dhabi University Celebrates 1,516 Graduates from across 50 programs
New York University Abu Dhabi Selects Dell Technologies’ High-Performance Servers to Power R&D Capabilities
59% of MENA investors plan to move their assets to another provider within three years
Goods and Services
Goods and Services
Dubai International Chamber boosts bilateral trade and investment with launch of new Singapore office
ADNIC renews partnership with Emirates Nature-WWF
China exports, imports plummet in May
Red Hat Unveils Red Hat Developer Hub to Help Fuel Developer Productivity
Dubai International Chamber attracts five MNCs and 20 SMEs during Q1 2023

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