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Banking and Finance

Banking and Finance latest

Gold
December 23rd, 2025 - 09:37 GMT
Al Bawaba Staff

Al Bawaba Staff

Gold prices hit record high due to US-Venezuela tensions

ALBAWABA - Gold prices reached a record high of $4,426.66 per ounce on Tuesday, amid heightened geopolitical and financial tensions, including the US's attempts to seize Venezuelan oil tankers. The BBC reported that the price of the metal increased after news that the US central bank will cut interest rates in 2026. Additionally, silver prices also jumped after hitting an all-time high of $69.44 yesterday. Gold prices hit record high ...
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Egypt's foreign reserves have dropped by more than fifty percent since January 2011. (File photo)
March 7th, 2016 - 09:00 GMT

Egypt's Central Bank holds 'exceptional' auction of $500M to cover basic commodities

MENA markets ended February in green, but pressures remain due to falling oil prices. (File photo)
March 7th, 2016 - 05:30 GMT

Qatar considering international debt markets to bridge deficit

During the meeting
March 7th, 2016 - 05:30 GMT

FGB announces 100% cash dividend for 2015 at Annual General Meeting

The expected failure of Parliament to ratify the budget and Cabinet to approve two critical oil decrees weighs heavy on the economy,” the survey said. (File photo)
March 6th, 2016 - 10:00 GMT

Lebanon braces itself for credit rating downgrade

Dubai Gold & Commodities Exchange
March 6th, 2016 - 09:32 GMT

DGCX welcomes INTL FCStone into its member community

Bank Nizwa
March 6th, 2016 - 05:50 GMT

Bank Nizwa partners with Islamic Finance News to bring first-of-its-kind industry seminar to Oman

Domty is Egypt's largest cheese producer by market share. (Domty)
March 3rd, 2016 - 05:00 GMT

Egypt: Domty IPO estimated at $327M

DIB Annual General Assembly Meeting 2016
March 2nd, 2016 - 07:37 GMT

Dubai Islamic Bank to distribute 45% cash dividend for 2015

Kevin Cha, Executive President, LG Electronics MEA inaugurating the GESS 2016
March 2nd, 2016 - 06:05 GMT

LG Showcases the 'Future Classroom’ at GESS 2016

The Central Bank will publish a list of the financial institutions involved, so that would-be beneficiaries may apply directly for loans. (Panoramio)
March 2nd, 2016 - 06:00 GMT

Jordan's SMEs get a $100M boost from Kuwait fund

Mr. Promoth Manghat, CEO, UAE Exchange, receiving the award from Mr. Andrew Neil, Chairman, ITP Publishing, the BBC Broadcaster and former Sunday Times editor - “Photograph, courtesy of ITP Executive Publishing”
March 2nd, 2016 - 05:59 GMT

UAE Exchange CEO wins the Finance CEO of the Year Award

D.r Adnan Chilwan, GCEO, and HR officials, DIB recieve ISO 90012008 Quality Management System certification
March 1st, 2016 - 11:18 GMT

DIB Human Resources Department achieves ISO 9001:2008 Quality Management System certification

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