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Historic Rally: Silver Breaks $75 while gold and platinum set new records
December 27th, 2025 - 05:53 GMT
Osama Ali

Osama Ali

Historic Rally: Silver Breaks $75 while gold and platinum set new records

ALBAWABA - Silver broke through the $75 mark on Friday, a historic first, as precious metals continued their ascent. This surge was fueled by investors looking for security in a world of uncertainty and the anticipation of U.S. interest rate reductions. Silver hit $75.9 per ounce, and gold followed suit, reaching a new peak of $4,531 per ounce, a fitting conclusion to a remarkable year for the metals. Silver has ...
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The government has projected a record $38.7 billion budget deficit for 2015 because of the plunge in oil prices.
February 9th, 2015 - 10:47 GMT

Coming to terms with reality: Saudi central bank governor calls for energy subsidy reform

Al Bawaba
February 8th, 2015 - 08:12 GMT

Dubai drops on list of world's most dynamic cities

Al Bawaba
February 8th, 2015 - 07:59 GMT

Stronger oil may support gulf stock markets

Jobs, high living costs and economic opportunities are the main worry for most Tunisians.
February 8th, 2015 - 07:35 GMT

Grand ambitions: Tunisia's new prime minister vows growth and reform

This comes despite the continuing deteriorating price of oil, with Ali Al-Naimi keeping his post as Saudi Arabia’s oil minister under King Salman
February 8th, 2015 - 01:45 GMT

Did the deed: King Salman's 'freebies' boosted economic activity

Al Bawaba
February 8th, 2015 - 05:55 GMT

More ludicrosity: Underwater villas go on sale on at Dubai's World Islands

Al Bawaba
February 8th, 2015 - 04:55 GMT

No more energy 'crunch'? Egypt working on oil and gas exploration deals worth $9.2 billion

Al Bawaba
February 8th, 2015 - 04:55 GMT

Israel's foreign reserve currency continues to fall

Al Bawaba
February 6th, 2015 - 09:01 GMT

Saudi, Dubai stocks pull back as oil prices fall

Al Bawaba
February 6th, 2015 - 08:41 GMT

A newfound patner: Arab exports to Brazil hit $11.4bn

Al Bawaba
February 6th, 2015 - 02:15 GMT

Out of its comfort zone: Dubai group to build $2.6bn luxury resort in Bosnia

Al Bawaba
February 5th, 2015 - 09:37 GMT

On again: Gulf states to deposit $10 billion in Egypt

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