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Market shock: Silver sets record while gold and platinum soar
December 26th, 2025 - 11:07 GMT
Osama Ali

Osama Ali

Market shock: Silver sets record while gold and platinum soar

ALBAWABA - Silver broke the $75-per-ounce barrier for the first time on Friday. Gold and platinum also hit record highs, driven by anticipations of more U.S. interest rate cuts and escalating global geopolitical tensions. In spot trading, gold prices saw a significant increase, reaching approximately $4,512 an ounce. This followed a brief period where they surpassed $4,530 earlier in the day. U.S. gold futures also rose, suggesting ongoing investor interest ...
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The increasingly important region is renowned for its discerning customers, who appreciate the unique combination of luxury and performance offered by Bentley.
December 9th, 2014 - 04:55 GMT

Thank you, Dubai police? More Bentley's to come to the Middle East

Earlier in October, Governor of the CBE Hisham Ramez announced the payment of $500m to Qatar.
December 9th, 2014 - 04:55 GMT

Repaying Qatar brings down Egypt's reserves by $1.1 billion in one month

Official figures show that more than 30 million people out of Iran's total population of 75 million use the Internet.
December 9th, 2014 - 04:55 GMT

Iran says it will 'identify' each and every web surfer

At a meeting last month, top oil exporter Saudi Arabia resisted calls from poorer members of the Organization of the Petroleum Exporting Countries to reduce production
December 8th, 2014 - 05:27 GMT

Oil prices hit new five year low

Al Bawaba
December 8th, 2014 - 05:07 GMT

I bet you thought Dubai was not oil dependent! Dubai leads losses as GCC stocks tumble

Al Bawaba
December 8th, 2014 - 04:58 GMT

Around the universe: Emirates' very own private jet flew 450 hours in 2014

Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
December 8th, 2014 - 03:01 GMT

All is pegged to oil? Saudi construction firms' profit plunges 39%

The resurgence in US hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
December 8th, 2014 - 02:33 GMT

An economic comeback? US experiences highest job prospects since 1999

Soaring energy use and inadequate gas supplies have spurred the UAE to look to nuclear power to diversify its energy sources beyond
December 8th, 2014 - 01:13 GMT

A $20 billion project: UAE first nuclear reactor to come into operation in 2017

Rouhani admitted the budget for the fiscal year starting in March 2015 "would be under pressure" given the big fall in oil prices in recent months
December 8th, 2014 - 12:40 GMT

Denial is unaffordable: Iran unveils revised budget based on lower oil prices

 "Israel is of course exceptional, because it had no severe economic crisis, because you listened to Stanley Fischer's advice," he said
December 8th, 2014 - 05:55 GMT

'Israel to overtake US in economic inequality,' says Obama Advisor.

Located in the incubator building at Masdar City, the centre is a reconfigurable, multi-purpose facility and will not be restricted to providing only security solutions.
December 8th, 2014 - 05:55 GMT

More like a weapons deal? US defense firm to open new 'innovation' centre in the UAE

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