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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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About 20,000 civil servants in the Gaza Strip went on strike Tuesday to protest the Palestinian unity government's refusal to pay military and security employees of Hamas.
November 5th, 2014 - 04:55 GMT

Long overdue wages: Gaza's civil servants go on strike

Between 2004 and 2013, the volume of trade increased by 21%, edging up from $41m to $165m.
November 5th, 2014 - 04:55 GMT

What dam debacle? Egypt, Ethiopia sign five economic agreements

 The initial public offering by the NCB, which was hoping to raise $6 billion, is one of the largest in the world this year and the biggest in the kingdom's history.
November 4th, 2014 - 05:29 GMT

Sixteen times oversubscribed: Saudi Arabia's 'mother of all IPO's' comes to an end

Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
November 4th, 2014 - 05:08 GMT

(Un)expected diversification: Kuwaiti company invests in Mexico's energy sector

Between 1980 and 2013, Saudi Arabia’s life expectancy at birth increased by 12.5 years
November 4th, 2014 - 04:55 GMT

A qualitative leap? Saudi Arabia education rating goes higher than global average

UAE firms saw output growth accelerate to an all-time high, with the subindex coming in at 66.1, up from 63.2 in September.
November 4th, 2014 - 02:05 GMT

Happy National Day, indeed! UAE business activity at all-time high

Non-Jordanian investors registered 4,263 buying transactions, 2,899 for apartments and 1,364 for lands.
November 4th, 2014 - 01:57 GMT

Fueled by Syrian 'refugees'? Jordan's real estate activity 'unabated'


Gold failed to find support from the physical markets in top consuming region Asia.
November 4th, 2014 - 01:37 GMT

Gold and silver lose their shine, near four-year low

Al Bawaba
November 4th, 2014 - 05:55 GMT

Oil prices take another hit

"The method of privatisation will be determined with the advisor," one of the banking sources told Reuters.
November 4th, 2014 - 04:55 GMT

Turkey revives plans to privatize major roads, bridges

There were 51,753 Saudis who visited Egypt in August - an increase of 254.3 percent compared with August 2013.
November 3rd, 2014 - 06:55 GMT

Back, after being told 'they're missed': Gulf tourists to Egypt increase 91%

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
November 3rd, 2014 - 05:55 GMT

A blessing in disguise? Only 7% of Egyptians have bank accounts

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