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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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Egypt’s real GDP in FY 2013/2014 reached 2.2 percent, almost the same as in the preceding fiscal year.
October 14th, 2014 - 12:47 GMT

Accumulating optimism: Egypt GDP to grow 6% by 2018

Al Bawaba
October 14th, 2014 - 12:15 GMT

GCC ministers meet in Kuwait to discuss boosting tourism sector

Al Bawaba
October 14th, 2014 - 11:36 GMT

Etihad Airways revenues sky rocket by $1.8 billion in Q3

The Central Bank chief also explained that he requested the IMF send a delegation to Lebanon "to evaluate the cost borne by the country as a result of receiving displaced Syrians."
October 13th, 2014 - 11:14 GMT

You have our blessings: IMF 'satisfied' with Lebanon's economic performance

Bourses in the region posted their biggest losses in years on Sunday as global markets' decline at the end of last week served as a trigger for aggressive profit-taking.
October 13th, 2014 - 10:53 GMT

The panic attack has passed: ME stock markets rebound from global sell-off

Eligible patients can call Abu Dhabi Telemedicine Centre’s UAE toll free number 800-4959 any time of the day or night for a teleconsultation.
October 13th, 2014 - 09:24 GMT

24/7 healthcare phoneline comes to UAE

Kuwaiti logistics firm Agility said on Monday that a wholly owned unit had won an $82.5 million contract from Britain’s Ministry of Defence.
October 13th, 2014 - 12:16 GMT

Kuwait's agility wins British military contract

Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, sources briefed by OPEC’s biggest producer have told Reuters.
October 13th, 2014 - 11:59 GMT

The $100 dollar days seem to be over: oil prices plummet to 4-year low and not even Saudi Arabia can do anything about it

In August, the capital market rose to the 9,000 points for the first time since 2008.
October 13th, 2014 - 03:55 GMT

Shedding the pounds: Egypt's stock market loses almost $2 billion

The pull back then snowballed due to panic selling and, possibly, margin calls, according to market players.
October 12th, 2014 - 11:55 GMT

The snowball effect: Saudi, UAE stock markets tumble after global sell-off

The expected visit will also involve forming a joint expert group from the four countries.
October 12th, 2014 - 11:36 GMT

What's their secret? Notable increase in Egyptian exports to Russia

The consortium is led by Faiz Al-Abideen, a prominent Saudi businessman and adviser to members of the royal family, whose group has built 17 power plants in Saudi Arabia and abroad.
October 12th, 2014 - 10:44 GMT

Saudi Group joins consortium for in $4.5 billion Indian project

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