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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 announcement came after Madbouly’s visit  to the United States this week to meet with World Bank officials, a Tuesday statement from the ministry said.
September 25th, 2014 - 04:55 GMT

World Bank to grant Egypt $1.5 billion for sanitation, housing projects

Jordan has the highest rates of ICT services in the Middle East and North Africa (MENA)
September 25th, 2014 - 04:55 GMT

Jordan ICT sector best in the Middle East, according to Ericsson

Al Bawaba
September 25th, 2014 - 03:55 GMT

One last shot? Blackberry to introduce unconventional smartphone 'passport'

Europe does not have the infrastructure to accept LNG in major quantities.
September 24th, 2014 - 12:04 GMT

Not a saviour: Qatar says it won't liberate Europe from dependency on precarious Russian gas

DAMAS, the Middle East's leading jewelry and watch retailer, has bolstered its presence in the region with the launch of its first luxury boutique in Riyadh, Saudi Arabia.
September 24th, 2014 - 11:51 GMT

A gem in the middle of the desert: Damas to open first luxury boutique in Saudi Arabia

The Global Infrastructure Investment Index ranks the world’s 41 most dynamic countries with the greatest potential for growth and investment in their economic infrastructure.
September 24th, 2014 - 03:55 GMT

UAE overtakes Canada in terms of infrastructure investment

According to Israeli military experts, the country's submarines could be used as a second strike capability in case of an Iranian attack using non-conventional weapons.
September 24th, 2014 - 03:55 GMT

A historic irony: Germany supplies Israel with world's most advanced submarine

Dozens of Chinese firms are producing and exporting "tools of torture", from electric stun guns to metal spiked batons, to countries with bad human rights records, rights group Amnesty International said on Tuesday.
September 23rd, 2014 - 01:56 GMT

Could the Middle East be an importer? Chinese firms top producers of 'tools of torture'

Al Bawaba
September 23rd, 2014 - 01:10 GMT

Expats mull returning home: Dubai housing prices rise to Manhattan-level peaks

Al Bawaba
September 23rd, 2014 - 12:48 GMT

A plethora of trial errors and excluded evidence: Arab Bank to appeal liable verdict on supporting Hamas by New York court

Both Kuwait and Bahrain are expected to witness a major surge in the value of infrastructure projects this year, according to the report
September 23rd, 2014 - 04:55 GMT

An impending infrastructure 'explosion': GCC construction sector to hit $86 billion in 2014

 A positive response from bank customers to use their Emirates ID cards as ATM cards proves the UAE’s residents’ keenness to adopt latest technologies without any apprehension.
September 23rd, 2014 - 03:55 GMT

UAE residents can now use ID's as ATM cards

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