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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 granting of the Unit Three and Four construction licence followed an intensive 18-month review by about 200 FANR and other technical experts.
September 17th, 2014 - 03:55 GMT

Can't get enough? The UAE decides on two more nuclear reactors

Al Bawaba
September 16th, 2014 - 02:52 GMT

Egyptian court upholds jail sentence, $7 million fine against business tycoon Nassef Sawiris

Al Bawaba
September 16th, 2014 - 02:45 GMT

Arabtec 'unaware' that ex-CEO will sell his stake

ICD is also developing the new Atlantic Hotel and Resort in Sanya city in Hainan Province, China, in cooperation with Kerzner.
September 16th, 2014 - 02:31 GMT

How can a hotel possibly cost this much? UAE to direct sovereign wealth towards $1.5 billion hotel on Palm Jumeirah

Al Bawaba
September 16th, 2014 - 02:12 GMT

That's more than a billion a day: Egypt raises $8.5 billion in total for Suez Canal expansion project

The UAE's non-oil producing private sector companies posted a marked strengthening of business conditions in August, as new orders and output rose at accelerated rate
September 16th, 2014 - 04:55 GMT

Emerging markets hit highest note since March 2013

Al Bawaba
September 16th, 2014 - 04:55 GMT

Selling at double the pace of the iPhone 5, Apple swamped with iPhone 6 record-breaking pre-orders

Additionally, members of Hilton HHonors, the guest loyalty programme of Hilton Worldwide’s 11 distinct hotel brands, can earn points or airline miles at participating hotels worldwide
September 16th, 2014 - 04:55 GMT

Start packing? Hilton slashes prices for Eid holidays

Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
September 16th, 2014 - 04:55 GMT

Downgrades and upgrades: Greece, Qatar, and UAE to be reclassified as Emerging Status starting Sept. 22

Under the project, the capacity of the Mina al-Ahmadi refinery will drop to 347,000 barrels per day (bpd) from 466,000, while Mina Abdulla refinery’s capacity will rise to 454,000 bpd from 270,000.
September 15th, 2014 - 08:37 GMT

Kuwait's KNPC names advisor for $12 billion Clean Fuels Project

Also, the most popular university degrees for people in the UAE, according to another report from HSBC, are business and engineering, which are typically more expensive than non-vocational degrees.
September 15th, 2014 - 08:24 GMT

If only the quality rankings matched, the UAE comes as world's seventh most expensive place for university education

The majority of small companies in the region are aiming to grow staff numbers by more than 10 per cent, indicating rising optimism among businesses.
September 15th, 2014 - 04:44 GMT

Talk about an employment rush: 86% of GCC firms will be hiring in the next three years

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