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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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Abdel Nour said the government has begun taking concrete steps to address the current energy crisis in Egypt.
September 11th, 2014 - 09:49 GMT

Rekindling the fire: Egypt to consult with IMF about venues for mutual cooperation

Al Bawaba
September 11th, 2014 - 08:55 GMT

No drumbeats here: Apple quietly kills off the iPod Classic

Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
September 11th, 2014 - 01:47 GMT

A 'remarkable slowdown': oil hits two-year low as supplies flood in

Al Bawaba
September 11th, 2014 - 03:55 GMT

Dubai relaunches ambitious mega-project to attract 120 million passengers a year

"It's become obvious that workplace safety is a vital issue. A plan of action will be put together and unveiled," Arinc, who is also the government spokesman, told reporters.
September 11th, 2014 - 03:55 GMT

Elevator incident places turkey's worker safety, or lack thereof, under the spotlight again

“Saudi Arabia has already shown strong interest in strengthening its green building presence."
September 11th, 2014 - 03:55 GMT

Green flag, green economy: Saudi Arabian investments in green projects to exceed $26 billion

"Importing natural gas from Cyprus is very feasible for Jordan as Cyprus has a very good reserve of natural gas that can contribute to meeting Jordan's needs of gas," he added.
September 11th, 2014 - 12:01 GMT

Israeli gas not doing it? Jordan, Cyprus to agree on gas deals 'within weeks'

The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt.
September 10th, 2014 - 03:31 GMT

Despite the IMF's lack of involvement: GCC aid will be 'enough' to keep Egypt afloat, says Merril Lynch

 A consortium of international fragrance retailers has launched the International Group of Luxury Fragrances in Saudi Arabia.
September 10th, 2014 - 03:20 GMT

What's the lovely smell? Consortium of luxury fragrances comes to Saudi Arabia

Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.
September 10th, 2014 - 03:12 GMT

European bank 'committed' to Jordan's economic development

Al Bawaba
September 10th, 2014 - 02:39 GMT

Worried about a downslide? Saudi Arabia asks OPEC to cut oil output

Al Bawaba
September 10th, 2014 - 02:09 GMT

A mere coincidence? Former Apple CEO announces plan to break into the MENA market

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