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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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Egyptian exports of natural gas and derivatives declined by approximately 75% during June to $19m,
August 17th, 2014 - 03:55 GMT

A lose-lose situation: Egyptian suspension of gas supplies to Jordan and leads to 75% decline in exports

Apple Inc. signaled Saturday that it would be expanding its retail operations to the Gulf, posting job ads for a range of positions in the United Arab Emirates.
August 17th, 2014 - 03:55 GMT

A lucrative setting: Apple to expand retail operations in the Gulf through establishing official stores

 Drake & Scull’s profit for the period dropped to 25.9 million dirhams from 44 million dirhams a year earlier.
August 14th, 2014 - 10:25 GMT

A bad omen: Dubai's two biggest builders face late payments

Lebanon’s Parliament has not approved a budget since 2005.
August 14th, 2014 - 09:57 GMT

Floating wiithout an official budget since 2005: salaries of Lebanese civil servants to 'dry up soon'

The company said it plans to float a tender, inviting bids from pre-qualified companies for constructing the first package of the 170-km Sohar-Buraimi route this month.
August 14th, 2014 - 09:51 GMT

Oman to float tender for national rail project this month

The move into Eritrea is in line with the airline’s ongoing strategy to serve emerging markets largely underserved by international airlines.
August 14th, 2014 - 09:43 GMT

Taking the unconventional route: Qatar Airways introduces flights to Eritrea

Upon the recommendation of Transport Minister Lina Shbeeb, the Cabinet also approved the draft agreement between the governments of Jordan and India on marine transport cooperation.
August 14th, 2014 - 11:37 GMT

From natural gas to nuclear energy: Jordan's cabinet approves series of transformative projects

Al Bawaba
August 14th, 2014 - 11:19 GMT

Lebanese woman becomes Columbia University's first female dean

 
An energy powerhouse, Iran has the second-largest reserves of natural gas in the world after Russia,
August 14th, 2014 - 11:06 GMT

Exploiting a 'gray area': Iran sidesteping international sanctions through gas byproducts

Al Bawaba
August 13th, 2014 - 09:40 GMT

Dodging the bullet? No annual rent hikes to be allowed in Sharjah

The airport is set to open in 2017 and will be the largest airport in the world, serving 150 million passengers annually.
August 13th, 2014 - 08:41 GMT

He's really not going anywhere: Istanbul's new airport to be named after Erdogan

Egyptian guest workers represent the majority of the 108 nationalities working in the Kingdom, constituting 62 per cent of the total number of guest workers.
August 13th, 2014 - 08:09 GMT

Jordan hosts workers from 108 nationalities, mostly Egyptians

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