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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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Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country.
August 13th, 2014 - 07:52 GMT

If only it managed to go back to producing its own: Egypt, Russia mull free trade zone over wheat imports

The Dubai-based carrier is the world's largest operator of the A380 jets. In November, it announced plans to buy another 50 from the European planemaker at the Dubai Air Show.
August 13th, 2014 - 07:37 GMT

A tad unreasonable? Emirates agrees to $425 million loan to finance superjumbos

UAE nationals topped the list with Dh12.5 billion ($3.5 billion), .
August 13th, 2014 - 07:06 GMT

Too many eggs in the same basket? GCC investors spent $5 billion in 2014 alone on Dubai's real estate

Al Bawaba
August 13th, 2014 - 11:10 GMT

Documenting financial (mis)behaviour: Al Etihad Credit Bureau to begin issuing consumer credit reports


UAE was ranked the top country in the Middle East based on passengers carried.
August 13th, 2014 - 10:52 GMT

The link between East and West? Middle East airlines carried 158 million passengers in 2013

The 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
August 12th, 2014 - 10:21 GMT

Understanding the 'Arab Spring', years later: over 50% of Egypt's youth are poor

Al Bawaba
August 12th, 2014 - 03:08 GMT

Time for the trend to be reversed? Dubai experiences lowest hotel occupancy rate in 18 years

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
August 12th, 2014 - 02:29 GMT

GCC energy sectors to vicariously profit from China, India's increased industrial activity

Jordan's credit challenges lie mostly in its fiscal and external accounts.
August 12th, 2014 - 02:21 GMT

Despite all stability, Moody maintains B1 credit rating for Jordan


Carrefour had the most significant climb up the Top 10 over the first six months of the year, jumping up five places from ninth to fourth.
August 12th, 2014 - 12:44 GMT

Samsung snatches Google's reign in the UAE

To counter supply outages in Iraq and among other OPEC producers, Saudi Arabia has maintained a high level of oil output
August 12th, 2014 - 03:55 GMT

Profiteering off regional tensions? Saudi Arabia to pump more oil in 2014

Al Bawaba
August 11th, 2014 - 11:13 GMT

Robin Hood style? Long Live Egypt Fund to accept donations from Mubarak-era convicted businessmen

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