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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 airline will also operate four flights a week to the world-class tourism and economic hub, Hong Kong, and three flights a week to Algeria’s vibrant capital and largest city, Algiers.
July 13th, 2014 - 03:47 GMT

The best is yet to come: Etihad airways to launch 6 new routes in the first half of 2015

The results indicate increases of 35 per cent in tourists from the UAE, 6.3 per cent from Saudi Arabia and 10.8 per cent in tourists from Kuwait.
July 13th, 2014 - 03:26 GMT

The best kind of 'aid': UAE tourists to Egypt climb 35%

Iran’s Targeted Subsidy Reform remains one of the most ambitious attempts to reform subsidies in an energy-exporting country.
July 13th, 2014 - 01:11 GMT

Applauded, for once: IMF declares Iran's subsidy reform program a success

Yemen has struggled to pay public sector salaries and finance food and energy imports, which has led to power cuts and fuel shortages
July 13th, 2014 - 03:55 GMT

Yemen clamps down on public spending, bans business class travel for ministers

Historically, Iran’s economy has been heavily dependent on oil, and the fluctuations of oil prices and exports over the years have directly influenced the government’s budgets and actions.
July 13th, 2014 - 03:55 GMT

True competition with Saudi Arabia? Iran promises an economy independent of oil

Efforts to reach agreement on a new government in Baghdad to confront the insurgents have been complicated by the tensions between Maliki and the Kurds.
July 13th, 2014 - 03:55 GMT

The deadlock deepens further: Kurdistan seizes two oil fields, state-owned oil company

A number of foreign partners have reduced investments in the sector for the upcoming period, which will cause average natural gas production to stabilise.
July 13th, 2014 - 02:14 GMT

Egypt marks the end of subsidies with $6.3 billion in debt to foreign oil and gas companies

“We are close to an agreement on holding a Parliament session on July 17 to pass laws adopting the new salary scale and government expenditures,” the source said.



Read more: http://www.dailystar.com.lb/News/Lebanon-News/2014/Jul-11/263496-wage-hike-breakthrough-expected-next-week.ashx#ixzz377kRp4Ue 
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
July 11th, 2014 - 02:42 GMT

'Breakthrough' in public wages expected in Lebanon next week

The world’s most expensive cities for expats are both in Africa. Luanda in Angola is ranked first for the second year, followed by N’Djamena in Chad.
July 11th, 2014 - 02:38 GMT

Beirut, Dubai take the lead: new survey reveals the Middle East's most expensive cities for expats

Al Bawaba
July 11th, 2014 - 02:21 GMT

Lasting a while: Egypt boasts 6-month supply of wheat

Boeing expects airlines to buy 25,680 new single-aisle planes over 20 years,
July 11th, 2014 - 01:11 GMT

The wonders of a single-aile plane:Boeing expands 2030 demand forecast to $3.5 trillion

Al Bawaba
July 10th, 2014 - 12:31 GMT

No Ramadan amnesty: 2200 'illegal' expats taken in Saudi Arabia

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