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Gold
December 23rd, 2025 - 09:37 GMT
Al Bawaba Staff

Al Bawaba Staff

Gold prices hit record high due to US-Venezuela tensions

ALBAWABA - Gold prices reached a record high of $4,426.66 per ounce on Tuesday, amid heightened geopolitical and financial tensions, including the US's attempts to seize Venezuelan oil tankers. The BBC reported that the price of the metal increased after news that the US central bank will cut interest rates in 2026. Additionally, silver prices also jumped after hitting an all-time high of $69.44 yesterday. Gold prices hit record high ...
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The Qatari market has also met the quantitative requirements as defined for emerging markets. (Image credit: Shutterstock)
November 13th, 2013 - 05:00 GMT

The newest emerging market in the Middle East

  The return of Iran to the international community would be beneficial for its neighboring countries including the Persian Gulf Arab states, the top international oil executive has said.
November 13th, 2013 - 04:55 GMT

Total totally ready to resume business with Iran

Egypt and the IMF have had a sometimes tense relationship because of national pride and the international lender's efforts to persuade Cairo to undertake politically sensitive economic reforms such as subsidy cuts.
November 13th, 2013 - 03:55 GMT

IMF to Egypt: I'm available and still interested

The Q7 model is Audi's highest-selling vehicle in the Middle East (Courtesy of Audi)
November 12th, 2013 - 02:28 GMT

Middle East's demand for Audi is driving sales to new records

Sotheby's Middle East headquarters in Riyadh is set to open before the end of the month (Courtesy of Bloomberg)
November 12th, 2013 - 01:50 GMT

Luxury realtor Sotheby's set to come to this GCC city by end of Nov

The proposed Islamic corporate governance center represents one of the first times that Dubai has attempted to standardize Islamic guidelines for corporate behavior beyond bank and insurance institutions (Courtesy of Emirates 247)
November 12th, 2013 - 01:28 GMT

Dubai slated to open first Islamic corporate governance center

Lower oil prices and decreases in global demand further serve as a "deficit threat" for many Arab states since oil export receipts currently account for 80 percent of government revenues throughout the GCC (Shutterstock)
November 12th, 2013 - 01:06 GMT

IMF warns Arab oil states of projected deficits by 2016

The South African-based MTN group has selected Etisalat SmartHub to extend its regional network reach in the Middle East (Courtesy of Ventures Africa)
November 12th, 2013 - 11:37 GMT

Leading African telecom provider partners with Etisalat

Inflation in Iran is at a staggering 39%. (Image credit: Shutterstock)
November 12th, 2013 - 06:00 GMT

IMF and Iran meet to discuss measures to curb inflation

More people in the GCC will be swapping out their old bulbs for energy efficient LEDs. (Image credit: Shutterstock)
November 12th, 2013 - 05:41 GMT

LED production in GCC to triple revenue in the next five years

Despite regional challenges, Air Arabia posted an impressive growth in revenue for the first nine months of the year. (Image credit: Shutterstock)
November 12th, 2013 - 05:28 GMT

Low cost airline pioneer's revenues take off

"No country is taking the lead, it is an Egyptian project," said the country's investment minister.
November 12th, 2013 - 04:55 GMT

Egypt to finalize tender for Suez Canal development, but this time along, Qatar stands no chance

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