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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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For the first time since the civil war began, the Syrian Pound has made gains against the US Dollar. (Image credit: Shutterstock)
November 6th, 2013 - 05:57 GMT

Why the Syrian Pound surged against the US Dollar last week

The Kingdom Tower will be the tallest building in the world. (Image credit: pinnaclelist.com)
November 6th, 2013 - 05:32 GMT

British firm wins contract to manage construction of world's tallest building

A German government spokeswoman, contacted by AFP, declined to comment and would not confirm or deny the reported letter.
November 6th, 2013 - 04:55 GMT

But why? Saudi Arabia ready to splurge billions on German submarines

Qatar's Ministry of Finance hopes the new borrowing rules will prevent spending splurges that could lead to a nationwide economic crisis similar to Dubai's 2009-2010 crash (Courtesy of Global Arab Network)
November 5th, 2013 - 03:01 GMT

Attention all Qatari companies with 'significant' government shareholdings: these new borrowing rules are for you

Gulf Air will offer daily flights to Dubai World Central starting in December (Courtesy of Gulf Air)
November 5th, 2013 - 02:17 GMT

Bahrain politicians let Gulf Air fly 'free', withdraw bailout payback vote

Stephen Odell executive vice-president and FMC’s president of Europe, Middle East and Africa, offers an insight into how the changes will all come together for the greater cause.
November 5th, 2013 - 01:14 GMT

Playing it right: Ford assigns high priority to Middle East market

Anticipating the sweeps, hundreds of business owners shuttered their shops. In addition, commercial activity at the Jeddah Islamic Port dropped and food prices spiked.
November 5th, 2013 - 12:36 GMT

Well, that went well: Saudi Arabia aggressive labor raids put schools, businesses on stand-by

Saudi Build 2013 represents the 25th anniversary of the annual construction show in KSA (Courtesy of Archello)
November 5th, 2013 - 12:17 GMT

850 exhibitors, 35 countries: Saudi Build 2013 opens in Riyadh

Two BAIC models will initially be sold in the UAE through the Gargash Motors alliance (Courtesy of Truth About Cars)
November 5th, 2013 - 11:32 GMT

Will China 'drive' UAE's automobile market? BAIC vehicles en route to the Emirates

The economic climate and investor sentiment has improved in the GCC. (Image credit: Getty)
November 5th, 2013 - 06:47 GMT

In sharp turnaround, Dubai Financial Market reports impressive profit for Q3 2013

Gourmet and niche sectors are expected to fuel growth in the food retail sector in the GCC. (Image credit: Shutterstock)
November 5th, 2013 - 05:54 GMT

Food retail is projected to grow to $106bn by 2018; niche sectors to drive demand

Pictured: Blackberry P9982 release in Dubai Mall (Photocredit: tbreak)
November 5th, 2013 - 04:55 GMT

Dubai mall's sizzling rumor: New Porsche Design BlackBerry P9982 launching mid November

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