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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 inauguration of the ambitious project that has cost an estimated three billion euros coincides with the 90th anniversary of the founding of modern Turkey.
October 30th, 2013 - 08:10 GMT

Tebrikler! Turkey realizes one-and-a-half century dream with inauguration of East-West railway tunnel

Oil Minister Bijan Zanganeh ordered a "widespread review" of the oil contract process shortly after he took office in August in an effort to revive investment in Iran's oil sector (Courtesy of Press TV)
October 30th, 2013 - 07:11 GMT

Iran to produce new oil contract framework for foreign investors

The proposed railway will link Oman to Kuwait via United Arab Emirates, Qatar, Bahrain and Saudi Arabia by 2018 (Courtesy of Arabian Business)
October 30th, 2013 - 04:00 GMT

Construction on $15.5 billion railway linking 6 Gulf countries to start next year

Al Bawaba
October 29th, 2013 - 12:30 GMT

Despite all, Cairo real estate in high demand

Other workers managing baqalas (corner shops) are struggling to sell whatever is left of their merchandise at cheap prices before the grace period ends.
October 29th, 2013 - 12:19 GMT

No 'grace' left: desperate to make the most out of their numbered days in Saudi, expats offer services at low rates

“The Kingdom is the largest producer of oil, while China is the second largest country in the world, which has a great energy demand,” Al-Suwaiyel said.
October 29th, 2013 - 12:10 GMT

Saudi Arabia to seek China's expertise on oil refining

The Dubai-based Emirates airline, which is said to be in talks with Boeing for its 777X new-generation aircraft, and also with Airbus for ordering more of its A380, will account for bulk of the orders with an estimated value of above $50 billion.
October 29th, 2013 - 11:49 GMT

UAE airlines ready to splurge $90 billion on aircrafts

The experts said that Oman’s projects market had proved to be a stable source of opportunities for local and international contractors, they stated.
October 29th, 2013 - 11:35 GMT

Oman has $20 billion worth of transport investments under its sleeve

The loss of Egyptian gas supplies, which used to account for over 80 per cent of Jordan’s electricity generation needs, has driven generation costs to over 187 fils per kilowatt hour (kw/h).
October 29th, 2013 - 10:56 GMT

No wonder it's going nuclear: Jordan says Egypt's gas disruptions to cost it over $2 billion

In its program, the government said that it was not possible to continue with the current generous welfare system and there is a need to review subsidies and charges on public services.
October 29th, 2013 - 10:14 GMT

Light bulb moment: Kuwait PM calls welfare spending 'unsustainable'

“This is a licensed technology that has a proven safety record in several European countries and elsewhere, which was important in our decision,” Toukan said.
October 29th, 2013 - 08:43 GMT

It's official: Jordan set on building it's first nuclear plant and Russia is going to build it

Average room rate in Abu Dhabi in the first nine months of this year has fallen 2 per cent on last year and now comes in at Dh419 ($114).
October 29th, 2013 - 08:29 GMT

Catching it from its neighbour? More visitors checking into Abu Dhabi's hotels

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