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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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No matter the economic statistics, the real cost of the war must always be measured in human suffering.
October 29th, 2013 - 05:55 GMT

Immeasrable economic and human losses leave half of Syrians in poverty

"Holding Expo 2020 in Dubai will remind the world that the Middle East is a region with potential and dynamism, a source of innovation for generations past, present and future," wrote Cameron.
October 28th, 2013 - 10:09 GMT

In his own words, David Cameron voices support for Dubai's Expo 2020 bid

“As a country that has witnessed destruction, there is nothing better for me than to talk about building homes for our people,” said AlAbaar, making reference to the similarities between Dubai and Kurdistan. (Pictured: Erbil, Kurdistan).
October 28th, 2013 - 09:56 GMT

Whoaa! Emaar reveals $3 billion downtown Erbil project

As part of the stimulus, LE2.5 million will be allocated to renovating roads and bridges, LE1.6 billion to paving roads nationwide, and LE557 million to complete 15 roads under the supervision of Egypt's Central Agency for Reconstruction.
October 28th, 2013 - 09:43 GMT

Egypt's stimulus package to place infrastructure, sanitation as top priorities

According to reports circulated through social networking sites, the seized money include currencies of Iran, Iraq, Turkey, India, Indonesia, Bangladesh, Egypt and Morocco.
October 28th, 2013 - 07:59 GMT

$800 million worth of foreign currency seized from Saudi vehicle

Zain KSA continued to build on the strong positive momentum in the first half of 2013 with further improvements in the company’s financial performance for the third quarter of 2013.
October 28th, 2013 - 07:22 GMT

Zain KSA profits grow at a faster rate than the Saudi Economy

CBE added that gross domestic debts amounted to 87.5 percent of the GDP for the same fiscal year.
October 27th, 2013 - 12:27 GMT

Egypt's debt rises 25%, reaching 87.5% of GDP

Saudi investments were in the second place after those from the UAE during Q4 at $62.2 million.
October 27th, 2013 - 11:52 GMT

Who are Egypt's top investors?

The future aviation super hub was originally slated to open in mid-2009 but after failing to secure an operating license from the General Civil Aviation Authority (GCAA), Dubai Airports pushed back the launch date.
October 27th, 2013 - 11:05 GMT

Better late than never: Four years late, Dubai World Central airport opens to passengers today

The London-based bank can help increase Jordanian businesses’ use of renewable energy.Describing the Kingdom as a role model for social and economic reform in the region, Harmgart added that Jordan can become a leader in terms of innovation and economic transition.
October 27th, 2013 - 09:20 GMT

Grand plans: The European Bank of Reconstruction and Development opens permanent office in Jordan

Ithmaar Bank has provided nearly $450 million for the project that brings together public and private entities to deliver social and affordable housing solutions.
October 27th, 2013 - 08:14 GMT

Time to act? Bahrain's first ever PPP housing scheme revealed

He said that the committee in charge of studying the problem of laid off workers at the time of the global economic crisis found that the number of Kuwaiti citizens working for the private sector, ostensibly affected by the crisis, was not as high as once thought.
October 24th, 2013 - 12:26 GMT

Social justice or over-pampering? Kuwait pays 60 million dollars to its laid-off citizens

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