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December 23rd, 2025 - 09:37 GMT

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 ...

Kerry thanked Qatar's ruler and people as well as the minister for their economic support of the Palestinians and said other Arab states are expected to follow their example.

October 22nd, 2013 - 02:09 GMT

Qatar being Qatar with $150 million bailout to Palestinian authority

The service will be made available in a phased manner as about six million people have pre-registered for the app, and the company wants to ensure a “smooth roll out” it said.

October 22nd, 2013 - 01:58 GMT

BBM officially no longer just a "blackberry thing"

The bank allocated additional net provisions of $61 million in the first nine months of 2013 with gross doubtful loans accounting for 2.2 percent of gross loans.

October 22nd, 2013 - 01:36 GMT

Expensive Expansion: Bank Audi's profits affected by Turkey launch

The solar park will ultimately have a capacity to generate 1,000 megawatts of power when it is completed in 2030.

October 22nd, 2013 - 01:11 GMT

First Phase of Dubai's solar project sees the sun

The Central Bank of Jordan (CBJ) has decided to reduce the interest rates on key monetary policy tools by 25 basis points (0.25 per cent) from Tuesday signaling lower rates at commercial banks.

October 22nd, 2013 - 11:06 GMT

In light of high confidence and large foreign deposits, Jordan's Central Bank lowers interest rates

“Population growth, increasing income per capita and a booming tourism industry are the main drivers of food consumption in the GCC region, while food is currently the largest segment of consumer expenditure in the entire region." said the report.

October 22nd, 2013 - 07:56 GMT

Food, food, and more food topping GCC consumption appetite

Finance Minister Umayya Toukan on Sunday said that the government is set to issue the US-guaranteed eurobonds on international markets on October 28, the Jordan News Agency, Petra, reported.

October 21st, 2013 - 11:48 GMT

Jordan to issue US-backed eurobonds next week, more foreign aid to come

Oil-rich Arab states Saudi Arabia and the United Arab Emirates are keen on delivering petroleum products to the Egyptian government as scheduled.

October 21st, 2013 - 10:47 GMT

No fuel, no problem: Egypt's covered

There are several expat workers in the private sector who have been suspended by their employers and they hope to transfer their sponsorships before the end of the amnesty period.

October 21st, 2013 - 10:27 GMT

Only the fittest to survive Saudi's new expat laws on Nov. 3

Last week, Global Telecom Holding announced that its Algerian subsidiary Orascom Telecom Algerie has been awarded one of three provisional 3G licenses offered in Algeria at a cost of $40 million.

October 21st, 2013 - 09:33 GMT

Optimism drives Egypt's stocks to two-year high

The law a includes protection of digital data which has already become public property.

October 21st, 2013 - 08:01 GMT

Bahrain to carry a major crackdown on bribery, misuse of funds

At the governorate level, the data indicated that the inflation rate in August 2013 showed that prices fluctuated, rising in some governorates, falling in others and remained stable in other governorates.

October 21st, 2013 - 07:29 GMT

Inflation in Oman declines by one fifth