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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 contract is estimated to be in the range of 100 to 250 million euros. ($136 to $342 million), said a statement from the company.
October 21st, 2013 - 07:16 GMT

Parisian Technip wins over Qatar Petroleum

Messages sent warn companies and individuals against providing cover to the undocumented expatriates and those overstaying their visa period.
October 20th, 2013 - 08:28 GMT

With grace period ending, Saudi ministries toughen up

Around 1.98 million pilgrims performed hajj this year, a 37.3 percent drop compared to last year.
October 20th, 2013 - 07:49 GMT

Less pilgrims, less spending: Hajj spending down 31% this year

According to ministry estimates, nearly 1.5 million foreign workers are currently residing in the country, with Syrians and Egyptians composing the majority.
October 20th, 2013 - 07:11 GMT

14,000 illegal workers found in Jordan

The survey also noted a general preference towards defensive investments. Around 34 per cent of respondents indicated a preference towards retail and consumer businesses including food and beverage.
October 18th, 2013 - 08:31 GMT

MENA private equity to pick up in 2014

Although the outlook for the Saudi economy in the next 18 months is relatively bullish, a sudden and persistent downturn in the price of oil would represent a key downside risk to our growth forecasts.
October 18th, 2013 - 08:22 GMT

Saudi consumers unaffected by oil sector contraction

Hosting Expo 2020 would inject “billions” into the Dubai economy, Andrew Scott, Professor of Economics at the London Business School.
October 18th, 2013 - 10:23 GMT

Can the Expo 2020 transform Dubai's economy?

According to the economists, the consumption expenses of Kuwaitis are higher than their savings and investments.
October 18th, 2013 - 10:09 GMT

Unholy consumption: Kuwaitis, expats spend around $1 billion for Eid!

Jordanian customers look for luxury but with more reasonable prices these days; they want to look trendy, luxurious and fashionable, but with lower price tags, Dahleh told The Jordan Times.
October 18th, 2013 - 09:48 GMT

Jordan's luxury shoppers undeterred by financial difficulties

“Gold sales have really taken a hit. I would say the market is down by more than 50 percent compared to the last Haj season,” Mohammed Al-Himms, store manager at MS jewelry outside Makkah’s Grand Mosque, said.
October 14th, 2013 - 10:09 GMT

Arab Spring dwindles interest in gold during Hajj

Other favorable destinations for the Saudis included Malaysia, Turkey and some European countries.
October 14th, 2013 - 09:55 GMT

Dubai is Saudi's Mecca during Eid


Sidi Ould Tah, Mauritanian Minister for Economic Affairs and Development, said the educational output is not in harmony with needs of the labour market and this issue requires reconsideration into the educational systems.
October 14th, 2013 - 09:38 GMT

One in four remain jobless in the Middle East, according to the IMF

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