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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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Statistics from the Chamber show that the city’s religious, historical and cultural status has made it a distinguished economic location.
October 6th, 2013 - 09:36 GMT

Madinah most prosperous Saudi City

The project aims at increasing the mataf’s capacity from 48,000 to 130,000 pilgrims per hour.
October 6th, 2013 - 09:10 GMT

Mecca under construction: Saudi Arabia slashes number of pilgrims due to expansion project

"The GCC countries remain pillars of stability in the global oil market at a time when uncertainties are arising elsewhere."
October 6th, 2013 - 07:13 GMT

Not too stellar for the overachiever? GCC growth rates to hit 3.7% this year

 France has been the first country to sign government to government agreement on nuclear and energy with Saudi Arabia.
October 3rd, 2013 - 12:08 GMT

Saudi Arabia and France might not see eye to eye on the Niqab, but they surely do on energy matters

The prayer rugs, however, are made by Saudi females trained at the academy thus the materials are supplied to their houses where  the weaving is implemented.
October 3rd, 2013 - 11:49 GMT

Fancy a prayer-rug themed Toyota? Yes, it's possible.

"As it is, 80 percent of energy subsidies do not benefit those in need," explained Galal, who stressed that the amount was "double the spending on education and four times the spending on health."
October 3rd, 2013 - 10:54 GMT

Two truths and a lie? Egypt's government says subsidy cuts will not affect fuel prices

The GCC made a big jump in the volume of intra-regional trade of GCC from $32 billion in 2005 to $100 billion last year.
October 3rd, 2013 - 10:25 GMT

Gulf states keen on taking their relationship further

Dubai’s property market prices collapsed by over 50 percent in 2009 after the global economic crisis
October 3rd, 2013 - 10:10 GMT

Was the transfer fee hike needed after all? Dubai house price rises ‘unsustainable,’ says report

Jordan produces around 5 per cent of its needs of wheat, while the rest is imported from other countries, mainly the US
October 3rd, 2013 - 10:04 GMT

Businessmen encouraged to invest in wheat cultivation in Russia

North American airlines saw demand rise 5.1 per cent over a year ago, the slowest growth for any region but still close to double the year-to-date increase of 2.7 per cent.
October 3rd, 2013 - 09:57 GMT

The one thing that seems to be doing exceptionally well in the Middle East? Airlines!

Upon completion, the lagoon will be entered into the Guinness Book of Records, said a statement released by the company on Wednesday.
October 3rd, 2013 - 08:58 GMT

From desert to tropical island? Dubai to create largest artificial lagoon

The Kingdom ranked 44th in the education pillar, 68th in health and wellness, 97th in workforce and employment and 46th in terms of having an enabling environment.
October 3rd, 2013 - 08:44 GMT

Not bad? Jordan ranked 55th on human capital and 26th on quality of eduction

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