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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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"I do not think that with this quantity OPEC is in trouble," Badri said.
October 2nd, 2013 - 02:43 GMT

Keep calm and carry on: OPEC's approach to the shale boom

The JV partners are to build the QAR 8.46 billion ($2.32 billion) Red Line North Underground line for Doha Metroon behalf of Qatar Railways Company.
October 2nd, 2013 - 01:34 GMT

Qatar's Red Line is a step closer to being crossed

Dubai ranked second globally for retail representation, just behind the British capital London, according to the annual CBRE survey for the year 2012.
October 2nd, 2013 - 11:38 GMT

Who needs more? Dubai says it has plenty of room for new malls

The army-backed government views Tehran with deep suspicion.
October 2nd, 2013 - 07:37 GMT

After a brief rekindling, Egypt severs tourism with Iran

The GDP growth rate on average is likely to taper off due to the decline in energy export revenues which marked a historic high in 2012.
October 2nd, 2013 - 07:27 GMT

The glass half full? Arab countries' GDP growth reached 4.8%

"As it is, 80 percent of energy subsidies do not benefit those in need," explained Galal, who added that state fuel subsidies had reached between LE128 and 130 billion annually.
October 2nd, 2013 - 04:30 GMT

A farewell gift? Egypt's interim govt to cut subsidies, change taxes before leaving

Since the 2011 revolution which overthrew long-time autocrat Hosni Mubarak, the judicial system has issued at least 11 rulings annulling privatisation deals made during his tenure.
October 1st, 2013 - 02:03 GMT

Egypt's cotton to stay Egyptian

Samsung Electronics KSA General Manager Jae Cheon Park said that Samsung Galaxy Note 3 is a premium, efficient yet artistic device.
October 1st, 2013 - 12:59 GMT

Galaxy Note announces birth of new family member

Excluding foreign grants, the budget deficit would be JD842.6 million during the first seven months of 2013, compared with JD658.4 in the same period last year, the ministry indicated.
October 1st, 2013 - 08:13 GMT

Jordan's indebtedness at almost 75% of GDP

Founded in 1967, the Tehran Stock Exchange has been one of the world's best performing stock markets in recent years and has ranked as the best bourse index in Europe, Africa and Middle East in 2010 in terms of performance of the main index.
October 1st, 2013 - 04:30 GMT

Iran's capital markets hit astounding levels

Regarding consumer loans, Qatar registered the biggest growth rate among the GCC countries at 9.7 percent.
October 1st, 2013 - 04:30 GMT

GCC consumer loans booming

"We expect to create around 250 jobs for Bahrainis and Saudis," he added.
October 1st, 2013 - 04:30 GMT

A healthy economy? $93 million insulin factory coming to Bahrian

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