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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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Shale oil production reached about 2 million barrels a day last year, pushing overall US output to 6.4 million barrels of oil per day, the most in 15 years and 32 per cent above the level five years ago.
September 25th, 2013 - 08:56 GMT

A new oil market is in the making, thanks to the US shale boom

"For example, if you are dressed in a formal suit, you will get a kilogram (kg) of tomatoes for LE5, but if you send your doorman in his robe to buy some, he will get it for LE3.5 or LE3," Diab added.
September 25th, 2013 - 07:26 GMT

Egypt's new government to extend its control over fruits and vegetables

The UAE is among those economies most rapidly moving away from being predominantly cash-based society.
September 24th, 2013 - 01:05 GMT

UAE not interested in cash

Mafraq Governorate's population has increased by 70 per cent since the crisis started, which created extra pressure on its infrastructure and services.
September 24th, 2013 - 12:59 GMT

Foreign aid does not cover 30% of Jordan's refugee bill- Majali


Jazeera emerged out as the leading airline serving the Kuwait-Beirut route with a 40 per cent market share, and grabbed a 36 per cent market share on the Kuwait-Amman route, the report added.
September 24th, 2013 - 12:06 GMT

Jazeera winning over Dubai, Beirut, and Amman routes!

Share of the oil sector to the Kingdom’s GDP dropped from 29.5 percent to 22.2 percent in the two periods, which is a good indication that the Saudi economy has been increasingly supported by the private and nonoil sectors.
September 24th, 2013 - 09:28 GMT

Say what? Saudi's GDP reached SR 2.66 trillion in 2012

The preliminary deal, subject to a six-week period of due diligence, which is expected to be completed by November 4, values the sinking smartphone manufacturer's at 9 dollar-a-share.Watsa further said that they can deliver immediate value to shareholders.
September 24th, 2013 - 09:05 GMT

BlackBerry sells itself for $4.7 billion


According to the report, Apple said that its fourth-quarter revenue will be at the high end of its estimated 34 billion dollars to 37 billion dollars in total revenue.
September 24th, 2013 - 07:46 GMT

Crushing expectations: new iPhones mark Apple's most successful launch ever!

Around 100 tons of black oil are planned to be exported through the port of Anzali to Russia
September 23rd, 2013 - 10:55 GMT

Iraq exports black oil to Russia via Caspian Sea

Consumer loans capture nearly 80 percent of Saudi local banks’ retail loan portfolio
September 23rd, 2013 - 10:26 GMT

Saudis financing their consumption with more loans

Lebanon’s tourism sector contributed more than $8 billion in 2009 and 2010 to Lebanon’s GDP
September 23rd, 2013 - 09:38 GMT

Lebanon's tourism sector worse off than last year

Saudi Arabia and the United Arab Emirates are expected to lead the way for GCC growth
September 23rd, 2013 - 09:20 GMT

An unexpected development: GCC growth to slow down in 2013

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