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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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About 332 million Egyptian pounds ($48 million) of shares were traded, compared with a one-year daily average of 391 million pounds.
August 19th, 2013 - 07:46 GMT

Egypt's stock market plummeting

The formal framework of the Central Bank’s policy remains unchanged with the exchange rate fixed at QAR 3.64/$1.
August 18th, 2013 - 02:47 GMT

Qatar's currency peg here to stay

No official statement has yet been issued evaluating the cost of damages and sector losses (Sources: Getty images).
August 18th, 2013 - 02:33 GMT

The Egyptian economy's immeasurable losses

“Saudi inflation has eased over the course of this year, in spite of fairly robust domestic demand.
August 18th, 2013 - 01:54 GMT

Saudi Arabian economy to remain resilient despite mixed signals

Syrians will be able to buy dollars at 175 Syrian pounds, higher than the official rate but still cheaper than the black market – where the rate often reaches 200.
August 18th, 2013 - 10:05 GMT

One more item on the Syrian regime's hit list: the dollar

The TEPIX surpassed 60,000 on Saturday.
August 18th, 2013 - 08:10 GMT

Tehran's stock exchange booms a phenomenal 57%

The 35 existing lounges on the Emirates network will be refurbished according to the new design in a phased plan during the next 18-24 months.
August 18th, 2013 - 07:55 GMT

Emirates invests €3.8m in refurbished Paris lounge

Dubai is the favourite destination for Saudi tourists during the summer and Cairo could have claimed the second spot.
August 18th, 2013 - 03:55 GMT

Surprise, surprise: Saudi tourists spending billions more than their European counterparts

The UAE’s ‘building boom’ is having a positive effect on employment levels within the construction sector, as well as the industries that supply it.
August 17th, 2013 - 08:03 GMT

Professional job opportunities on the rise in the UAE

Abraaj and BLG Capital will seek to capitalize on the under supply of institutional quality student accommodation and strong demand for higher education due to Turkey’s young and growing population and increasing household income.
August 15th, 2013 - 07:24 GMT

Abraaj to invest in expanding Turkish student accommodation

Shell gave no details on how many staff were affected by the closures nor where the offices were located. A spokesman could not immediately say whether oil installations - mostly in the Western Desert and Nile delta - were affected.
August 15th, 2013 - 01:16 GMT

Shell, along with other foreign firms, close their offices in Egypt

The governments in the UAE, Saudi Arabia and Qatar continue to spend millions of US dollars on digital learning solutions, according to a recent report by Pearson, the a global education company (Getty images).
August 15th, 2013 - 11:24 GMT

GCC expenditure on digital learning highest in the world

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