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Gold price
March 23rd, 2026 - 08:16 GMT
Sally Shakkour

Sally Shakkour

Gold falls to its lowest price since December 2025

ALBAWABA - The gold price dropped below $4,200 on Monday for the first time since December 2025. The price of gold reached $4,120 per ounce as of 0720GMT, marking a decrease of 7.8 percent compared with Friday. According to the Anadulo Agency, last week, the price of gold saw the biggest weekly drop since 1983, dropping by over 10 percent. Nonetheless, the price of silver also fell by 8.3 percent ...
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The new theme park is expected to open in 2022 as part of the 334-square-kilometre Qiddiya ‘entertainment city’ south of Riyadh. (Shutterstock)
April 5th, 2018 - 07:58 GMT

Saudi Arabia Signs Theme Park Deal With US-Based Six Flags

Bahrain has been among the hardest hit of the Gulf economies during the recent period of low oil prices. (Shutterstock)
April 5th, 2018 - 07:51 GMT

Bahrain’s Labor Force Shrinks in 2017, First Time in 5 Years

The laws of Economics are mutable. Is it time to start questioning them? (Shutterstock)
April 4th, 2018 - 01:58 GMT

It's Time to Start Questioning the 5 'Economic Policy Commandments'

Venture capitalists and investors are funding more startups in e-commerce, fintech, food and beverage, logistics and transport to cash in on the growing popularity of the startup ecosystem. (Shutterstock)
April 4th, 2018 - 11:00 GMT

UAE Startups Lead MENA Region in Investment, at 70 Percent

The total value of apartments that were built since 2015 to date and have not been sold yet is estimated at JD1 billion. (Shutterstock)
April 4th, 2018 - 10:25 GMT

Jordan: Unsold Apartments Since 2015 Valued at JD1 Billion

As per the law, most financial services are VAT exempt in the UAE. (Shutterstock)
April 4th, 2018 - 08:22 GMT

UAE Banks May Hike Fees to Offset Additional VAT Costs in 2018

The Saudi Commission for Tourism and National Heritage has completed tourist visa regulations. (Shutterstock)
April 4th, 2018 - 07:07 GMT

Saudi Arabia Announces Completion of ‘Tourist Visa’ Rules

Prime residential properties in Dubai are more economical than New York, London, Hong Kong, Paris, Geneva, Tokyo and Mumbai, among others.
April 4th, 2018 - 06:34 GMT

Dubai's Prime Property Prices More Affordable Than Global Peers: Report

FDI to developing economies remained stable, at an estimated $653 billion, 2 percent more than the previous year. (Shutterstock)
April 3rd, 2018 - 12:00 GMT

Despite Challenges, Global FDI Hits $1.52 Trillion in 2017

A proposed Islamic investment megabank is likely to be launched in 2018, according to Islamic Development Bank spokesman Abdul-Hakim Elwaer. (Courtesy of Anadolu Agency)
April 3rd, 2018 - 11:07 GMT

Turkey, Muslim Countries to Launch Islamic Megabank in 2018

Approval was issued for an Iraqi investor to obtain Jordanian nationality. (Shutterstock)
April 3rd, 2018 - 10:12 GMT

Jordan: Iraqi Investor First to Receive Citizenship Under New Law

Full year 2017 saw the announcement of 126 deals worth approximately $16.0 billion as compared to 129 deals in 2016 at a total value of $37.8 billion. (Shutterstock)
April 3rd, 2018 - 09:15 GMT

M&A Deals in Middle East Down 57 Percent in 2017: Report

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