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Gold price

March 23rd, 2026 - 08:16 GMT

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 ...

After posting healthy surpluses for 16 successive years, Kuwait has posted a budget deficit in each of the past three years after oil prices began to slide in mid-2014. (AFP/ File)

January 30th, 2018 - 04:00 GMT

Kuwait Projects Deficit in 2018/19 Budget, for Fourth Year in a Row

On Monday, German carmakers came under fire following revelations that they helped finance experiments which saw humans and monkeys exposed to toxic diesel fumes. (Pexels)

January 30th, 2018 - 01:38 GMT

Monkey Scandal in Germany: Do Animal Rights Matter in Corporate West?

Car-hailing apps in Saudi Arabia, such as Careem and Uber, have increased their fares between 5 and 20 percent starting February 1. (File photo)

January 30th, 2018 - 11:29 GMT

Careem, Uber’s Fares up to Deal With ‘Financial Pressure’: Saudi Arabia

The Saudi Minister of Labor Dr. Ali Al-Ghafees issued a decision on Monday restricting work in 12 activities and occupations to Saudis. (AFP/ File)

January 30th, 2018 - 10:31 GMT

Foreigners Banned from Working in 12 Jobs: Saudi Minister

Egypt and the US are keen to promote economic and trade cooperation in various fields. (Pictured here: Tareq Qabil, Egypt's Minister of Trade and Industry/ AFP)

January 30th, 2018 - 10:16 GMT

Egypt's Non-Oil Exports to US up 18 Percent in 2017: Minister

LinkedIn analyzed member profiles in 2017 and revealed that words like “successful” and “dynamic” have dropped out of this year's list of the top 10 buzzwords, while words like “focused” and “motivated” have entered the list for the first time. Here's what it means. (Shutterstock)

January 30th, 2018 - 10:01 GMT

Professionals More 'Skilled', Less 'Dynamic': LinkedIn's Top 10 Buzzwords for 2017

Some GCC countries could double the VAT rate to 10 percent, analysts said on Sunday. (File photo)

January 29th, 2018 - 11:22 GMT

Some GCC Countries Could Double VAT to Boost Revenue: Analysts

Oman's Ministry of Manpower on Sunday issued a decision for banning issuance of new visas for workers in 87 professions. (AFP)

January 29th, 2018 - 10:39 GMT

Oman Bans Expats From Working in 87 Professions: Full List

The event opened Sunday and is held at the Riyadh International Convention and Exhibition Center. (AN)

January 29th, 2018 - 10:32 GMT

First IoT Conference Kicks off in Saudi Arabia: Photos

Saad Hariri called on all ministries and public institutions to cut their 2018 budgets by 20 percent. Is it enough to reduce the country's deficit? Economists weigh in. (AFP)

January 29th, 2018 - 08:50 GMT

Lebanon: Hariri's 20 Percent Budget Cut, Enough to Reduce Deficit?

The company attributed the drop in Q4 profit to 'maintenance works in some of its plants'. (Shutterstock)

January 28th, 2018 - 01:41 GMT

Saudi Arabia: SABIC's Net Profit Falls 19 Percent in Q4 2017

Sponsors in Saudi Arabia are now required by law to issue pre-paid ATM cards for housemaids and domestic drivers. (Shutterstock)

January 28th, 2018 - 11:42 GMT

Domestic Workers’ Bank Cards a ‘Welcome Move’: Saudi Arabia