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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 ...

Borrowing money in the UAE could become more difficult as interest rates are expected to increase this year, in line with increases by the US Federal Reserve. (Shutterstock)

January 21st, 2018 - 10:26 GMT

Higher Interest Rates, the End of Easy Borrowing in UAE?

Saudi Arabia has announced the launch of 'Adaa', a dedicated entity for public performance measurement.
(Shutterstock)

January 21st, 2018 - 10:02 GMT

New Center Launched to Rate Performance of Public Services: Saudi Arabia

The Jeddah Tower is projected to be over 1,000 meters (3,281 feet) tall, eclipsing Dubai’s Burj Khalifa, which is over 828 meters. (Photo courtesy of the developer)

January 18th, 2018 - 02:01 GMT

Work Begins on Jeddah Tower, World's Tallest Skyscraper

Bitcoin has all the hallmarks of a speculative bubble but the global economy will be fine even if it bursts, analysts say. (Shutterstock)

January 18th, 2018 - 01:00 GMT

Bitcoin Bubble Will Burst, But No Big Deal

The main driver behind the restoration of Egypt’s economic competitiveness was the decision to float the pound in November 2016, the report states. (Shutterstock)

January 18th, 2018 - 11:42 GMT

Egypt’s Economy to Record Region’s Strongest Growth by 2019: Report

Saudi Arabia issued a directive on Wednesday to transfer $2 billion to Yemen’s central bank to "alleviate the suffering" of the Yemeni people. (AFP)

January 18th, 2018 - 10:57 GMT

Yemenis Hail $2 Billion Saudi Cash Injection, Rial Soars

Careem is reportedly in early talks about a potential IPO in early 2019. (File photo)

January 18th, 2018 - 10:16 GMT

Careem in Early Talks for IPO in 2019: Bloomberg

Food security in Kuwait is not limited to adequate supply, but also includes salubrity, food freshness and unlimited access to food. (AFP)

January 18th, 2018 - 09:39 GMT

Kuwait Most Food-Secure Country in Arab World: Experts

More people have visited Qatar in the past few months as a result of Qatar’s new visa-free entry to nationals from 80 countries, according to Qatar Tourism Authority (QTA). (Shutterstock)

January 17th, 2018 - 11:49 GMT

Qatar's Visa-Free Entry Attracts Visitors From Around the World: Tourism Authority

Jason Tuvey, Middle East analyst at Capital Economics, said that recent price hikes for fuel and power, and VAT, would affect expats more than Saudi citizens. Here's why. (AFP/ File)

January 17th, 2018 - 10:13 GMT

VAT, Price Hikes Will Affect Expats More than Saudis: Report

Hussein Sajwani said he would be “more than happy” to sell equity in order to boost the trading in Damac shares. (Courtesy of Damac)

January 17th, 2018 - 09:55 GMT

Damac Chairman Ready to Sell 15 Percent of His Stake to Boost Trading

"It is for the first time that an OPEC event is taking place in Oman and the proposed meeting is being supported by Oman Oil Company." - Ali al Riyami, ministry of oil and gas (AFP/ File)

January 16th, 2018 - 10:30 GMT

Oman to Host OPEC Meeting This Month, Its First Ever