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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 ...

Turkey is raising its minimum wage by 14.5 percent as of January 1. (AFP)

January 2nd, 2018 - 01:00 GMT

Turkey Raises Minimum Wage by 14.5 Percent in 2018

Saudi Arabia stands 12th among G20 nations in terms of the average fall in the rate of unemployment during the third quarter of 2017. (AFP)

January 2nd, 2018 - 12:00 GMT

Saudi Unemployment Falls 5.8 Percent in 2017: Report

In its 2018 state budget Jordan has included, for the first time, a social safety network to make up for the rising cost of living. (AFP)

January 2nd, 2018 - 11:00 GMT

Jordan Introduces Cash Support to Poorer Citizens in 2018 Budget

The encouraging sign of Adnoc IPO will lead to optimistic outlook from the other oil companies in the region, according to analysts. (AFP)

January 2nd, 2018 - 10:00 GMT

Adnoc Distribution IPO Could Spur More Listings in Energy: Experts

Inflation in Saudi Arabia is likely to rise in coming months on the back of the hike in electricity prices, fuel prices and implementation of a VAT regime. (AFP)

January 2nd, 2018 - 09:00 GMT

Inflation to Rise in Saudi Arabia With VAT, New Fuel Prices

The introduction of a VAT regime in the UAE marks the beginning of a new era for the UAE economy where the general public will start sharing the burden of budgetary expenditure. (AFP)

January 2nd, 2018 - 08:00 GMT

VAT Begins in UAE: How Will It Affect Purchasing Power?

Iran and Russia are finalizing an agreement between their central banks to overcome financial sanctions by the US. (AFP)

January 1st, 2018 - 09:37 GMT

Iran, Russia Finalizing Deal to Integrate Their Banking Systems

From the year’s biggest IPOs to Saudi Arabia’s new dependent fee and the Qatar crisis, here’s a roundup of some of the most significant business stories of 2017. (AFP)

December 31st, 2017 - 05:28 GMT

2017 Year in Review: Al Bawaba’s Top 10 Business Stories

Emirates expanded its network to over 156 destinations in 2017. (AFP/ File)

December 31st, 2017 - 01:28 GMT

Emirates Ends 2017 With Fleet and Product Milestones

Qatar’s trade surplus expanded to QR12.8 billion in November, a 32 percent jump from a year ago. (Shutterstock)

December 31st, 2017 - 10:00 GMT

Qatar’s Trade Surplus Up 32 Percent in 2017, Despite Blockade

Saudi Arabia has announced that it is working on a mechanism to return the value-added tax (VAT) to tourists in 2018. (Shutterstock)

December 31st, 2017 - 09:00 GMT

Tourists to Get Refund on VAT Paid in Saudi Arabia

250,000 travelers are expected to arrive into Dubai from 28 December to 1 January 2018. (Shutterstock)

December 31st, 2017 - 08:00 GMT

Hundreds of Thousands to Fly Through Dubai for New Year's Eve