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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 banking sector in the GCC region is expected to deliver a stable performance in 2018, particularly in the UAE and Saudi Arabia, according to Moody’s. (AFP)
December 24th, 2017 - 06:00 GMT

Stable Outlook for GCC's Banking Sector in 2018: Moody's

The Middle East's initial public offering (IPO) values were up 55 percent year-on-year, from $676 million to $2.1 billion in 2017, according to a report by global law firm Baker McKenzie. (AFP/ File)
December 24th, 2017 - 01:16 GMT

Middle East's IPOs up 55 Percent in 2017: Report

Mobile network operators in the UAE will begin preparing infrastructure for 5G from early 2018. (File photo)
December 24th, 2017 - 01:05 GMT

UAE Ready for 5G Roll-out, Says Regulator

Flights to Tehran will be scrapped as of January 24, the company said. (File photo)
December 21st, 2017 - 02:50 GMT

Etihad Scraps All Flights to Tehran, Starting Next Month

Dh17,500 will be the minimum salary of an Emirati employee with Sharjah government starting next year. (Pictured here: Sheikh Sultan Al Qasimi, Ruler of Sharjah/ WAM)
December 21st, 2017 - 02:27 GMT

Sharjah Ruler to Increase Salaries of Government Staff in 2018

The King Salman Humanitarian Aid and Relief Center (KSRelief) has already spent $8.2 billion on aid for Yemen since its opening in 2015, according to a report. (AFP/ File)
December 21st, 2017 - 09:58 GMT

Saudi Arabia to Set up $10 Billion Fund for Reconstruction in Yemen

A Tunisian woman holds a placard reading in French "Tunisia will remain standing" as she takes part in a protest on March 18, 2015 after an attack on the Bardo National Museum in Tunis. (Sofiene Hamdaoui/ AFP)
December 20th, 2017 - 03:21 GMT

Opinion: Will Tunisia's Economy Ever Be Good Again?

The number of expat workers in Saudi Arabia has gone down by about 62,000 by the end of the second quarter of this year since the application of the dependent fee. (AFP/ File)
December 20th, 2017 - 12:59 GMT

62,000 Expats Leave as Saudi Arabia Enforces Dependent Fee

King Salman on Tuesday announced Saudi Arabia’s largest-ever budget for 2018. (AFP/ File)
December 19th, 2017 - 04:11 GMT

Saudi Arabia Announces $260 Billion Budget for 2018, Its Largest Ever

National Bank of Kuwait (NBK) is to hire hundreds of staff and open new branches in Saudi Arabia and Egypt. (Courtesy of NBK)
December 19th, 2017 - 03:03 GMT

National Bank of Kuwait Eyes Saudi, Egypt Expansion

The tax will have minimal economic impact on people and investments, says UAE Minister. (Shutterstock)
December 19th, 2017 - 02:44 GMT

No Increase in Salaries to Cope With VAT: UAE

Saudi Arabia is ahead of the curve in paving the way for a smooth transition to a low-carbon economy, and nuclear power is at the top of its agenda. (Shutterstock)
December 18th, 2017 - 01:09 GMT

Why Saudi Arabia Wants to Bank on Nuclear Power

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