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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 UAE is the second-largest recipient country of foreign direct investment (FDI) in the Middle East, and the 11th largest in Asia. (File photo)
December 6th, 2017 - 02:42 GMT

UAE Second-Largest Recipient of FDI in Middle East

"The MoU highlights our commitment to [enhancing] clean energy technologies that would enable sustainable development in line with Saudi Vision 2030." - Khalid Al Falih, Saudi Minister of Energy (Courtesy of SPA)
December 5th, 2017 - 02:40 GMT

Saudi Arabia, US Sign Clean Energy Deal

Turkey's inflation rose exponentially during 2017, from 9 percent in January to almost 13 percent in November. (AFP/ File)
December 5th, 2017 - 02:22 GMT

Turkey's Inflation Hits 14-Year High in November

Middle East airlines will see net profits doubling to $600 million in 2018, up from the $300 million they made in 2017, according to IATA. (File photo)
December 5th, 2017 - 02:00 GMT

Middle East Airlines' Profits to Double in 2018, Says IATA

Travel agencies in Saudi Arabia can now issue visas for tourism. (AFP/ File)
December 5th, 2017 - 01:50 GMT

Saudi Arabia Allows Travel Agencies to Issue Tourist Visas

"The UAE supports Jordan, and is returning 'favors' to the Kingdom." - UAE ambassador. (File photo)
December 4th, 2017 - 02:30 GMT

UAE to Build $220 Million Renewable Energy Project in Jordan

Shops found to be employing foreigners will face a fine of SR20,000 ($5,324) for each expat worker. (File photo)
December 4th, 2017 - 02:12 GMT

Saudi Arabia Bans Foreigners from Working in Gold, Jewelry Shops

S&P Global Ratings on Friday lowered Bahrain’s long-term foreign and local currency sovereign credit ratings to ‘B+’ from ‘BB-'. (Shutterstock)
December 3rd, 2017 - 06:00 GMT

Bahrain's Economy Remains Stable Despite S&P Rating: Central Bank

The total investment for the project is likely to hit $400 million. (File photo)
December 3rd, 2017 - 05:00 GMT

Engie Consortium Wins Wind Farm Project in Egypt

Prince Mohammed Bin Salman figures on this year's list of Bloomberg 50 Most Influential People. (AFP/ File)
December 3rd, 2017 - 01:57 GMT

Mohammed Bin Salman Among Bloomberg 50 Most Influential for 2017

Banks across Saudi Arabia are preparing for the transition from one riyal notes to one and two riyal coins. (Courtesy of SAMA)
December 3rd, 2017 - 01:13 GMT

Saudi Banks Prepare to Deal With 1 Riyal Coins, Instead of Paper

The new waterfront project is located along the Red Sea coast and has a total area of 730,000 square meters with a length of more than 4 km. (Courtesy of Arab News)
November 30th, 2017 - 12:11 GMT

Mecca Governor Inaugurates SR800 Million Jeddah Waterfront Project

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