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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 VAT on new car purchases will be 5 percent of the vehicle’s value, starting from next year. (Karim Sahib/ AFP)
September 25th, 2017 - 11:21 GMT

Race Against Time for UAE Car Buyers: Pre-Vat Frenzy Starts Now

The plan is to privatize Saudia and Flyadeal together under the group parent company. (Shutterstock)
September 25th, 2017 - 10:31 GMT

Saudi Arabia to Include Flyadeal in Saudia’s Privatization Plan: Sources

$15 million will help support basic programmes for Palestinian refugees. (AFP/ File)
September 24th, 2017 - 01:21 GMT

UAE Donates $30 Million to UNRWA, UN Women

The move comes about a year after the UAE introduced its own bankruptcy law. (File photo)
September 24th, 2017 - 01:15 GMT

Saudi Arabia Introduces Bankruptcy Law in Bid to Attract Foreign Investment

Families on a tight budget can now pay in monthly installments, the airline said. (File photo)
September 24th, 2017 - 12:48 GMT

Etihad Launches 'Fly Now, Pay Later' for Families, Middle-Class Travelers

Qatar is relying on its gas exports to withstand the Saudi-led siege. (File photo)
September 24th, 2017 - 12:33 GMT

Qatar's Revenues From Gas Exports Enough to Withstand Siege: Minister

Flyadeal launched its first commercial flights on Saudi Arabia's national day. (File photo)
September 24th, 2017 - 11:52 GMT

Flyadeal Officially Launches With Jeddah-Riyadh Flight

The 27th Gitex Shopper has officially opened its doors to the public. (File photo)
September 24th, 2017 - 11:37 GMT

Gitex Shopper 2017 Kicks off in Dubai

The country had rejected sharia-based financing options in the 1990s. Pictured here: Algerian president, Abdelaziz Bouteflika. (AFP/ File)
September 24th, 2017 - 10:13 GMT

Algeria Turns to Islamic Banking to Fix Its Financial Woes, For First Time Ever

Saudi Arabia plans to shut down recruitment offices of housemaids. (AFP/ File)
September 24th, 2017 - 09:58 GMT

Saudi Arabia to Scrap Housemaid Recruitment Agencies: Ministry of Labor

The upcoming referendum on Kurdish independence has the potential to roil both geopolitical alliances and oil markets. (AFP/ File)
September 21st, 2017 - 12:13 GMT

Opinion: Will an Independent Kurdistan Cause a Rift in Oil Markets?

Saudi Arabia announced in April that it will implement total Saudization in shopping malls. (AFP/ File)
September 21st, 2017 - 11:53 GMT

Saudization Success: Jeddah’s Malls Achieve 40 Percent Saudization

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