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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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According to the law, tobacco and energy drinks will be taxed at 100 percent, while other soft drinks will receive a 50 percent levy. (File photo)
August 23rd, 2017 - 10:22 GMT

UAE to Apply 100% Tax on Tobacco, Energy Drinks Starting October 1

An Emirati man looks at the solar power platform at Masdar City, on the outskirts of Abu Dhabi. (AFP)
August 22nd, 2017 - 01:54 GMT

UAE's Economy to Slow Down as Abu Dhabi Cuts Oil Production: Report

About 99 percent of 'tasattur' in Saudi Arabia is in small and medium-sized enterprises. (AFP/ File)
August 22nd, 2017 - 12:42 GMT

'Tasattur' Prevalent Among SMEs in Saudi Arabia, Says Official

Saudi Arabia is expected to face a recession in 2017, according to Bank of America. (Shutterstock)
August 22nd, 2017 - 12:19 GMT

Expat Fee, VAT to Add $21 Billion to Saudi Arabia's Revenues in 2018: BoA

Austerity is paying off for Oman. (File photo)
August 22nd, 2017 - 11:37 GMT

Oman's Economy Grows 12 Percent on Higher Oil Prices, Subsidy Cuts

Lebanese protesters wave the national flag in front of a barbed wire fence as large crowds rally in Beirut on August 23, 2015. (Anwar Amro/ AFP)
August 22nd, 2017 - 10:54 GMT

Lebanese President Approves Controversial Salary Scale, Tax Hike Laws

Students line up as they enter their classroom on the first day of the academic year for public schools in Dubai on September 27, 2009. (Karim Sahib/ AFP)
August 22nd, 2017 - 10:08 GMT

VAT Not Applicable to Schools, Nurseries: UAE's Tax Authority

Bloom Towers. (Courtesy of Bloom Holding)
August 21st, 2017 - 12:04 GMT

Abu Dhabi's Bloom Holding Eyes Overseas Expansion: CEO

The Al Thumama Stadium is set for completion in 2020 and will seat 40,000 spectators. (Photo supplied)
August 21st, 2017 - 10:20 GMT

Qatar Reveals Design of Sixth World Cup Stadium by Qatari Architect (Photos)

All contractors working on public sector projects will be exempt from expatriate workers’ tax. (File photo)
August 21st, 2017 - 09:22 GMT

Saudi Arabia Says Public Sector Contractors Exempt From Workers’ Tax

Saudi riyals. (File photo)
August 20th, 2017 - 05:00 GMT

How Does Money Exchange During Haj Benefit the Saudi Economy?

More than half of UAE employees said they have worked during their vacations. (File photo)
August 20th, 2017 - 02:09 GMT

Half of UAE Employees Take Work Home: Study

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