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Gold price
May 6th, 2026 - 11:13 GMT
Al Bawaba Staff

Al Bawaba Staff

Gold price jumps to over $152 in Dubai

ALBAWABA - Dubai gold prices increased by over Dh11 ($3) on Wednesday morning, local media outlets confirmed on Wednesday. The 24-karat variety was priced at Dh560 (152.50) a gram at 9.17 a.m., compared with Dh548.50 ($149.40) on Tuesday. The 22-karat variety increased to Dh518.75 ($141.30); it was Dh508 ($138.40) on Tuesday. Jewellery buyers in the country now will pay extra Dh11.50 ($3.13) per gram for 24K gold and Dh10.75 ($2.92) ...
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Cooperation between OPEC and non-OPEC members will continue till 2020 to ensure a balanced oil market. (Shutterstock)
November 12th, 2018 - 08:17 GMT

OPEC Trying to Sustain Market Confidence Amidst Global Uncertainties

Bahrain, China to Want to Expand on Their $1.7 Billion Trade. (Shutterstock)
November 12th, 2018 - 08:11 GMT

Bahrain, China to Want to Expand on Their $1.7 Billion Trade

The sanctions regime is complicated by Pompeo’s suggestion that oil customers should pay through accounts earmarked for humanitarian items. (Shutterstock)
November 12th, 2018 - 07:59 GMT

What Have the US Sanctions on Iran Accomplished so Far?

Since the boycott started Saudi social media users have forwarded images showing them deleting the Amazon application from smartphones or cancelling online accounts. (Shutterstock)
November 12th, 2018 - 07:42 GMT

Why Are Saudis Boycotting Amazon?

The airport official said “some” of the oil providers were informed by internal company decisions, but Fenianos confirmed that none of the providers would be allowed to refuel the sanctioned carriers. (Shutterstock)
November 11th, 2018 - 05:01 GMT

Iranian Airlines Cannot Refuel in Beirut's Airport Due to Sanctions

Strong capital levels provide a large, loss-absorbing buffer for the UAE's banks. Moody's expects strengthening profitability to support capital levels, with sector-wide tangible common equity (TCE) at 14%-15% of risk-weighted assets over the next 12 to 18 months. (Shutterstock)
November 11th, 2018 - 04:48 GMT

Report: UAE Banking System Stable for Now


Economist Abdulaziz Sharoofna said that Saudization of such occupations is a necessary step to create more job opportunities for Saudi young men and women. (Shutterstock)
November 11th, 2018 - 04:42 GMT

Shops Close, Others Comply as Saudi Implements Saudization for These 12 Sectors

Iran underlines that the IAEA is the sole competent authority responsible for the verification of the fulfillment of safeguards obligations. (Shutterstock)
November 11th, 2018 - 04:35 GMT

Iran Fights for Right to Develop National Nuclear Fuel Cycle

This is a bid for the UAE to achieve regional and global leadership in attracting innovation and advanced technology applications such as self-driving vehicles and AI in health. (Shutterstock)
November 11th, 2018 - 04:29 GMT

UAE Issues New Law for Future Technologies Applications

The decision was made after "a broad assessment of recent developments in Saudi Arabia and the unclear situation in Yemen", according to a statement by the foreign ministry. (Shutterstock)
November 11th, 2018 - 04:19 GMT

Norway Joins Germany in Arms Export Boycott Against Saudi Arabia

It is great for oil countries to fix goals and targets, and show the world its commitment to stabilize energy price. (Shutterstock)
November 11th, 2018 - 04:07 GMT

Opinion: Are Arab Oil Producers' Claims of Ability to Increase Production Empty Promises?

Those arrested included 13 Saudis, 16 Yemenis, 13 Ethiopians, one Afghan and one Somali, after they were monitored crossing the Kingdom’s southern border, including the areas of Jazan, Najran and Asir. (SPA)
November 11th, 2018 - 04:01 GMT

Saudi Succeeds in Stopping More Than Half a Ton of Hashish to Enter the Country in Past Month

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