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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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Erdogan urged Turks on Tuesday to report stores that had imposed unusual price hikes during the currency crisis, and said authorities would raid those businesses if necessary. (AFP)
October 7th, 2018 - 07:20 GMT

Erdogan to Fine ‘Opportunists’ Taking Advantage of Volatile Foreign Exchange Rate

Gulf Arab allies will pledge $10 billion in aid to Bahrain and finalise $2.5 billion in assistance for Jordan on Thursday, in an effort to stabilise their fragile finances through years of planned economic reforms. (Shutterstock)
October 7th, 2018 - 07:12 GMT

Bahrain, Jordan Receive Billions in Aid From Gulf Neighbours

The Aramco IPO would be a seismic event for financial markets. Prince Mohammed said he hoped to raise a record $100 billion by selling a five per cent stake. (Shutterstock)
October 7th, 2018 - 07:05 GMT

Bin Salman Sets 2021 for Aramco IPO Listing

Experts say the pipeline would allow the kingdom not to be constrained to the Strait of Hormuz or the Bab el-Mandeb Strait, both strategic choke points that affect its current oil shipping routes. (Shutterstock)
October 7th, 2018 - 06:09 GMT

Yemen Accuses Saudi of Oil Theft

Crown Prince Mohammed bin Salman (AFP/File Photo)
October 7th, 2018 - 05:37 GMT

Ahead of US Sanctions on Iran, Bin Salman Assures Trump With 1.5 Million Oil Barrels

During the meeting, the two sides conferd on the use of national currencies in bilateral trade, the use of financial messaging systems, the increase of the level of brokerage relationships, and the funding of civil and development projects. (Shutterstock)
October 7th, 2018 - 05:25 GMT

Iran, Russia Mull Ditching Dollar in Trade Ahead of US Sanctions

Wind turbines on the hill of the Alborz mountain range of northwestern Iran (Shutterstock)
October 7th, 2018 - 05:19 GMT

As US Sanctions Approach, Iran Promotes Investments in Renewable Energy

When the price of wheat or cooking oil or milk in local markets increases, even by the smallest amount, the impact is catastrophic and immediate. (Shutterstock)
October 7th, 2018 - 05:10 GMT

Famine to Hit Millions in Yemen Due to Currency Crisis

Some 94 per cent of all the people voted in favour of the idea to either cancel the NOC permanently or at least drop it after an expat completes two years with his/her sponsor. (Shutterstock)
October 7th, 2018 - 05:01 GMT

Oman's Manpower Takes a Shot at Democracy, but Will It Work?

According to Dubai FDI Monitor, 56 of total investment went into strategic projects while 43 percent of projects were using high and medium technology. (Shutterstock)
October 7th, 2018 - 04:52 GMT

Dubai Still an Investment Darling, With Dh17.7 Billion in FDI

The regulator has approved the sale of TRL 18 billion in subordinated debt by various banks. (Shutterstock)
October 4th, 2018 - 07:49 GMT

Who Bought TRL 10.9 Billion of Turkish State Banks’ Debt Last Week?

The executive council's new strategy depends on five priorities to ensure that Dubai will not get affected by major changes in the future by leading the market and being a pioneer, especially with the most promising tourist source markets. (Shutterstock)
October 4th, 2018 - 07:39 GMT

By 2025, Dubai Aims to Attract 25 Million Tourists and Become Most Visited City in the World

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