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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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The final share price is expected to be set on 16 October. (AFP)
October 4th, 2018 - 07:35 GMT

Mubadala’s CEPSA Back in Trading at $9.22 Billion Valuation

In June, Saudi Arabia, Kuwait and the UAE pledged $2.5 billion to help revive Jordan’s economy at the summit in Mecca gathered by Saudi King Salman Bin Abdulaziz. (AFP/ Photo Yousef Allan)
October 4th, 2018 - 07:26 GMT

GCC Leaders Due in Jordan to Activate Mecca Summit Pledge of $2.5 Billion

Following the last rate hike, Erdogan said his patience with interest rates had limits. (AFP)
October 4th, 2018 - 07:17 GMT

How Will Erdogan Address Turkey's Highest Inflation Rate in 15 Years, at 25 Percent?

The new bankruptcy law will introduce measures to allow company reorganization where the management is allowed to remain in place and continue business operations during the administration of a case, similar to the Chapter 11 process in the US. (Shutterstock)
October 4th, 2018 - 07:05 GMT

Bahrain Launches New Bankruptcy Law to Keep Investments Flowing

“The Aramco postponement is a benefit for the country, and the acquisition of SABIC makes more sense,” Haddad told the Citi Middle East Media Summit. (AFP)
October 4th, 2018 - 06:53 GMT

Why Is Delaying Saudi Aramco's IPO Good for the Country?

Saudi Arabia is mostly exporting its oil through its western ports on the Red Sea. (Shutterstock)
October 4th, 2018 - 05:59 GMT

Saudi Joins the $64 Billion CPEC With Oil Refinery in Pakistan

A total of 570 energy projects worth USD 77 billion are currently looking for financing. (Shutterstock)
October 4th, 2018 - 05:48 GMT

570 Arab Energy Projects Face a Financing Gap of $77 Billion

Banking regulators should work with banks to adopt good practices in the management of human, natural and financial resources. (Shutterstock)
October 4th, 2018 - 05:27 GMT

This Is Why Arab Banks Should Implement Green Banking

OPEC and Russia capped oil output in January 2017 to drive up prices. (Shutterstock)
October 4th, 2018 - 05:14 GMT

Saudi Arabia, Russia Will Not Lower Oil Prices, Despite Trump's Plea

The government announced earlier that it plans to raise a stake in Banque du Caire on the EGX, as part of its plan to float shares of public companies and banks on the stock exchange to raise between EGP 6bn and EGP 8bn per year. (Shutterstock)
October 3rd, 2018 - 07:38 GMT

Banque Du Caire Will Go Public, Raising up to EGP 8 Billion per Year

Essam al-Zamil was charged with a range of accusations, including membership of a terrorist organization. (PressTV)
October 3rd, 2018 - 07:29 GMT

Saudi Charges Economist Issam Al Zamil With "Terrorism" Because of His Critical Views on Bin Salman's Vision

EU member states will set up a legal entity to facilitate legitimate financial transactions with Iran. (Shutterstock)
October 3rd, 2018 - 07:18 GMT

Here's Why EU's Plan to Help Iran Ahead of US Sanctions Can Be Problematic

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