Gold futures up $52, trade over $1,700 an ounce
On Monday, gold futures continued to climb through the Asian trading session. The contract was up $52.00 to $1,703.80 an ounce.
During the session, it...
Silver rose 19% in a month
Silver made impressive gains last week to close at its highest level since early April, when it was soaring higher towards its record level.
During...
Gold‘s uptrend to continue with slight corrections
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Gold continued advancing last week to reach to record highs and soared a little under $40 on Tuesday amid rising concerns...
S&P Downgrades US Credit Rating
UAE Central Bank Statement on U.S. Public Debt
The United States has lost its coveted top AAA credit rating. Credit rating agency Standard & Poor's...
HSBC to cut 30,000 jobs worldwide
International banking giant HSBC confirmed on Monday it would cut a further 25,000 jobs between now and 2013 as part of a broader cost-cutting...
U.S. strikes deal on debt ceiling; Markets rally
In the U.S., President Barack Obama and congressional leaders announced a historic agreement on emergency legislation to avert the country's first-ever financial default.
The resolution...
Commercial Bank of Dubai offers privileges for ‘Dubai SME 100’
Dubai SME, the agency of the Department of Economic Development (DED), Government of Dubai, entrusted with the development of the small and medium enterprise...
Notable Opportunity for Silver
Silver price stalled for the second week running as it battled around the $40 mark to post a decline, breaking a run of three...
Short Term Solutions – Long Term Problems
US still risks default and downgrade
Euro zone buys time
Few drivers of growth surprises- major economies still struggle
Equities are likely to see selling pressure
A positive-...
Ramadan Working Hours
Mohammad Obaid Al Qattami, Minister of Education and Chairman of the Board of the Federal Authority for Human Resources (FAHR) has issued a circular...
Emaar Properties records first-half 2011 net operating profit
Revenue for the first six months of 2011 is AED 4.014 billion (US$ 1.093 billion)
Second-quarter 2011 net operating profit of AED 422 million (US$...
Gold may settle at around $2,400 an ounce
Adjusted for inflation, gold would have to settle somewhere near $2,400 an ounce to supplant a record around $850 an ounce reached in January...
Sell-off in silver highly unlikely, but not to be ruled out
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Silver ranged sideways most of the time last week, managing to post a gain of around 15 cents.
The weekly chart for...
New precious metal boom or large correction?
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Gold advanced further for third week in a row, but the increase is minor when compared with the gains made in the...
World-class “smart home” solutions launched in Dubai
e-Home AUTOMATION, a member of Dubai SME, the agency of the Department of Economic Development (DED) in Dubai entrusted with promoting and advancing small...
First Arab woman accepted at Juilliard and NYUGAP
Dina Shihabi was born in Riyadh, Saudi Arabia, grew up in Dubai, and moved to New York City in 2007. She has recently been...
Accumulating metals seems to be the safest bet
Silver posted another impressive weekly gain as it climbed a further 5.5% to reach a high of near $39.30, just short of resistance at...
Is Gold ready for Correction?
The yellow metal rode the wave of macroeconomic woes last week to set a new all-time high close to $1,595 as it added...