Gold so far is surviving what appears to be the most hostile economic environment the world has ever experienced in recent history.
Revenues from the oil sector will continue to play a pivotal role in buffering the Middle East and North Africa (Mena) against fiscal shocks that may be triggered by volatile global economic condition
Despite the economic and geopolitical turbulence that rocked most of 2011, gold emerged as one of few asset classes that managed to ride out the storm with year-end prices soaring by nine per cent fro
Who would not be familiar with the Lehman Brothers’ fall from grace in September 2008 that sent shockwaves across the banking sector worldwide?
Elizabeth Taylor’s 33.19 carat colourless diamond ring may have broken records by selling at a recent auction for a whopping $8.8 million (Dh32.34m), but analysts at managing consulting firm Bain &a
Robust oil prices will help the six-nation Gulf region cushion the blow of a faltering global economy and see its fiscal growth at around 3.4 per cent next year, according to a forecast by Bank of Ame
China’s reduction of its rare earth metals’ exports by up to 35 per cent in the first half of 2011, may have rattled countries that import these types of materials.
Egypt has yet to heave a sigh of relief from the political tension that paralysed its economy as Moody’s upheld on Monday its B1 negative rating on the Middle East and North Africa (Mena) state.
The departure of any member from the 17-nation European single currency bloc could spell uncertainty and mounting concern of a possible financial contagion, says a commodities analyst.
Gold is expected to continue its steady northbound trajectory and could likely breach the $2,000 (Dh7,350)-per-ounce mark if current market fundamentals persist, according to a Saxo Bank analyst’s n
