Gold was steady on Wednesday but remained on track for its strongest annual gain in over four decades, while other precious metals fell sharply as investors booked profits after a strong, record-setting rally.
Leading Kuwaiti developer Mabanee has signed an Islamic financing agreement worth KD104.8 million ($341 million) with a 60-month tenor. These funds will be used to first settle the existing financing facilities and then boost liquidity for its activities.
Gold and silver prices logged new record highs today, driven by demand for safe-haven assets and growing expectations of another cut in US interest rates next year. Platinum and palladium prices also saw notable gains, said a report.
Chalhoub Group, a premier luxury retailer in the Middle East, said it has signed a solar lease agreement with Yellow Door Energy, a leading provider of sustainable energy solutions, to bring clean electricity to the Group's key fulfilment hub in Riyadh.
In a landmark move for the UAE’s financial and precious-metal market, Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has unveiled the ‘Emirates NBD Gold’.
India’s leading fine jewellery group Tanishq has launched its new flagship store in Dubai’s Meena Bazaar, thus transforming the neighbourhood where its international journey began into the launchpad for its next, larger chapter in the GCC.
American Express has announced the return of its Shop Small campaigns in Bahrain and Qatar in time for the holiday season. Under this, its members in Bahrain will receive BD2 on spending BD5 at participating shops and in Qatar, they will get QR2 on spending QR5 or more.
Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has entered into a lease agreement with Apple to open an iconic retail store at its premier retail district - Diriyah Square - within the City of Earth.
Arab Financial Services (AFS) said it has delivered a standout performance at Jewellery Arabia 2025, supporting seamless digital payments across the five-day event, recording 160% payment growth, one of the strongest years in terms of both domestic and global activity.
stc Bahrain has launched the kingdom's first VAT Free shopping initiative in telecom sector in partnership with the Planet VAT Free program. This service allows tourists to claim VAT refunds on purchases made at stc retail stores across Bahrain.
