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Despite the sudden and historic collapse in gold prices last weekend, and heavy losses in a short period of time, JPMorgan expects gold prices to reach $6,300 per ounce by the end of the year due to demand from central banks and investors, given the strong wave of decline after the precious metals market reached a level of $5,597.04 per ounce and the price fell to $4,401.05 per ounce. Similar.Diversification of structureThe bank explains in a research note: “Given the outperformance of physical assets versus paper assets, we remain very optimistic about gold over the medium term, supported by a…

UAE – Binhatti Holding, the UAE’s leading property developer, announced record financial results for the year ended 31 December 2025, highlighting strong sales execution, disciplined deliveries and continued strengthening of the Group’s balance sheet. Net profit increased 96% year-on-year to AED 3.58 billion ($974.81 million), reflecting strong operating leverage, efficient execution and continued strong demand for Dubai real estate. The company’s sales nearly doubled year-on-year to AED 12.43 billion ($3.38 billion), compared to AED 6.34 billion in 2024, due to strong sales momentum, accelerated project handovers, and the continued success of Binhatti’s optimally diversified portfolio across mainstream, premium mainstream, luxury…

LONDON – Just ahead of a week packed with corporate earnings, central bank meetings and major economic data, global stocks fell on Monday as a sudden and massive drop in precious metals forced investors to dump other assets to cover losses. Silver fell another 7% on top of Friday’s 30% plunge and was headed for its biggest two-day decline since at least the 1980s. Pressure on many silver futures funds in China fueled a decline late last week, which worsened on Monday when the CME raised margins on many futures contracts, including silver and gold, dealers said. Oil prices also…

Aden – Yemen’s Ministry of Justice and Human Rights has accused the United Arab Emirates and its affiliated forces of gross human rights violations in Yemen, citing numerous complaints from citizens and civil society groups alleging assassinations, kidnappings, enforced disappearances, torture and detention in secret prisons.In a statement carried by the Yemeni News Agency (Sabah) on Monday, the ministry said it had received multiple reports alleging that Emirati officials, officials, UAE-backed Yemeni elements, and foreign mercenaries were involved in what it described as “grave crimes and grave human rights violations.”The ministry said these violations contradict the principles on which the…

Minister of Islamic Affairs Dr. Abdul Latif Al-Sheikh has instructed preachers in mosques across Saudi Arabia to dedicate next Friday’s sermons to the dangers of injustice, warning against injustice and explaining that the greatest and most dangerous injustice is polytheism against Almighty God. Because it puts worship in the wrong place and distributes it to those who don’t deserve it. It is also unjust because the servant wrongs himself by sinning, ignoring duty and obedience, and ignoring God’s limits.Preachers also warned people not to oppress each other with blood, money, honor, or other rights. Explain that among the forms of…

Gold prices have recorded a sharp decline since the early hours of Thursday, incurring huge losses in a short period of time considering the significant decline that hit the precious metals market.An ounce of gold reached a high of $5,597.04 in the early hours of Thursday, equivalent to the value of about 674,443 Saudi riyals per kilogram of gold.However, the price continued to fall sharply, subsequently dropping by 21.37% to $4,401.05 per ounce, equivalent to 530,327 riyals per kilogram.Thus, since the early hours of Thursday, one kilogram of gold has lost 144,117 riyals, one of the largest and quickest losses…

EGYPT – Hassan Alam Properties plans to execute new projects worth EGP 14 billion during 2026 and will launch a dedicated hospitality brand to manage its expanding hotel portfolio, said Vice Chairman and CEO Mohamed Alam. The company has diversified beyond residential development into hospitality, sports and education through partnerships with local and international organizations. The new hospitality brand will manage its own hotel projects as well as third-party developments, Alam revealed. Hassan Allam Properties is currently developing four hotels in New Cairo, 6th of October City, and the North Coast. With a total number of approximately 700 rooms, the…

LONDON – The dollar held steady gains on Monday as investors weighed what the Federal Reserve would look like under Kevin Warsh’s administration, but sharp falls in precious metals and oil prices weighed on commodity currencies. The decline in commodities spilled over into stock markets in Asia and Europe, and in Japan it was the start of a tense week filled with central bank meetings, major economic data and even an election. The yen once again attracted the attention of traders over the weekend after Japanese Prime Minister Sanae Takaichi emphasized the benefits of a weaker yen in a campaign…

Kuwait’s cabinet reshuffle also includes foreign minister, finance minister, and information minister. Kuwait’s Emir Sheikh Meshal Al Ahmad Al Jaber Al Sabah issued an Emirati Decree on Sunday ordering a cabinet reshuffle affecting eight ministerial posts, mainly in the Ministry of Foreign Affairs, Ministry of Finance and Ministry of Information. Based on this decree, Osama Khaled Abdullah Budai was appointed Minister of Commerce and Industry. Sheikh Jarrah Jaber Al Ahmad Al Sabah was appointed Minister of Foreign Affairs. Abdullah Subaih Abdullah Bukhtein is appointed Minister of Information and Culture. Yaqub Al-Sayed Yousef Al-Sayed Hashem Al-Refaee is appointed Minister of Finance.…

Following President Massoud Pezeshkian’s directive to start the nuclear negotiation process and a formal move to discuss the possibility of entering into negotiations with the United States within the framework limited to the nuclear file, Iran’s Fars Agency hinted at the possibility of reaching an agreement between Tehran and Washington on starting new negotiations.Iran’s Tasnim news agency quoted sources as confirming that negotiations between Iran and the US could begin within the next few days with the participation of senior officials from both sides.The location and time of the talks have not yet been determined, and these potential talks are…