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Gold and silver prices soared on Tuesday, with gold posting its biggest single-day gain since November 2008 as investors bought up the metals following the biggest two-day decline in decades. Spot gold rose 5.5% to $4,921.42 an ounce by 0944 GMT. It has rebounded from Monday’s low of $4,403.24, but last week’s $5,594.82 per ounce remains a historic high for now. U.S. gold futures for April delivery rose 6.3% to $4,945.60 an ounce. After posting a record 27% one-day drop on Friday, silver jumped 9.2% to $86.7 an ounce on Tuesday and fell another 6% on Monday. “The market was…

RAMALLAH — President Mahmoud Abbas has announced that elections for the Palestinian National Council (PNC) will be held on November 1, state-run Wafa news agency reported.This is the first time that members of the PLO parliament are elected by popular vote rather than by appointment.”Elections will be held as far as possible inside and outside Palestine to ensure the widest possible participation of the Palestinian people, wherever they live,” Abbas said in the proclamation.Abbas, who heads the Palestine Liberation Organization (PLO) and the ruling Palestinian Authority (PA), had previously postponed elections unless all occupied Palestinians were allowed to vote.Critics have…

Russia’s Deputy Foreign Minister Sergei Ryabkov announced this week that his country is ready for a world without restrictions on nuclear weapons after the end of the New START Treaty.”If the United States deploys a large number of missile defense systems on the island of Greenland, Russia will be forced to take compensatory measures in the military field,” Ryabkov said in a statement today (Tuesday).He added that the US approach to relations with Russia needs to change for the better before dialogue on strategic stability can resume. He noted that China has adopted a clear position on arms control, and…

Saudi Aramco announced today that it has successfully completed the issuance of $4 billion worth of international bonds in four tranches through its medium-term international bond program.Saudi Aramco will issue $500 million in senior notes due in 2029 with a return of 4.0% in the first tranche, $1.5 billion in senior notes with a return of 4.375% due in 2031 in the second tranche, and $1.5 billion in senior notes due in 2031 with a return of 4.375%; Nshe described $1.25 billion of senior notes due in 2036 and a return of 5.0%, and the fourth tranche is $1.5 billion…

Al Dar and Mubadala Investment Company have completed a strategic joint venture to create a premier retail platform anchored by Abu Dhabi’s two flagship assets, Yas Mall and The Galleria Luxury Collection, with a combined total asset value of approximately Dh10 billion ($2.72 billion). Managed by Aldar, the emirate’s largest developer, the new platform brings together high-occupancy, income-generating retail destinations. Aldar invested in Yas Mall and sovereign investor Mubadala added The Galleria Luxury Collection, creating a consolidated portfolio of prime assets worth approximately AED 10 billion. The partnership supports Abu Dhabi’s ambitions to expand its position as a global luxury…

Iran’s ambassador in Riyadh said relations with Saudi Arabia are “protected” and will not be compromised, stressing that the two countries share a commitment to regional security and stability and to avoiding escalation that could destabilize the region. In his remarks to Asharq Al-Awsat, Alireza Enayati said that coordination between the two countries continues, including visits and talks, some of which are held in public and out of the spotlight. “We must recognize the sensitivity of the current situation, given the recurring threats facing the region and the risk of unprecedented escalation,” Enayati said. “The Islamic Republic of Iran believes…

At a time when geopolitical and economic transformations are accelerating and the world system is becoming increasingly fragmented at the expense of humanity and society, Abdullah Saleh Kamel, President of the Islamic Chamber of Commerce and Member of the Board of Directors of the Federation of Saudi Chambers of Commerce, warned that the modern economy faces a structural moral crisis, requiring a rethinking of the model that puts values ​​at the center of economic decision-making.In his speech at the opening session of the 2026 Indonesia Economic Summit, Abdullah Kamel emphasized that the world today stands at a decisive economic and…

ABU DHABI – Saudi Arabia’s non-oil private sector continued to expand in early 2026, but at a slower pace than the previous month as increased demand supported business activity despite increased cost pressures, a survey showed on Tuesday. The seasonally adjusted Riyadh Bank Saudi Purchasing Managers Index, although in solid expansion territory, fell to 56.3 in January from 57.4 in December, its lowest level in six months. A PMI reading above 50.0 indicates growth in activity, while below it indicates contraction. Although new order growth was broadly flat in January, business activity was supported by solid market demand, new projects…

The Ministry of Education issued binding instructions to all schools prohibiting class merging and allowing students to leave school before the end of classes, as part of a comprehensive organizational plan aimed at strengthening discipline and continuing the educational process with high efficiency during the holy month of Ramadan.Spend 5% of class time on interactive activitiesThe Ministry has mandated that 5% of class time be deducted and that time be devoted to the implementation of interactive educational activities included in the school timetable. This contributes to developing students’ skills and promoting interaction within the educational environment.4 ways to execute your…

EGYPT – Aswan has been selected as the 2026 “Tourist City of the Year” by the Organization for Economic Co-operation in Developing Countries-8 (D-8) after receiving a majority vote of member states. The Egyptian city won the title for the second year in a row, following competition from three other nominated cities: Azerbaijan, Iran and Pakistan. The selection was made based on a coordinated effort between the Egyptian Ministry of Foreign Affairs and the Ministry of Tourism and Antiquities, which submitted a comprehensive file and promotional material detailing the city’s tourism infrastructure and assets. Founded in 1997, the D-8 organization…