Economy

Saturday, November 6, 2021, the price of gold in Lebanon today

Published

2 years ago

November 6, 2021

Today, Saturday, November 6, 2021, the price of gold in Lebanon rose, supported by the rise of the world precious metal.

Gold prices in Lebanon today

A gram of 24 carat gold in Lebanon was worth 89,362 thousand pounds ($ 58.49), which was 87,200 thousand pounds ($ 57.66) at the close of trading on Friday.

The price of a gram of 21 carat gold in Lebanon rose during trading on Saturday to 78,194 thousand pounds ($ 51.18) and yesterday 76,302 thousand pounds ($ 50.48).

The price of a gram of 18 carat gold in Lebanon rose during early trading on Saturday, hitting about 67,022 thousand pounds ($ 43.87) compared to 65,401 thousand pounds ($ 42.81) at the close of trading on Friday.

The price of 14 grams of 14 carat gold in Lebanon on Tuesday was about 52,128 thousand pounds ($ 34.12) and the price of 12 carat gold in Lebanon was about 44,681 thousand pounds ($ 29.24).

Gold price per ounce and pound

The price of an ounce in Lebanon on Saturday morning was about 2.779 million pounds ($ 1819) and the price of a pound of gold in Lebanon was about 625,548 thousand pounds ($ 409.43).

Gold prices today

Gold rose more than 1% at the end of Friday – more than 1% at the end of last week’s trading – close to its two-month high, as demand for the metal increased this week as major central banks were reluctant to change interest rates. Considered a safe haven.

And gold rose 1.2% in immediate trade to $ 1813.36 an ounce (an ounce), registering an increase after a 0.3% fall, as a result of data showing that jobs in the United States rose more than expected in October.

U.S. gold futures for December delivery rose 1.3 percent to $ 1816.80 an ounce.

The limited reaction to the data demonstrates that “despite strong labor market reports, this does not change what Federal Reserve Chairman Jerome Powell pointed out this week.”

The Federal Reserve stuck to its view on Wednesday that inflation would prove to be “temporary” and would not require a sharp rise in interest rates. After that, the Bank of England surprised markets by not changing interest rates.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

OPEC Secretary General: Lack of Oil Investments Threatens Energy Security

Published

16 hours ago

October 3, 2023

Nadia Barnett

OPEC Secretary General: Lack of Oil Investments Threatens Energy Security

Oil prices rose 30 percent in the third quarter as supply shortages persisted

ABU DHABI, TOKYO – Reuters: A lack of investment is putting energy security at risk, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al-Qais confirmed yesterday at the ADIPEC oil conference in Abu Dhabi. OPEC’s secretary-general added: “We call for continued investment in the oil and gas sector, and we believe calls to freeze investment will be counterproductive,” Reuters reported.
Al-Qais confirmed that OPEC is optimistic about oil demand.
In the middle of last month, the chief OPEC official warned against abandoning fossil fuels in his first response to the International Energy Agency’s latest reports.
OPEC Secretary General Haitham al-Qais said that abandoning fossil fuels would “lead to energy chaos on an unprecedented scale, with dire consequences for economies and billions of people around the world.”
Major international oil major BP said countries around the world should invest in oil and gas production to avoid a sharp rise in their prices, while accelerating the energy transition to tackle greenhouse gas emissions.
(ADIPEC 2023) is considered to be the largest event in the world’s energy and oil industry and is supported by the Ministry of Energy and Infrastructure in the United Arab Emirates and a group of partners. It is a platform for exchange of ideas and global debate. Challenges affecting energy markets and their effects on prices, including political challenges and international conflicts and their impact on energy supplies, provide a roadmap and future solutions to support and develop a sustainable, secure and low-cost energy system.
In turn, oil prices rose on Monday, recovering some of their losses from last Friday, as investors focused on global supply shortages and expectations of a last-minute deal to avoid a US government shutdown, which restored their appetite for risk. By 09:49 GMT, Brent crude futures for December delivery were up 54 cents, or 0.59%, at $92.74 a barrel, after falling 90 cents in last Friday’s session. Brent crude oil for November delivery was down seven cents at $95.31 a barrel when the contract closed last Friday.
West Texas Intermediate crude futures were up 49 cents, or 0.54%, at $91.28 a barrel, after falling 92 cents.
Both crudes rose nearly 30% in the third quarter, supported by expectations that oil supply shortfalls will widen in the fourth quarter after OPEC+ extended voluntary production cuts until the end of the year.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

Emirates News Agency – “Kadem” mission showcases critical communications capabilities at Oman Defense, Security and Fire Expo

Published

24 hours ago

October 2, 2023

Nadia Barnett

Emirates News Agency – “Kadem” mission showcases critical communications capabilities at Oman Defense, Security and Fire Expo

Monday, October 2, 2023 – 5:57 p.m

ABU DHABI, 2nd October, 2020 (WAM) – “Katem”, a subsidiary of EDGE Group and a leader in developing innovative and ultra-secure communication solutions, is participating in the Oman Defense, Security and Fire Exhibition 2023. Showcase an advanced portfolio of ultra-secure devices and network encryption solutions.

The international exhibition, to be held in Muscat on October 9 and 10, is an important forum for the critical communications sector in the Gulf Cooperation Council countries and the Middle East region in general.

During the event, the company will showcase its next-generation secure smartphone, which aims to offer advanced security features and capabilities to meet mission-critical needs.

Katam’s participation in the exhibition is a strategic move aimed at reaffirming its commitment to mission-critical sectors including emergency response, public safety and critical infrastructure protection. The company’s booth will showcase a range of ultra-secure devices, including KATIM X2, an ultra-secure 5G smartphone for government leaders, senior executives, emergency responders, individuals and teams handling sensitive information. and the KATIM R01, a rugged smartphone for critical communications in harsh field conditions.

KATIM will showcase its latest network encryption software, the KATIM Gateway 9011, which provides advanced post-quantum encryption for sensitive communications and data transmission to address increasing data interference during data transmission. Exhibitors can visit Katam at booth F10 to meet the company’s team and learn more about secure communications solutions for mission-critical operations.

Mustafa Badr al-Din / Ahmad al-Nu’imi

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”

Economy

38,344 new accounts in “Dubai Market” within 9 months

Published

2 days ago

October 2, 2023

Nadia Barnett

38,344 new accounts in “Dubai Market” within 9 months

Brokerage firms in the Dubai Financial Market added 38,344 new investor accounts in the first nine months of this year. The number of new accounts fell by about 2.3% in the first 9 months, compared to 39,250 new accounts in the same period in 2022.

Last September, 3,526 new accounts, 4,295 accounts in August, 3,570 accounts in July, 4,246 accounts in June, 5,349 accounts in May, 4,246 accounts in April, 6,591 accounts in March, 3,436 accounts in February and 3,082 accounts were distributed in February. .

“Emirates NBD Securities” led the way in new investor accounts in the first nine months with 8,719 accounts, followed by “BHM Capital” with 7,206 accounts, then “Al Ramz Capital” with 6,297 accounts, followed by “Abu Dhabi Islamic Securities”. 4,375 accounts, “International Bonds” 3,024 accounts and “Mashreq Securities” 2,261 accounts.

“EFG Hermes – UAE” reached the eighth position with around 1,154 accounts, followed by “Abu Dhabi Commercial Securities” with around 941 accounts, “First Abu Dhabi Securities” with 786 accounts, “Arqaam Securities” with 714 accounts and “Sharjah Islamic”. Services” 552 accounts, HSBC Middle East 505 accounts, Shurooq Stocks and Bonds 505 accounts and Al Ansari Financial Services 382 accounts.

Nadia Barnett

“Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator.”