Gold glory for Saudi Arabia
Gold
Jeddah - Arab Today
With nearly 333 tons of gold reserves, the Kingdom ranks 16th globally and first among Arab countries. The US ranks first in the world in terms of gold reserves.
This has been revealed by the 2016 Gold Demand Trends (Q2) report issued by the World Gold Council.
Demand for gold increased by 15 percent, from 910.4 tons in the last quarter of 2015 to 1050.2 tons in the second quarter of 2016.
The total supply of gold increased by 10 percent during the second quarter of 2016, from 1041.7 tons at the end of 2015 to 1144.6 tons in the second quarter of 2016.
Demand for jewelry and precious items accounted for the largest share of the gold business, despite a decline in demand by 14 percent.
Saudi Arabia ranked 6th with 16.7 tons in the second quarter of 2016. The UAE ranked 10th globally, with consumer demand for gold reaching 12.5 tons. China maintains the top position.
Source: Arab News
- Wednesday ,03 January GMT 17:42 2018 PML-N fulfilled its obligation to overcome country’s energy deficit: PM
GMT 17:42 2018 Wednesday ,03 January
PML-N fulfilled its obligation to overcome country’s energy deficit: PMGMT 17:39 2018 Wednesday ,03 January
BP says to take $1.5bn hit on US tax reformsGMT 17:36 2018 Wednesday ,03 January
China factory activity accelerated in December: CaixinGMT 10:46 2017 Thursday ,21 December
China's economic growth to slow next yearGMT 17:25 2017 Tuesday ,19 December
GFH acquires two trophy Chicago properties for US $150 millionGMT 11:59 2017 Tuesday ,19 December
N. Korean incomes improving but far below SouthGMT 15:16 2017 Thursday ,14 December
EU agrees increases in fishing quotasGMT 12:32 2017 Thursday ,14 December
N. Korea's overseas financial network squeezed by US
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 08:42 2017 Monday ,26 June
China releases Nobel laureate Liu Xiaobo with terminal cancer
GMT 08:05 2017 Monday ,30 October
For Syria regime, Raqa still occupied despite IS ouster
GMT 06:35 2017 Thursday ,31 August
Eid al-Adha holiday for federal government announcedGMT 10:59 2012 Wednesday ,16 May
National list of endangered species soon
GMT 17:38 2016 Saturday ,23 April
Security Council ‘gravely concerned’ over fragile security situation
GMT 09:06 2018 Tuesday ,23 January
US warns Russia on Syria chemical attack report
GMT 18:40 2018 Sunday ,21 January
Yemen’s Houthis ‘help prisoners escape in exchange for joining fight’
GMT 03:22 2017 Thursday ,02 March
Pakistan hosts 10-nation regional economic summit
GMT 09:35 2015 Saturday ,11 July
5 al-Qaeda elements killed in US drone strike in Yemen
GMT 10:47 2017 Monday ,27 March
Asian markets down on fears about future of Trump agenda
GMT 08:50 2018 Sunday ,07 January
India's Pandya defies South African bowlers
GMT 00:21 2017 Wednesday ,11 January
Iran to start gas exports to Iraq once payments made
GMT 17:57 2017 Tuesday ,05 December
Assistant Foreign Minister attends GCC meeting
GMT 14:23 2017 Monday ,04 September
Colombia government, ELN rebels agree ceasefire
GMT 05:31 2015 Sunday ,05 April
Williams romps to eighth Miami crown
GMT 09:54 2017 Tuesday ,07 March
Lee and Lin face emotional farewells
GMT 12:30 2017 Monday ,27 November
Trudeau urges international community
GMT 09:06 2017 Wednesday ,19 April
Trump — from Syria to North Korea
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
