Author: Arabian Media staff
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Gold surged past $4,300 an ounce on Friday, headed for its biggest weekly gain since December 2008, as geopolitical and economic uncertainty along with growing US rate cut bets drove investors to the safe-haven metal. Spot gold rose 0.2 per cent to $4,332.17 per ounce, as of 1102 GMT, after scaling another record high of $4,378.69 earlier. US gold futures for December delivery jumped 1 per cent to $4,345.90. Read more-This Diwali’s gold boom is breaking records: What it means for your wallet? Gold is set for a gain of about 8 per cent so far this week. Earlier in…
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Louise Broekman, founding director of the Advisory Board Centre/Image: Supplied Across the Gulf, a quiet governance revolution is taking shape. Family businesses, sovereign investment entities, and corporates are rapidly adopting advisory board frameworks to bring transparency, accountability, and strategic clarity to decision-making. According to Louise Broekman, founding director of the Advisory Board Centre, the pace of this transformation is faster in the GCC than anywhere else. “While Europe has a long history of advisory boards, they are now gaining significant traction in the GCC,” Broekman said. “The GCC is a region with enormous ambition for the future, and big projects…
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Image: Getty Images Egypt raised prices on a wide range of fuel products on Friday, the country’s official gazette said, marking the second increase this year, in line with government policies to reduce subsidies and ease a budget deficit. The increases of 10.5 per cent to 12.9 per cent on a wide range of petroleum products followed a hike of nearly 15 per cent in April. Egypt’s petroleum ministry said the government would freeze domestic fuel prices for at least a year after Friday’s rise, citing local, regional and global developments. The ministry added that the petroleum sector would continue…