Top Commodities News

Oil prices reach $117

World oil prices extended gains on Thursday following a bigger-than-expected drop in inventories of US motor fuel. AFP - 21Aug 11:40GMT
Oil prices rise after petrol stocks fall

Oil prices rose Thursday after a larger-than-expected decline in US petrol stocks but gains were likely to be limited, analysts said. AFP - 21Aug 04:49GMT
Oil prices rise above $115

Oil prices extended recent gains Wednesday, with New York crude climbing above $115 a barrel, on prospects of a possible cut to OPEC production, traders said. AFP - 20Aug 09:59GMT
UAE steel industry set for 235 per cent growth by 2012

The UAE steel industry is expected to grow by more than 200 per cent from the current levels by 2012, according to the latest market research report, UAE Steel Industry Analysis Emirates Business 24/7 - 20Aug 06:52GMT
Oil prices rise after Venezuela moots output cut

World oil prices rose in Asian trade Wednesday on fresh supply concerns after key producer Venezuela indicated it could ask OPEC to cut output, dealers said. AFP - 20Aug 05:50GMT
Oil prices slide close to 110 dollars per barrel

World oil prices dropped near 110 dollars on Tuesday as traders expressed relief after Tropical Storm Fay avoided oil and gas production facilities in the Gulf of Mexico. AFP - 19Aug 11:25GMT
Oil Prices Fall Further On Demand Worries

World oil prices fell further on Tuesday, dragged down by worries that weaker US oil demand could spread to Europe and Japan, analysts said. AFP - 19Aug 07:28GMT
Sharp Drop In Steel Prices In UAE Is 'Temporary'

The sudden steep fall in the price of steel in UAE is a temporary development and will last only until October, say construction experts. Emirates Business 24/7 - 19Aug 06:24GMT
'Inflation To Remain An Investment Theme'

In spite of the commodity price spiral slowing down over the past quarter, inflation will remain an investment theme in the quarters to come, Merrill Lynch said Monday. Emirates Business 24/7 - 19Aug 06:17GMT
Genesis to build 3 manufacturing plants in Saudi Arabia

Genesis Worldwide Inc., said it has entered into a five-year license and services agreement with Sawabeh International Group of Riyadh, a diversified technology and construction group of companies, to construct three light steel panel manufacturing facilities within Saudi Arabia. The Saudi Gazette - 19Aug 05:56GMT

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Gold $/oz	825.80
Silver $/oz	13.62
Platinum $/oz	1,420.00
Palladium $/oz	291.30

Gold $/oz

Bid	825.80
Ask	825.80
Pct Change	+ 1.91%
Net Change	+ 15.50
YTD Change	- 1.09%
» Charting	13:25 GMT 21Aug

Silver $/oz

Bid	13.62
Ask	13.62
Pct Change	+ 4.50%
Net Change	+ 0.59
YTD Change	- 7.99%
» Charting	14:25 GMT 21Aug

Platinum $/oz

Bid	1,420.00
Ask	1,420.00
Pct Change	+ 3.73%
Net Change	+ 51.10
YTD Change	- 7.09%
» Charting	14:25 GMT 21Aug

Palladium $/oz

Bid	291.30
Ask	291.30
Pct Change	+ 4.58%
Net Change	+ 12.75
YTD Change	- 22.98%
» Charting	14:25 GMT 21Aug

Yellow Metal
Gold merchants are expecting the price of the precious metal to come down in the short term and remain stable in the near future.

Company Ranking

Ranked by Market Cap | No. of Employees | Total revenue

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	100,134
2	Saudi Telecom	Saudi Arabia	34,980
3	Al Rajhi Bank	Saudi Arabia	32,644
4	Emirates Telecommunications Corporation	UAE	29,910
5	Industries Qatar	Qatar	27,126
» View Full List

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