Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55331941
Caption:

Undated file photo shows a salesman showing a customer gold rings at a jewellery shop in Riyadh. (Reuters)

Saudi Arabia looking to boost gold industry

by Fahd Baqmi | May 5, 2014 | Business

Jeddah, Asharq Al-Awsat—The Saudi government is taking substantive measures to transform the Kingdom into a regional gold trading hub, according to a number of investors active in the sector. Speaking to Asharq Al-Awsat, Tariq Feteihy, an investor in the Saudi gold...

Arab Spring economic hardships drive Mecca gold sales down

by Asharq Al-Awsat | Oct 12, 2013 | Business

Mecca, Reuters—Economic hardships brought about by Arab Spring uprisings have taken a toll on jewelry retail trade in Saudi Arabia’s Muslim holy city of Mecca, slashing gold sales by more than half compared to the same period last year, retailers said. Visitors...

Media ID: 55294047
Caption:

Multiple weighted gold bars sit in a stack in this arranged photograph at Gold Investments Ltd. bullion dealers in London, UK, on Thursday, November 1, 2012. (Photographer: Chris Ratcliffe/Bloomberg via Getty Images)

Saudi Arabia: Troubling Indications for Gold Traders in 2013

by Abdulilahi Al-Shadid | Feb 9, 2013 | Business

Riyadh, Asharq Al-Awsat—The gold market in Saudi Arabia continues to realize modest results in 2013, a time in which gold investors had expected the individual rate of sales to rise. This comes following a period of reluctance which lasted more than three years due to...