Top Commodities News

Oil prices rebound above $119

World oil prices rebounded on Thursday, as it was announced that a key pipeline carrying crude from Asia to the West would remain shut for about 15 days following a recent explosion. AFP - 07Aug 10:01GMT
GE Energy announces service agreement with Qatalum

GE Energy announced a long-term service agreement for a greenfield plant which will be the cornerstone of Qatalum's plans to become the world's largest producer of aluminum. The Peninsula - 07Aug 07:35GMT
Oil prices move up slightly

Oil prices were slightly higher in Asian trade Thursday after steep falls in recent sessions on worries about waning energy demand, especially in the United States, dealers said. AFP - 07Aug 04:59GMT
Oil prices climb before US weekly energy report

World oil prices rebounded somewhat on Wednesday as traders awaited a weekly US crude stockpiles report that could shed fresh light on the strength of global energy demand. AFP - 06Aug 12:42GMT
Al-Rajhi Steel To Spend SR4Bn To Double Output

Al-Rajhi Steel Industries, one of Saudi Arabia's three largest steel producers, said it plans to spend up to SR4 billion ($1.07 billion) to more than double its production capacity by as early as 2012. Saudi Press Agency - 06Aug 10:33GMT
Oil drops below $119

Oil prices fell below 119 dollars in Asian trade Wednesday on continued worries about waning demand amid signs of slowing global economic growth, dealers said. AFP - 06Aug 05:17GMT
Oil Drop Once More Below $120

World oil prices fell below 120 dollars a barrel on Tuesday, a day after hitting the trough for the first time for three months, as slowing US demand for energy offsets tensions over crude-rich Iran, traders said. AFP - 05Aug 09:26GMT
Egypt to establish steel and cement companies

(Arabic) Egypt has allocated EGP35 billion to establish steel and cement companies. Al-Arabiya - 05Aug 07:58GMT
Dubai Gold and Commodities Exchange July volumes at record high

The overall volumes on Dubai Gold and Commodities Exchange (DGCX) reached an all-time high of 186,842 contracts in July, valued in excess of $12 billion (Dh44bn), an increase of 227 per cent over July 2007. Emirates Business 24/7 - 05Aug 06:58GMT
World Oil Prices Fall On Demand Fears

World oil prices fell in Asian trade Tuesday as fears about slowing US demand outweighed the increasing likelihood of heightened tensions over Iran's controversial nuclear programme, dealers said. AFP - 05Aug 04:26GMT

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Gold $/oz	870.70
Silver $/oz	16.23
Platinum $/oz	1,582.60
Palladium $/oz	347.20

Gold $/oz

Bid	870.70
Ask	870.70
Pct Change	- 0.56%
Net Change	- 4.90
YTD Change	+ 4.29%
» Charting	18:25 GMT 07Aug

Silver $/oz

Bid	16.23
Ask	16.23
Pct Change	- 1.49%
Net Change	- 0.25
YTD Change	+ 9.66%
» Charting	18:25 GMT 07Aug

Platinum $/oz

Bid	1,582.60
Ask	1,582.60
Pct Change	- 1.70%
Net Change	- 27.40
YTD Change	+ 3.55%
» Charting	18:25 GMT 07Aug

Palladium $/oz

Bid	347.20
Ask	347.20
Pct Change	- 1.98%
Net Change	- 7.00
YTD Change	- 8.20%
» Charting	18:25 GMT 07Aug

Mining IPO
Saudi Arabia's natural resources sector, for so long dominated by hydrocarbons, is set to expand further into minerals and metals.

Company Ranking

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

	Company	Country	Market Capital ($mil)
1	Saudi Basic Industries Corporation	Saudi Arabia	98,732
2	Saudi Telecom	Saudi Arabia	33,778
3	Al Rajhi Bank	Saudi Arabia	32,543
4	Emirates Telecommunications Corporation	UAE	31,703
5	Industries Qatar	Qatar	27,812
» View Full List

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