Latest news with #595
Time Out Abu Dhabi
03-07-2025
- Sport
- Time Out Abu Dhabi
Tickets for the NBA Abu Dhabi are now on sale
Basketball lovers, do we have some great news for you: the NBA is heading back to Abu Dhabi later this year and tickets are now on sale. A collaboration between the National Basketball Association (NBA) and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), The NBA Abu Dhabi Games 2025 presented by ADQ will feature two big teams – the New York Knicks and the Philadelphia 76ers. The two teams will be playing preseason games on Thursday October 2 and Saturday October 4 at Etihad Arena on Yas Island. This is the fourth consecutive year the NBA has done a preseason pit stop in the UAE capital. The 2024 edition saw the Denver Nuggets go up against the Boston Celtics, plus a super fun NBA Fan Appreciation Day that saw six absolute football legends (Roberto Carlos, Luís Figo, Iker Casillas, Ronaldinho, Thierry Henry and Gerard Piqué) swap the pitch for the hardwood (and plenty of celeb spotting). Wondering who you'll get to on the court? The Knicks will be bringing along the two-time NBA All-Star Jalen Brunson, five-time NBA All-Star Karl-Anthony Towns and 2022 NBA All-Defensive First Team member Mikal Bridges. On the 76ers side, you'll be able to see the 2023 Kia NBA Most Valuable Player and seven-time NBA All-Star Joel Embiid doing his thing, plus nine-time NBA All-Star Paul George and 2024 NBA All-Star Tyrese Maxey. Tickets are available now from and starting from Dhs295 and going up to Dhs10,595 for Category 1. Speaking about the NBA's return, H.E., Saleh Al Geziry, director general for tourism at the Department of Culture and Tourism – Abu Dhabi, said: 'Hosting The NBA Abu Dhabi Games for a fourth consecutive year, in collaboration with the NBA, reflects our strategic commitment to growing basketball and empowering youth in the UAE and the region. 'We are thrilled to welcome two of the NBA's most iconic teams – the New York Knicks and the Philadelphia 76ers – for the games in 2025, and their participation reinforces Abu Dhabi's position as a premier destination for world-class sporting events.' Bring it on. From Dhs295. Thu Oct 2, 6pm and Sat Oct 4, 5pm. Etihad Arena, Yas Island, and More things to do in Abu Dhabi The concert line-up for Abu Dhabi in 2025 is looking absolutely insane 2025 is going to POP OFF Everything happening in Abu Dhabi in 2025 From new openings to big events, this is shaping up to be quite a year It's official: Abu Dhabi Comedy Season is returning for a second edition with some huge names Wow, look at this line-up Abu Dhabi's best restaurants: Everywhere you should eat at least once Your dinner inspo is sorted
Business Recorder
21-06-2025
- Business
- Business Recorder
Gold price per tola gains Rs1,465 in Pakistan
After declining in the previous session, gold prices in Pakistan increased on Saturday in line with their jump in the international market. In the local market, gold price per tola reached Rs358,465 after a gain of Rs1,465 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs307,325 after it gained Rs1,256. On Friday, gold price per tola reached Rs357,000 after a decline of Rs1,595 during the day. The international rate of gold also increased today. The rate was at $3,369 per ounce (with a premium of $20), an increase of $13, as per APGJSA. Meanwhile, silver price per tola declined by Rs11 to reach Rs3,785.
Business Recorder
21-06-2025
- Business
- Business Recorder
Gold prices further slip
KARACHI: Gold prices further slipped on Friday, mirroring international bullion market's persistent downturn, sliding near $3,350 per ounce, traders said. World market lost $16, as persistent fall dragged down bullion value to $3,356 per ounce, impacting the local gold prices significantly, according to the All Pakistan Sarafa Gems and Jewellers Association. The fresh drop pushed the local gold prices further down by Rs1,595 and Rs1,368, settling at Rs357,000 per tola and Rs306,069 per 10 grams respectively, it said. Domestic silver prices also saw a dip by Rs24 and Rs1 to Rs3,796 per tola and Rs3,254 per 10 grams. World silver rates stood at over $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Business Recorder
20-06-2025
- Business
- Business Recorder
Gold price per tola falls Rs1,595 in Pakistan
Gold prices in Pakistan decreased on Friday in line with their fall in the international market. In the local market, gold price per tola reached Rs357,000 after a decline of Rs1,595 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs306,069 after it fell Rs1,368. On Thursday, gold price per tola reached Rs358,595 after a decline of Rs460 during the day. The international rate of gold also decreased today. The rate was at $3,356 per ounce (with a premium of $20), a decrease of $16, as per APGJSA. Meanwhile, silver price per tola decreased by Rs24 to reach Rs3,796.
Express Tribune
19-06-2025
- Business
- Express Tribune
Foreign exchange reserves top $17b
The central bank said in its latest weekly update on Thursday that the country's foreign exchange reserves, held by the SBP, decreased $66 million to $8.15 billion in the week ended January 5, 2024 due to debt repayments. photo: file Listen to article Pakistan's total liquid foreign exchange reserves rose to $17.1 billion as of June 13, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday. During the week ended June 13, SBP-held reserves increased $46 million, reaching $11.7 billion. Meanwhile, net foreign reserves held by commercial banks stood at $5.3 billion. The increase in reserves is due to continued foreign inflows and central bank's purchases of dollars from local market. This has a dual impact on the economy. On the one hand, it provides cushion against upcoming external payment obligations and strengthens foreign currency reserves. On the other hand, it prevents the rupee from becoming stronger. In fact, the rupee has recently been on a downward trajectory, losing three rupees against the dollar in just one and a half month, reaching an 18-month low. Increasing imports and debt repayments are also the driving factors. This currency decline further erodes the already weak purchasing power of people. The State Bank reported net foreign exchange interventions of $223 million in February 2025, bringing cumulative purchases to $5.3 billion for the first eight months of FY25 (July 2024 to February 2025). On Thursday, the Pakistani rupee recorded a loss against the US dollar, slipping 0.03% in the inter-bank market. By the end of the session, the local currency stood at 283.64, down nine paisa compared to the previous day's close at 283.55. Meanwhile, gold prices in Pakistan declined on Thursday, mirroring a soft trend in the international market where bullion remained largely steady as escalating geopolitical tensions in the Middle East balanced the downward pressure from the US Federal Reserve's hawkish monetary outlook. Meanwhile, platinum prices slipped slightly after touching their highest level since September 2014. In the local market, the price of gold fell Rs460 per tola, settling at Rs358,595, according to data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). Similarly, the price of 10 grams of gold decreased Rs394 to Rs307,437. Internationally, gold prices were little changed as heightened geopolitical tensions offset pressure from the Fed's hawkish stance. Spot gold was down 0.1% at $3,365.79 an ounce at 1340 GMT. US gold futures fell 0.7% to $3,382.80. Interactive Commodities Director Adnan Agar noted that gold prices were in a holding pattern as markets awaited clarity on the Israel-Iran conflict. "Gold is on pause because the geopolitical situation, especially regarding Israel and Iran, remains unresolved. By the weekend, we'll know whether the US will intervene or not," he said. Agar added that platinum had recently gained attention, hitting a 10-year high after lagging behind other precious metals for an extended period. "For a long time, platinum and silver were undervalued compared to gold, which recently reached record highs. Now, as gold pauses, investors are turning to platinum and silver, driving their prices up. Both metals reached multi-year highs just a few days ago," he elaborated.
