作者: admin

  • Gold’s next leap? Analysts see $5,000 horizon, explain current calm market

    Gold’s next leap? Analysts see $5,000 horizon, explain current calm market

    The gold market, currently hovering around the $4,000-per-ounce mark, is experiencing a period of apparent calm. However, analysts suggest this tranquility may be deceptive, with the precious metal potentially poised for a historic surge to $5,000 per ounce by 2026. Despite its recent inability to sustain gains above the symbolic $4,000 threshold, the underlying sentiment remains strikingly optimistic. Ewa Manthey, a commodities strategist at ING, views the current pause as a healthy reset rather than a sign of exhaustion. She predicts gold prices will average $4,000 in Q4 2025 and rise to $4,100 in Q1 2026, supported by central bank purchases, physical demand, and expectations of lower interest rates. Central banks bought an estimated 220 tonnes of gold in Q3 2025, a 28% increase from the previous quarter. Investment flows have also turned favorable, with global gold-backed ETFs seeing holdings increase by 222 tonnes between July and September. Major financial institutions, including HSBC, Bank of America, and Société Générale, forecast gold could reach $5,000 in 2026, driven by geopolitical tensions, rising government debt, and strong demand from central banks and private investors. However, some analysts, like Alex Kuptsikevich of FxPro, caution that gold’s uptrend has technically broken down, citing strong Treasury yields and a hesitant Federal Reserve. Despite short-term uncertainties, the structural appeal of gold remains intact, with lower real interest rates and fiscal pressures likely to fuel renewed safe-haven demand. Analysts believe the groundwork for a fresh surge is firmly in place, positioning gold as a hedge against modern economic uncertainties.

  • UAE: Big reveal inside Pyramid to be announced in 2026, says prominent Egyptologist

    UAE: Big reveal inside Pyramid to be announced in 2026, says prominent Egyptologist

    A groundbreaking discovery within the Pyramid of Khufu in Egypt is set to be unveiled in 2026, according to renowned Egyptologist Dr Zahi Hawas. The announcement was made during a session titled “Secrets of the Pharaohs” at the 44th Sharjah International Book Fair. Using advanced technology, archaeologists have identified a 30-meter void inside the pyramid, complete with a door at its end. Dr Hawas, a former Antiquities Minister and Secretary-General of the Supreme Council of Antiquities, promised, “Next year, we will reveal to the world what lies behind that door.”

    The session also featured a virtual tour of the pyramid, showcasing Dr Hawas’ extensive explorations. Reflecting on his career, he expressed his desire to discover the tombs of Imhotep, the architect of the first pyramid, and Queen Nefertiti. Dr Hawas has been a vocal advocate for the repatriation of Egyptian antiquities, including the bust of Nefertiti, the Rosetta Stone, and the Dendera Zodiac.

    Dr Hawas also praised the newly inaugurated Grand Egyptian Museum (GEM), calling it one of the world’s greatest museums. Located near the Great Pyramids of Giza, GEM houses over 100,000 artefacts, chronicling Ancient Egypt’s history from prehistoric times to the Roman era. Additionally, he acknowledged the cultural contributions of Dr Sultan bin Mohammed Al Qasimi, Ruler of Sharjah, who once returned stolen Egyptian artefacts to their homeland as a gesture of goodwill.

  • What does UAE law say about car insurance costs, conditions?

    What does UAE law say about car insurance costs, conditions?

    In the United Arab Emirates, car insurance premiums and policy conditions are strictly regulated under national law to ensure fairness and transparency for vehicle owners. According to the Unified Motor Vehicle Insurance Policy Against Loss and Damage, insurers are permitted to charge a maximum premium of five percent for saloon vehicles and seven percent for four-wheel drive vehicles for a 13-month policy. These regulations are established under Insurance Authority Board of Directors’ Decision No. 25 of 2016 and Decision No. 30 of 2016, which govern motor vehicle insurance tariffs and policy frameworks. The law mandates specific clauses in every insurance policy, including the obligations of both the insurance company and the insured. Insurers are required to compensate for damages, repair or replace vehicles, and cover other stipulated losses. Meanwhile, policyholders must pay premiums, adhere to safety precautions, and ensure compliance with ownership and licensing requirements. Exclusions such as indirect losses, damages from overloading, or accidents occurring outside the policy’s geographical territory are also clearly defined. Additionally, the law allows for optional riders, enabling insurers and policyholders to agree on additional coverage for specific risks, such as damages to personal property or incidents occurring off-road. These provisions ensure that motor vehicle insurance in the UAE is comprehensive, standardized, and aligned with legal requirements. Ashish Mehta, founder of Ashish Mehta & Associates, emphasizes the importance of understanding these regulations to make informed decisions when renewing or purchasing car insurance.

  • Will NYC mayor-elect Zohran Mamdani who lives in 1BHK move to ancient mansion?

    Will NYC mayor-elect Zohran Mamdani who lives in 1BHK move to ancient mansion?

    Zohran Mamdani, the newly elected mayor of New York City, may soon trade his modest one-bedroom apartment in Astoria, Queens, for the grandeur of Gracie Mansion, the city’s official mayoral residence. Currently residing in a $2,300-a-month rent-stabilized apartment, Mamdani has expressed concerns about the space’s limitations, particularly after recent plumbing issues. His current home, a 1929 low-rise building, lacks the security and amenities that come with Gracie Mansion, a 226-year-old, 11,000-square-foot estate on the Upper East Side.

  • China launches Lijian 1 Y9 carrier rocket

    China launches Lijian 1 Y9 carrier rocket

    On November 9, 2025, China achieved another milestone in its space exploration endeavors with the successful launch of the Lijian 1 Y9 carrier rocket. The rocket, which carried two technical experiment satellites, took off at 11:32 am Beijing Time from the Dongfeng commercial space innovation pilot zone, located near the Jiuquan Satellite Launch Center in Northwest China. The mission was executed flawlessly, with the satellites being deployed into their designated orbits as planned. This launch underscores China’s growing capabilities in space technology and its commitment to advancing scientific research and innovation. The Lijian 1 Y9 rocket is part of China’s broader strategy to enhance its presence in the global space industry, leveraging cutting-edge technology and fostering international collaboration. The successful mission also highlights the country’s ability to conduct complex space operations with precision and efficiency, further solidifying its position as a key player in the global space race.

  • Dozens missing after migrant boat sinks near Malaysia-Thailand border

    Dozens missing after migrant boat sinks near Malaysia-Thailand border

    A tragic maritime incident has unfolded near the border between Thailand and Malaysia, leaving dozens of migrants missing and one confirmed dead. The Malaysian Coast Guard reported that a boat carrying migrants capsized on Thursday near Ko Tarutao, a southern Thai island. So far, ten individuals have been rescued, and the body of a Rohingya woman was discovered floating in the waters. Authorities suspect the victims were part of a larger group of approximately 300 migrants who had traveled on a bigger vessel before transferring to smaller boats as they neared Malaysia. Among those rescued near Langkawi, a Malaysian resort, were three Myanmar nationals, two Rohingya men, and one Bangladeshi man, according to Malaysia’s state-run agency Bernama, citing a police chief. The search for additional survivors continues as maritime officials work tirelessly in the area. The Rohingya community, predominantly Muslim, has been fleeing Myanmar in large numbers in recent years to escape persecution. Additionally, the dire conditions in refugee camps in Bangladesh have forced many to embark on perilous journeys aboard overcrowded vessels, hoping for a better life in Malaysia. Reports indicate that many of these migrants paid upwards of $3,000 for their passage, highlighting the desperation and risks involved in their quest for safety and stability.

  • UAE weather: 9.8°C lowest temperature recorded in Al Ain on Nov 9, says NCM

    UAE weather: 9.8°C lowest temperature recorded in Al Ain on Nov 9, says NCM

    The United Arab Emirates (UAE) has officially entered its winter season, marked by a significant drop in temperatures. On November 9, 2025, the National Centre of Meteorology (NCM) reported that the mercury plummeted to 9.8°C in Al Ain’s Raknah area at 6:30 AM, marking the lowest temperature recorded in the country so far this year. This reading underscores the transition from the scorching summer months to the cooler winter period, which typically spans from November to March. During this season, daytime temperatures in most regions range between 15°C and 25°C, offering a refreshing change from the intense heat. Historically, the UAE has experienced even colder conditions, with the lowest temperature ever recorded being -5.7°C on February 3, 2017, at Jebel Jais, the nation’s highest peak in Ras Al Khaimah. Earlier this year, on January 4, 2025, Jebel Jais recorded a low of 1.9°C, just a day after hitting 2.2°C. As winter progresses, residents and visitors alike can expect milder weather, providing a welcome respite and opportunities to enjoy outdoor activities.

  • One photo that captures tenderness amid chaos in the Philippines as Typhoon Fung-wong hits

    One photo that captures tenderness amid chaos in the Philippines as Typhoon Fung-wong hits

    In the midst of the chaos brought by Super Typhoon Fung-wong, Judy Bertuso, 63, sits inside a bright orange tent on the floor of a basketball court in Quezon City, Philippines. With deliberate tenderness, she feeds porridge to her 65-year-old husband, Apollo, who is recovering from a stroke. The translucent plastic walls of the tent frame his frail figure as he sits in a wheelchair. Judy, dressed in a wrinkled T-shirt and shorts, moves with a quiet exhaustion, her actions reflecting a lifetime of mutual care and devotion. The couple had evacuated their creekside home the day before, fearing a repeat of the flooding they experienced during heavy rains in October. When warnings urged residents to seek higher ground ahead of the storm, they heeded the call without hesitation. Fung-wong, the most powerful typhoon to threaten the Philippines this year, unleashed winds of up to 185 kilometers per hour (115 mph) and gusts reaching 230 kph (143 mph), battering the northeastern coast and displacing over a million people. Inside the shelter, rows of bright tents house dozens of families. The wind howls outside, but within the walls, the hum of quiet conversations and the laughter of children create a semblance of normalcy. Amid the uncertainty, Judy’s steady hand trembles slightly as she feeds Apollo, a silent testament to the enduring power of care and resilience in the face of nature’s fury.

  • AI trust issues: Why ChatGPT’s confidence can mislead users

    AI trust issues: Why ChatGPT’s confidence can mislead users

    As ChatGPT continues to revolutionize the way we work, learn, and create, a growing concern has emerged: users are placing too much trust in this AI-powered tool. While its ability to generate text with remarkable speed and confidence has made it a global favorite, experts warn that this very confidence can be misleading. From factual inaccuracies to privacy risks, the pitfalls of over-reliance on ChatGPT are becoming increasingly apparent across various sectors. Sam Altman, CEO of OpenAI, has openly acknowledged that the AI ‘hallucinates,’ producing information that sounds credible but may be entirely fabricated. This poses a significant challenge, particularly in education and research, where the chatbot has been known to cite non-existent sources or generate false data. The Times of India has reported that educators are concerned about the erosion of critical thinking skills and the spread of misinformation due to unchecked AI use. Beyond accuracy, privacy is another critical issue. Users often share sensitive information with ChatGPT, unaware that their data could be stored or used to train future models. In one notable incident, developers inadvertently leaked internal company data while using the chatbot to debug code. As businesses increasingly integrate AI tools, many are now implementing strict policies to prevent the unintentional sharing of confidential information. Analysts also emphasize that certain tasks, such as medical or legal advice, financial forecasting, and ethical decision-making, should never be entrusted to ChatGPT without human oversight. While some schools have banned the tool outright, many educators advocate for a more balanced approach, focusing on AI literacy and responsible use. The key, experts agree, is to treat ChatGPT as a starting point rather than a definitive source. As the technology evolves, the human touch remains indispensable in distinguishing fact from fiction and ensuring that AI serves as a tool for enhancement, not replacement.

  • Syrian president arrives in US for landmark visit, to meet Trump at White House

    Syrian president arrives in US for landmark visit, to meet Trump at White House

    In a groundbreaking diplomatic move, Syrian President Ahmed al-Sharaa arrived in the United States on Saturday, marking the first official visit by a Syrian leader since the country’s independence in 1946. This historic trip follows the US State Department’s decision to remove Sharaa from its terrorism blacklist, signaling a significant shift in bilateral relations. Sharaa is scheduled to meet with US President Donald Trump at the White House on Monday, where discussions are expected to focus on Syria’s reconstruction efforts after 13 years of devastating civil war. The World Bank estimates the cost of rebuilding Syria at a staggering $216 billion, highlighting the immense challenges ahead. The visit also underscores Syria’s efforts to shed its violent past and present a more moderate image to the international community. US envoy to Syria, Tom Barrack, hinted at the possibility of Syria joining the US-led coalition against the Islamic State (IS), further cementing this new era of cooperation. The removal of UN sanctions against Sharaa earlier this week and the delisting of his former group, Hayat Tahrir al-Sham (HTS), from the US terrorism list in July, are seen as pivotal steps in this diplomatic thaw. Analysts view this visit as a symbolic moment for Sharaa, who has transitioned from a militant leader to a global statesman, and a testament to the US commitment to supporting Syria’s new leadership.