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Oil rises as gold drops
June 15th, 2026 - 06:13 GMT
P. Choiaqo

P. Choiaqo

Gold surges 2% and oil tumbles down 4% as US-Iran war comes to a close

ALBAWABA - After the peace deal between the US and Iran was announced, oil, which had been steadily decreasing, started dropping in earnest in anticipation of the deal between the two warring nations being signed in Geneva, Switzerland, on Friday. This eased concerns regarding inflation and interest rate hikes, allowing gold to surge 2 percent since this morning. After a lot of tumult and turbulence, it seems that the fear-driven ...
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Teachers and civil servants continue walk out over pay (Photo: Daily Star)
March 6th, 2013 - 10:35 GMT

Unions turn up the heat on Lebanese PM

B2B social media interaction set to soar
March 6th, 2013 - 10:10 GMT

GCC doing business on social media

The emir of Qatar has bought six uninhabited Greek islands.
March 6th, 2013 - 08:40 GMT

Qatar ruler takes title to 6 Greek islands

The IMF has said it thinks Jordan's economy will be back on track by 2015
March 6th, 2013 - 07:38 GMT

Jordan's economy to be back on track by 2015 - IMF

The number of public sector workers in Egypt dropped in the last fiscal year, with 1 million employed in security alone.
March 6th, 2013 - 03:03 GMT

Public sector shrinking in Egypt

Iraq will receive Russian arms by the summer, the Iraqi foreign minister said on Monday (Image for illustrative purposes)
March 5th, 2013 - 01:14 GMT

Russian arms due in Iraq by this summer

Sunset over the river Nile in Cairo
March 5th, 2013 - 12:58 GMT

Egypt turns to Iran in bid to boost tourism

Pipelines to transport crude oil from Iraq to Egypt  will be constructed
March 5th, 2013 - 12:31 GMT

Egypt strikes oil deal with Iraq

A man inspects a natural gas pipe in Bahrain
March 5th, 2013 - 10:45 GMT

Experts predict a bumper 2013 for the oil industry

Orascom Construction Industries denies it evaded Egyptian government tax (Image used for illustrative purposes)
March 5th, 2013 - 10:12 GMT

Denials over tax evasion case in Egypt

China has overtaken the US as the world's largest net importer of oil, according to a new report
March 5th, 2013 - 08:53 GMT

China overtakes US as 'world's largest oil importer'

Libya has resumed has exports to Italy following clashes near a gas instillation
March 5th, 2013 - 08:24 GMT

Libya resumes gas exports following clashes

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