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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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Retail sales in Lebanon have taken a hit, in part due to the Syrian crisis and political instability
March 5th, 2013 - 07:22 GMT

Retail sales in Lebanon falling

Egypt's net foreign reserves fell by $105 million in February to $13.508 billion, the Central Bank of Egypt (CBE) stated on Monday.
March 5th, 2013 - 03:44 GMT

Egypt's foreign reserves keep on falling

Protesters have broken into an Iraqi oil field demanding jobs
March 4th, 2013 - 12:36 GMT

Protesters break into Iraqi oil field

A new pipeline that bypasses the key oil trading route of the Strait of Hormuz is still operating at a limited capacity
March 4th, 2013 - 12:17 GMT

Pipeline that bypasses Strait of Hormuz still at limited capacity

Fuel prices will not increase in Egypt after new 'smart cards' have been introduced, misters have said
March 4th, 2013 - 11:42 GMT

'Smart cards' will not lead to fuel price rise in Egypt - Minister

Oman is planning on increasing oil production  to 940,000 barrels per day day as domestic demand increase in the Sultanate.
March 4th, 2013 - 11:17 GMT

Oman to increase oil production

The US announced on Sunday that it would begin to release economic assistance packages to the Egyptian government.
March 4th, 2013 - 08:53 GMT

Egypt to receive US economic aid

Royal Jordanian is diverting its flights from Amman to Beirut to avoid Syrian airspace
March 4th, 2013 - 07:52 GMT

Royal Jordanian diverts away from Syrian airspace

The US is threatening Islamabad with sanctions of the Iran-Pakistan gas pipeline
March 4th, 2013 - 07:40 GMT

US warns Pakistan of Iran pipeline deal

Egypt is hoping to secure an IMF deal before planned parliamentary elections in April
March 4th, 2013 - 07:23 GMT

Egypt wants IMF deal signed before April elections

Jordan is set to hand out the next round of cash support following the increase in the cost of fuel
March 4th, 2013 - 06:21 GMT

Jordan to distribute second round of fuel support

Fears are growing over a locust invasion in Egypt (FIle Photo)
March 4th, 2013 - 03:41 GMT

Locusts attacking Egypt

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