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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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Gas exports to Libya has suspend gas exports to Italy following clashes near a gas facility in the north west of the country. (FIle Photo)
March 3rd, 2013 - 01:11 GMT

Libya suspend Italian gas exports following clashes

Gulf Air has officially notified staff of redundancies at the troubled airline
March 3rd, 2013 - 11:37 GMT

More turbulence ahead for Gulf Air

Japan is to provide financial aid to several Middle Eastern nations to assist with "regional stability and democratic transformations"
March 3rd, 2013 - 11:18 GMT

Middle East to receive more Japanese aid

The financing of terrorism is to be specifically outlawed in Morocco.
March 3rd, 2013 - 09:07 GMT

Morocco moves to outlaw terrorist financing

The Middle East will still play a pivotal role in providing oil to the global economy, a US think tank said
March 3rd, 2013 - 08:47 GMT

MENA to remain 'pivotal' to global energy supply

Work on a much-delayed Iran-Pakistan gas pipeline will start on March 11, officials said on Friday
March 3rd, 2013 - 08:37 GMT

Delayed Iran-Pakistan pipeline project to start

After 13 years of trying, Yemen is still pushing to join the World Trade Organisation
March 3rd, 2013 - 08:18 GMT

Yemen still pushing to join WTO

Saudi comapnies have reiterated their suport for further female employment in the Kingdom
March 3rd, 2013 - 07:01 GMT

Saudi companies reiterate support for hiring women

The US Secretary of State has said Egypt needs political consensus to help push through changes necessary an loan from the IMF
March 3rd, 2013 - 06:11 GMT

Consensus needed on Egypt's IMF loan - John Kerry

Egypt will soon be able to export strawberries to the USA
March 3rd, 2013 - 03:44 GMT

Egypt to export strawberries to US

Egypt is to formally invite the IMF to discuss the much delayed $4.8 billion loan to the country
February 28th, 2013 - 01:49 GMT

Egypt to formally invite IMF - Planning Minister

Khaled Al-Ghunaim
February 28th, 2013 - 01:36 GMT

Saudi 'Telecom's' CEO wants to keep it local by exploiting profitable doorstep market

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