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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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Sheikh Mohammed rings the bell at the Dubai Financial Market on Wednesday. (Image courtesy: WAM news agency)
February 28th, 2013 - 01:15 GMT

Islamic finance pits UAE economy head and shoulders above the rest

flydubai has launched a cargo service to the UAE
February 28th, 2013 - 12:44 GMT

flydubai launches Russian cargo service

Up for sale? Not on your nelly! Egypt denies plans to sell or rent historic sites to ease the budget deficit
February 28th, 2013 - 12:00 GMT

Egypt denies trying to sell off the family silver

Iran and India should increase economic ties, India's President said on Wednesday
February 28th, 2013 - 09:04 GMT

Iran and India must work together - Indian President

Etihad Airways said on Wednesday it has bought three pairs of Indian carrier, Jet Airways’ slots of London Heathrow airport slots
February 28th, 2013 - 08:53 GMT

Etihad secures Heathrow slots

Egypt's budget deficit continues to rise
February 28th, 2013 - 07:25 GMT

Killing the green shoots of recovery? Egyptian budget deficit increases dramatically

Jordan thanked the Saudi Ambassador to the country on Wednesday for continued financial support
February 28th, 2013 - 07:01 GMT

Jordan thanks Ambassador for Saudi cash

Continued unrest is costing Egypt $15 million a day, the country's Minister of Finance said on Wednesday
February 28th, 2013 - 03:39 GMT

Egypt losing $15 million a day due to unrest

Construction workers in Egypt are strike, delaying the building of the new power plants
February 27th, 2013 - 12:18 GMT

Strikes hit Egyptian power plant construction

Iran and Pakistan are set to sign a key gas deal
February 27th, 2013 - 11:47 GMT

Tehran to receive Pakistani President to seal gas deal

Following a two month grace period, Jordanis to crack down on undocumented workers.
February 27th, 2013 - 11:21 GMT

Jordan to start crackdown on undocumented workers

IIraqi Airways has resumed direct flights to Kuwait on Wednesday for the first in more than quarter of a century.
February 27th, 2013 - 11:14 GMT

Iraqi Airways resume direct flights to Kuwait

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