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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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Corruption costs Yemen $10 billion, according to a new report
February 27th, 2013 - 08:41 GMT

Corruption costs Yemen billions

Etihad Rail has secured key finding to finance signature rail projects
February 27th, 2013 - 08:25 GMT

Etihad rail secures crucial funding

Three of Egypt's mobile phone operators are to be referred to public prosecutors
February 27th, 2013 - 08:10 GMT

Egyptian mobile operators referred to public prosecutors

Lebanon's Energy Ministry signed contracts for new power plants
February 27th, 2013 - 07:53 GMT

Lebanon trying to keep the lights on

Fuel prices are set to rise in Jordan by up to four per cent, according to President of Gas Stations Owners Association Fahed Al Fayez.
February 27th, 2013 - 03:29 GMT

Fuel prices to rise in Jordan

Data is set to overtake voice usage as the big money spinner for mobile operators by 2018, experts predict
February 26th, 2013 - 12:50 GMT

Data to trump voice by 2018

Tunisia plans to create 25,000 jobs with a new industrial zone
February 26th, 2013 - 11:13 GMT

Tunisia to create 25000 jobs with new pilot zone

A team of experts from Saudi Arabia and Bahrain recently held talks in Manama to discuss a rail link between the two nations
February 26th, 2013 - 11:03 GMT

Bahrain-Saudi rail link discussed

Strike action is crippling schools in Lebanon
February 26th, 2013 - 10:21 GMT

Schooling crippled in Lebanon as strike action takes hold

Egypt plans to raise as much as $1 billion by June from the sale of its first Sukuk.
February 26th, 2013 - 09:57 GMT

Egypt to raise much needed capital by Sukuk

Oil from Lebanon is being exported to Syria by ship after protesters blocked overland routes earlier this month
February 26th, 2013 - 08:11 GMT

Fuel heading to Syria from Lebanon by sea

Balance sheets for Lebanese financial institutions are starting to look health, increasing by 14 per cent
February 26th, 2013 - 07:30 GMT

Lebanese banking balance sheets increasing

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