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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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Mozilla, the group behind the firefox open-source browser, has announced handsets based on its mobile operating system
February 26th, 2013 - 07:03 GMT

Mozilla announces mobile handsets

700 jobs have been secured in Jordan as part of a national employment campaign
February 26th, 2013 - 06:31 GMT

National employment drive secures 700 jobs in Jordan

Arab tourists from the Maghreb wil no longer require tourist visas to enter Egypt
February 26th, 2013 - 03:24 GMT

Maghreb tourists to go visa free in Egypt

Unemployment remains a big issue for the Palestinian economy, with over a quarter of the population without work
February 25th, 2013 - 12:29 GMT

Unemployment remains high in Palestine

Lebanon's Mina municipality in north Lebanon has been rated 'BB+' by the World Bank
February 25th, 2013 - 11:59 GMT

Must try harder: Mina, Lebanon rated BB+ by World Bank

Four Kuwaiti MPs are pushing for increased wages for employees throughout the country
February 25th, 2013 - 11:37 GMT

Push for higher wages in Kuwait

Is Saudi Arabia about to fall for solar energy?
February 25th, 2013 - 11:12 GMT

Could Saudi really be losing its taste for the black stuff?

Delays to the Iraqi budget are costing the country $27 million per day
February 25th, 2013 - 09:31 GMT

Budget delays cost Iraq $27 million a day

Egypt and Tehran are planning on boosting tourism between the two nations
February 25th, 2013 - 09:06 GMT

Egypt and Iran to boost tourism

Part-Abu Dhabi owned oil and gas company OMV posted a 25 per cent jump in revenues after revising production in Libya
February 25th, 2013 - 08:41 GMT

Libyan oil helps push 'OMV' profits higher

Jordan is set to introduce UN-approved software that would block access to online pornography
February 25th, 2013 - 08:15 GMT

Porn blocking software to be introduced in Jordan

Inflation in the GCC region eased to three per cent last year, down from 3.7 in 2011 as food prices stabilised
February 25th, 2013 - 07:56 GMT

Inflation easing in GCC region

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