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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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Jordan's sole producer of postash denies reports that it is considering importing Israeli gas
February 21st, 2013 - 08:06 GMT

Jordan denies plans to import Israeli gas

Egypt, the world largest importer of wheat, has enough supplies to last 126 days, the Cabinet announced on Wednesday.
February 21st, 2013 - 04:00 GMT

Egypt has 126 days of wheat supply

Dubai has no plans to privatise key utilities, according to the head of DEWA
February 21st, 2013 - 04:00 GMT

No plans to privatise utilities in Dubai

The Palestinian Authority announced on Tuesday that it will pay January's waged within the next two days
February 20th, 2013 - 12:52 GMT

Palestinian Authority to pay partial wages

Nominal GCC GDP is to hit a record high, according to a leading regional expert
February 20th, 2013 - 12:03 GMT

Nominal GCC GDP hits record high

Saudi Arabia’s gross domestic product grew by 31 per cent in 2011, according to a new report
February 20th, 2013 - 11:52 GMT

Saudi Arabian GDP posts massive 31 per cent increase

Apple was targeted by the same hacking group that attacked Facebook last week
February 20th, 2013 - 10:54 GMT

Cyber attack: Apple targeted by same group as Facebook hackers

Jordan's decision to cancel winter time saved the Kingdom $7 million, according to the country's Energy Minister
February 20th, 2013 - 10:34 GMT

Cancelling winter saved Jordan $7 million

Former Egyptian PM and Presidential candidate Ahmed Shafiq is to be referred to trial for embezzling public funds
February 20th, 2013 - 08:01 GMT

Former Egyptian PM faces prosecution over corruption

The gas facility at the centre of the Algeria hostage crisis is set to restart production on February 24
February 20th, 2013 - 07:49 GMT

Algerian hostage gas site to restart production

Jordan has created 8,800 jobs in just ten days to help ease unemployment in the Kingdom
February 20th, 2013 - 07:21 GMT

Jordan create 8800 jobs in just 10 days

Economists have warned against Lebanon's PM Mikati's real estate plans
February 20th, 2013 - 07:01 GMT

Lebanese PM's housing plan could price out local

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