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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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Job creation isn't the government's job alone, the country's industry minster claimed on Tuesday
February 20th, 2013 - 03:00 GMT

Job creation not government's job alone - Egypt's Industry Minister

Egypt will begin to reduce fuel subsidies in April, the country's minister of petroleum and mineral resources said on Monday.
February 19th, 2013 - 11:53 GMT

Egypt to ration fuel subsidies in April - Petroleum minister

Citrus exports from Lebanon are surging
February 19th, 2013 - 11:53 GMT

Citrus exports remain sweet for Lebanon

Bahrain is to receive $3.5 billion form the UAE for development projects
February 19th, 2013 - 10:14 GMT

UAE grants Bahrain $2.5 billion for development

Turkey's foreign Minister urged businesses to invest in the MENA region
February 19th, 2013 - 09:58 GMT

Turkey calls for investment in MENA region

India is to increase its investment in Egypt, the Indian Ambassador said yesterday
February 19th, 2013 - 09:31 GMT

Egypt remains attractive to Indian investment

Oil companies in Lebanon deny fuel has been re-exported to Syria [file photo]
February 19th, 2013 - 08:03 GMT

Oil companies deny re-exporting fuel to Syria

Egyptian President Mohamed Morsi announced yesterday he is to reinstate the Port Said free zone
February 19th, 2013 - 07:46 GMT

Egypt: Morsi to reinstate Port Said free zone

The European Bank for Reconstruction and Development launched its operations in Jordan with a new office in the capital Amman.
February 19th, 2013 - 07:34 GMT

EBRD launches operations in Jordan

The Economist Intelligence Unit predicts the Lebanese economy will grow at 1.8 per cent in 2013
February 19th, 2013 - 07:17 GMT

Lebanon's economy to grow at 1.8 per cent - Economist Intelligence Unit

The European Union has agreed to continue sanctions on Syria as the arms embargo looks set to be partially lifted
February 19th, 2013 - 03:00 GMT

EU renews sanctions on Syria

The Egypt Independent, a weekly newspaper, has announced its closure, in a blow to media plurality
February 18th, 2013 - 12:11 GMT

Fresh blow to media plurality as Egypt Independent announces closure

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