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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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Facebook revealed it was the target of a sophisticated malware attack, but insisted users data remained secure
February 17th, 2013 - 10:51 GMT

Facebook and FBI team-up to hunt down hackers

The Egyptian Youtube ban may not be possible, according to the country's telecoms authority
February 17th, 2013 - 10:35 GMT

No Youtube ban for Egypt - Telecoms authority

Lebanon's Prime Minister, Najob Mikati, averted strike action by referring potential pay increase to parliament early
February 17th, 2013 - 09:55 GMT

Lebanon's PM averts strike action

Egypt has had returned around $174 million is cash and assets after it reached a reconciliation deal with Mubarak-era figures
February 17th, 2013 - 09:21 GMT

Egypt reaches reconciliation deal with Mubarak-era figures

German oil firm Wintershall has said it will remain in Libya, as it struggle to increase production
February 17th, 2013 - 08:58 GMT

German oil firm to remain in Libya

Beirut has received one of two power-generating ships in an effort to stop power cuts
February 17th, 2013 - 07:45 GMT

Power ship arrives in Lebanon

Egypt’s unemployment rate saw a slight rise of 0.5 percent quarter on quarter in Q4 of 2012, new figures show
February 17th, 2013 - 03:35 GMT

Unemployment creeping up in Egypt

Bakeries in Lebanon are threatening to go on strike, saying they need increased flour to deal with more Syrian refugees
February 14th, 2013 - 11:57 GMT

Let them eat bread: Bakeries threaten strike in Lebanon

Egypt is ready to take delivery of a further 20 F-16 fighter jets from the US
February 14th, 2013 - 11:42 GMT

Egypt ready to take delivery of US fighter jets

Tourism in Tunisia is taking a hit after the assassination of opposition leader Chokri Belaid
February 14th, 2013 - 11:29 GMT

Tourism taking a hit in Tunisia

Lowered interest rates could be a good sign for Yemen's economy, experts say
February 14th, 2013 - 10:58 GMT

Experts point to decreased interest rates as sign of 'green shoots' for Yemen's economy

Lebanon's Prime Minister, Najib Mikati, will send proposed pay rises for public sector workers to parliament next week
February 14th, 2013 - 10:33 GMT

Lebanon's PM to put public sector pay rises to parliament next week

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