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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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International credit ratings agency Moody's downgraded Egypt's government bond ratings on Tuesday
February 13th, 2013 - 03:10 GMT

Moody's downgrade Egyptian bonds

Egypt and Turkey have signed agreements to boost tourism between the two nations
February 12th, 2013 - 01:29 GMT

Egypt and Turkey sign plan to boost tourism

Hamas is set to launch its own news service in the Gaza Strip
February 12th, 2013 - 11:38 GMT

Hamas News Network? Islamist group launches own agency

Lebanon's Finance Minister denied there are plan to hike VAT, a day after the PM reiterated that there were no plans to increase the tax.
February 12th, 2013 - 11:12 GMT

Lebanon's Finance Minister denies VAT hike

Saudi's national airline and Lockheed Martin have signed agreements on potential new business
February 12th, 2013 - 11:06 GMT

Saudi Arabian Airlines and Lockheed sign agreements

Blackberry's new handset is selling fast in the UAE
February 12th, 2013 - 10:51 GMT

New Blackberry selling fast in the UAE

Egyptian stocks remain wary  of the second anniversary of the fall of Hosni Mubarak
February 12th, 2013 - 09:14 GMT

Egyptian bourse stumbles on anniversary fears

Saudia Arabia's King has appointed a new boss of the Kingdoms's Higher Economic Council
February 12th, 2013 - 08:57 GMT

House of Saud appoints new boss of Economic Council

Is Black Beauty in your dinner? Lebanon pulls potential horse meat dishes off the shelves
February 12th, 2013 - 08:36 GMT

Lebanon says neigh! Importers pull 'beef' dishes off the shelves over European horse meat scandal

Following the Arab Spring, countries are increasing their investment in the UAE, according to the Emirate's PM
February 12th, 2013 - 08:03 GMT

Arab Spring nations increase FDI in the UAE

Egypt's economic reform measures must be in line with "political imperatives" to resume talks, according to the IMF
February 12th, 2013 - 03:00 GMT

Egypt's economic plan must be in line with "political imperatives" - IMF

Investment Corporation of Dubai (ICD) is in talks over potential refinancing agreements, according to Reuters
February 11th, 2013 - 12:30 GMT

Refinancing talks on Dubai sovereign wealth fund

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