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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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Egypt is about to face the spectra of a major locust infestation, according to the Ministry of Agriculture
February 11th, 2013 - 12:05 GMT

Egypt facing locust infestation

Lebanon's Prime Minister has ruled out any increase in VAT ahead of Cabinet meetings to discuss the economy
February 11th, 2013 - 11:46 GMT

Lebanon rules out VAT hike

Jordan is preparing to hold a World Economic Forum meetin on the MENA region at the Dead Sea
February 11th, 2013 - 11:15 GMT

Jordan set to hold WEF meeting

Auditing firm PricewaterhouseCoopers is to help deal with unpaid Libyan hospital bills in Jordan
February 11th, 2013 - 10:59 GMT

PwC to audit bills for Libyan patients in Jordan

Early trading on the Kuwaiti Stock Exchange saw shares rise
February 11th, 2013 - 09:36 GMT

Kuwait Stock Exchange starts Monday in the green

Egyptian stocks looked upbeat depsite planned rallies in the days ahead
February 11th, 2013 - 09:09 GMT

Egyptian stocks look healthy on the back of investment

After several delays, Blackberry just launched its new phone in the UAE yesterday
February 11th, 2013 - 08:58 GMT

New Blackberry arrives late in the UAE

Egypt is set to ask the IMF for assistance in rebuilding its railways after a series of deadly rail crashes
February 11th, 2013 - 08:52 GMT

Egypt to ask World Bank to help rebuild railways

Strikes are crippling the Ain Sokhna port in Egypt
February 11th, 2013 - 03:00 GMT

Strike cripples Egyptian port

Healthcare workers in Palestine are to take industrial action over the non-payment of wages
February 10th, 2013 - 12:52 GMT

Health sector workers in Palestine to strike

Iraq's finance committee  has been discussing amendments to the country's 2013 budget plans
February 10th, 2013 - 12:27 GMT

Iraq's finance committee discusses finance bill

Inflation in Egypt is creeping up as the pound weakens
February 10th, 2013 - 11:52 GMT

Inflation in Egypt creeping up

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