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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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The trial of Hosni Mubarak's sons on corruption charges has been postponed
February 10th, 2013 - 11:33 GMT

Mubarak sons corruption trial postponed

Iran is "optimistic" over the new round of nuclear talks, according to the country's ambassador to the IAEA
February 10th, 2013 - 10:56 GMT

Iran "optimistic" about new round of nuclear talks

Japan is offering a $3 billion credit line to the Abu Dhabi National Oil Company
February 10th, 2013 - 07:45 GMT

Japan lends $3 billion to UAE oil company

Power cuts in Beirut could soon be a thing of the past as the country readies itself for power-generating ships
February 10th, 2013 - 07:32 GMT

Lebanon preparing for arrival of power-generating ships

The IMF has recently been in the UAE as preparations increase another visit in April
February 10th, 2013 - 06:54 GMT

IMF visit UAE to talk business

Operations at Jordan's new terminal at Queen Alia International Airport will take off on March 21
February 10th, 2013 - 06:36 GMT

Jordan's new airport terminal ready for take-off

Jordan and Saudi Arabia signed new financing agreements for development projects last week
February 10th, 2013 - 04:00 GMT

Jordan and Saudi Arabia sign project financing plans

Oman has announced a decision to increase the minimum wage for nationals employed in the private sector to 325 Omani riyals from July 1
February 7th, 2013 - 01:09 GMT

Oman to raise minimum wage for private sector workers

Many victims, do not realise they have been robbed until much later, as the suspect often flees the scene
February 7th, 2013 - 12:16 GMT

UAE bank thieves robbing customers blind

The GCC-Europe rail connection could become a reality by 2018 depending on each of the countries involved
February 7th, 2013 - 10:41 GMT

Transcontinental railway ‘ready by 2018’

The Cabinet added one paragraph stating that the bidder had the right to have one or more companies
February 7th, 2013 - 08:44 GMT

Lebanon opens oil fields to exploration

Kurdistan is a cash-rich region and will capitalise on that to develop its market, attracting bigger investment
February 7th, 2013 - 08:31 GMT

Gulf mission to Iraq seeks to boost trade in ‘cash-rich’ Kurdistan

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