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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 Central Bank of Egypt announced that Egypt's total foreign reserves had dropped by $1.4 billion in January.
February 6th, 2013 - 01:25 GMT

Egypt's foreign reserves enough for 3 months of imports — Minister

Youth unemployment in the region is the highest globally at 23.2 percent.
February 6th, 2013 - 01:08 GMT

Youth unemployment in Arab region is highest in the world: International Labour Organization

It wants to replace the system with targeted subsidies, which would see only the most deserving members of society qualify for cheaper goods.
February 6th, 2013 - 12:59 GMT

Bahrain set to slash government spending on subsidies

Gas prices in Lebanon are continuing to rise, new figures show
February 6th, 2013 - 11:30 GMT

Gas prices in Lebanon keep on rising

Workers at Egypt's Ain Sokhna port are taking industrial action demanding employment contracts with port managers
February 6th, 2013 - 10:08 GMT

Workers on strike at Egypt's Ain Sokhna port

Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud, replaced the head of the Capital Market Authority (CMA) yesterday
February 6th, 2013 - 09:45 GMT

Saudi King replaces CMA boss

According to an industry executive, returns on Qatari railway investment could top $38 billion
February 6th, 2013 - 09:32 GMT

Returns could be big on Qatari railways

A German fund is to help Lebanese SMEs in an effort to boost the economy
February 6th, 2013 - 08:44 GMT

Lebanon’s SMEs to benefit from $20 million from German fund

Egypt's Central Bank revealed yesterday that net foreign reserves fell by $1.4 billion in January
February 6th, 2013 - 04:00 GMT

Egypt's foreign reserves drop dramatically

Air Arabia carried record numbers of passengers last year
February 5th, 2013 - 01:06 GMT

Air Arabia passenger numbers taking off

The Emirates national oil company, ENOC, is shunning Iranian oil in favour of Qatari crude
February 5th, 2013 - 12:15 GMT

Emirates oil company shuns Iran in favour of Qatar

Egypt is set to finalise an economic plan to secure a $4.8 billion IMF loan next week
February 5th, 2013 - 11:32 GMT

Egypt to finalise economic plan next week

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