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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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Standard and Poors, which downgraded Egypt's economic outlook recently, is facing legal action in the US over the subprime financial crisis
February 5th, 2013 - 10:51 GMT

No friend of Egypt's economy: S&P versus US in mortgage ratings trial

The hostage crisis in Algeria could see Maghreb economies diversifying away from hydrocarbons
February 5th, 2013 - 09:32 GMT

Algerian gas installation attack could see economies diversifying

Egypt's decision to raise the ost of using the Suez Canal could see ships diverted away from the trade route
February 5th, 2013 - 07:31 GMT

Suez Canal price hike could cause a storm in port

The World Bank stressed yesterday its commitment to ensuring Yemen gets all pledged funds from a recent donor meeting
February 5th, 2013 - 06:29 GMT

World Bank pledges support for Yemen funding

Tunisia is nearing agreement with the International Monetary Fund for a $1.78 billion standby loan.
February 5th, 2013 - 06:09 GMT

Tunisia negotiating with IMF over $1.78 billion loan

The Kuwait Fund for Arab Economic Development has offered Lebanon a $85 million loan for electricity development
February 5th, 2013 - 05:58 GMT

Kuwait grants $85 million loan for electricity projects

Egypt’s Salafist Nour Party is pushing for an increasing in the national minimum wage
February 5th, 2013 - 04:00 GMT

Egypt’s Salafist Nour Party pushes for better minimum wage

Fuel subsidies in Egypt cost the government  $30 million daily, according to the Minister of Petroleum
February 4th, 2013 - 12:41 GMT

Oil subsidies in cost Egypt $30 million a day

Despite defaulting on an Islamic bond last year, Dana Gas, has posted a 20 per cent rise in profits
February 4th, 2013 - 12:06 GMT

Dana Gas posts profits despite default

Iran's former Central Bank boss is thought to have been arrested on suspicion of money laundering
February 4th, 2013 - 11:35 GMT

Iran's former central bank chief arrested on suspicion of money laundering

Despite ongoing political instability, the Egyptian economy grew by 2.6 per cent in the first quater of the 21012/13 fiscal year
February 4th, 2013 - 11:00 GMT

Egypt: Economy grows by 2.6 per cent

Etihad Airways posted a 200 per cent increase in profits for 2012
February 4th, 2013 - 10:20 GMT

Etihad Airways' profits take off

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