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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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Consumers want easy, convenient and high-value services at lower costs
February 3rd, 2013 - 09:48 GMT

Jordanians can bank on the web, but branches are a thing of the past - banker

The automated parking, which can be monitored by one person, is fully computerised and can even wash your car for you.
February 3rd, 2013 - 07:38 GMT

Smart parking: MAG unveils first intelligent garage in Dubai

Iran has asked for international help over a sunken gas rig in the South Pars gad field (file photo)
January 31st, 2013 - 12:45 GMT

Iran asks for help over sunken gas rig

Jordan has reaffirmed its commitment in tackling illegal workers in the country
January 31st, 2013 - 12:39 GMT

Jordan to crack down on illegal workers

Egypt's Central Bank has approved a bid by Qatar National Bank to buy a stake in National Societe Generale Bank - Egypt
January 31st, 2013 - 12:06 GMT

Egypt approves Qatari bid for SocGen

Kuwaiti crude oil prices were up in yesterday's trading
January 31st, 2013 - 11:16 GMT

Kuwaiti crude edges up

John Kerry warned Ending US aid to Egypt could contribute to "chaos" in the country
January 31st, 2013 - 11:03 GMT

Ending US aid to Egypt could result in "chaos" - soon to be Secretary of State John Kerry warns

Lebanon's deputy Central Bank governor has said that the country's financial system is resilient in the face of challenges
January 31st, 2013 - 10:40 GMT

Lebanese financial system showing "resilience"- Central Bank deputy

"Bahrainisation" is set to be reviewed in an effort to boost the economy
January 31st, 2013 - 08:41 GMT

"Bahrainisation" to be reviewed in the Island Kingdom

The IMF urged Lebanon for greater reforms in a meeting with the finance minister in Washington
January 31st, 2013 - 08:28 GMT

IMF urges deeper reforms in Lebanon

Eygpt's foreign reserves have risen to $15.5 billion, helped by Qatari support, according the the country's finance minister
January 31st, 2013 - 08:21 GMT

Egypt's foreign reserves only boosted by Qatar

Egypt's finance minister has said  negotiations over a $4.8 billion IMF loan are currently on a government review and 'social dialogue'.
January 31st, 2013 - 03:57 GMT

IMF negotiations on track in Egypt

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