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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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Iranian oil exports to Iran increased by 43 per cent in the last month of 2012, Bloomberg reported
January 23rd, 2013 - 01:10 GMT

Iran's oil exports to China increase 43 per cent

Ratings agency Standard and Poors has said that it expects Oman to maintain string growth in 2013
January 23rd, 2013 - 11:56 GMT

Oman to maintain strong growth - Ratings agency

The Egyptian stock exchange is confident that it can continuing operating despite planned protests by 'Ultras' football fans
January 23rd, 2013 - 10:31 GMT

Egypt's stock market to continuing operating despite 'Ultras' protest

Gas prices in Lebanon have continued to rise, the eighth consecutive weekly increase
January 23rd, 2013 - 10:18 GMT

Gas prices rise for eighth week

Bahrain's government has announced that it will build 30,000 new government homes
January 23rd, 2013 - 10:01 GMT

Bahrain to build 30,000 new government homes

Saudi Arabia says it can maintain current spending levels after a record 2013 budget is planned
January 23rd, 2013 - 06:54 GMT

Saudi Arabia says it can maintain budget spending

Vodafone Egypt's decision to increase the cost of prepaid cards has angered users in the country
January 23rd, 2013 - 06:34 GMT

Vodafone Egypt's price rise angers customers

Lebanon's telecoms ministers, Nicolas Sehnaoui, denies claims from an MP that he embezzled state funds.
January 23rd, 2013 - 06:00 GMT

Lebanon's telecoms minister denies corruption charges

Jordan and the UAE signed an agreement regulating a loan, which is part of a $5 billion GCC financial aid package
January 23rd, 2013 - 05:52 GMT

Jordan and the UAE sign framework on $1.25 billion

Egyptian stocks were uneven yesterday ahead of a period of political uncertainty
January 23rd, 2013 - 04:00 GMT

Egyptian stocks uneven ahead of anti-government rally

Rental prices in Dubai are continuing to grow but but at a slower rate, according to new research
January 22nd, 2013 - 12:49 GMT

Rents in Dubai to be as high as the Burj Khalifa

Etihad looks set to finalize a deal to takeover India's Jet Airways
January 22nd, 2013 - 12:15 GMT

Eithad looks set to seal the deal with India's Jet Airways

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