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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 is to allow banks to refinance imports by providing temporary foreign currency facilities
January 22nd, 2013 - 11:54 GMT

Egypt's Central Bank to allow foreign currency facilities for importers

Rakbank is set to launch new Islamic finance products
January 22nd, 2013 - 11:02 GMT

Islamic finance industry growing as Rakbank launches more products

The Amman Criminal Court has heard evidence in relation to the case against former chairman of the Jordan Phosphate Mines Company (JPMC) Walid Kurdi.
January 22nd, 2013 - 10:28 GMT

Phosphate corruption case continues in Jordan

A tourist stands on a Lebanese beach.
January 22nd, 2013 - 09:51 GMT

Plenty of room at the inn: Bargain Lebanon holidays fail to draw in the crowds

The government in Syria has increased the cost of fuel and other commodities as the economy continues to suffer
January 22nd, 2013 - 09:30 GMT

Syrian government raises petrol, wheat and flour prices

Hotel occupancy in Bahrain increased by an overall 7 per cent in 2012, new figures show
January 22nd, 2013 - 07:36 GMT

Bahrain's hotel occupancy increases

The D8 group of nations, including Egypt and Iran, is  meeting in Tehran and is due to set up a joint investment fund
January 22nd, 2013 - 06:42 GMT

"D-8" group to establish joint investment fund

Egyptian President Mohammed Morsi has urged great Arab economic integration
January 22nd, 2013 - 04:00 GMT

Morsi calls for greater Arab economic intergration

Baghdad has threatened Kurdistan with legal action over oil exports from the semi-autonomous northern region
January 21st, 2013 - 01:14 GMT

Iraq threatens legal action over Kurdistan oil

The UAE's Central Bank governor has said new mortgage rules are not "imminent"
January 21st, 2013 - 12:05 GMT

New UAE mortgage rules "not imminent" : Central Bank Governor

The third Arab Economic Forum has started in Riyadh, aiming to boost economic integration and deal with the legacy of the Arab Spring
January 21st, 2013 - 11:29 GMT

Arab Economic Summit opens in Riyadh

Saudi Arabia has pledged a contribution of $1.88 million toward Rohingyas in Rakhine state.
January 21st, 2013 - 10:11 GMT

Saudi Arabia funds support for Rohingya Muslims

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