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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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Damascus suffered power cuts over night
January 21st, 2013 - 08:57 GMT

Overnight power cuts in Syria

Egypt has received $9 billion in financial aid, mainly from Saudi Arabia and Qatar
January 21st, 2013 - 08:18 GMT

Arab aid to Egypt tops $9 billion

A US court upheld sanctions against Arab Bank after its dealings with Hamas, a designated terrorist organisation in America
January 21st, 2013 - 07:34 GMT

Sanctions on Arab Bank to remain

Iraq has discovered more oil in the southern Maysan province, after the first exploration by state-owned firms in 30 years
January 21st, 2013 - 06:52 GMT

More black gold for Iraq

Yemen approved its budget plans for the 2013 fiscal year, with the government expected to spend $13 million
January 21st, 2013 - 05:57 GMT

Yemen's parliament approves budget plans

Egyptian stocks did well on Sunday after a volatile week
January 21st, 2013 - 04:00 GMT

Egyptian stocks respond well after uneven week

Turkey has released a plane bound for Tehran after fining it for a breach of regulations
January 20th, 2013 - 12:52 GMT

Turkey lifts ban on Iranian gold cargo plane

Inflation is set to ease slightly in Saudi Arabia during 2013
January 20th, 2013 - 12:31 GMT

Saudi inflation set to dip this year

The UAE's current oil production is 2.6 million barrels per day, according to the Energy Minister
January 20th, 2013 - 12:06 GMT

UAE oil output at 2.6 million

Iraq has reopened the border with Jordan following  Baghdad's decision to close it on January 9
January 20th, 2013 - 11:20 GMT

Jordan exports to Iraq resume after border reopens

The President of the European Council Herman Van Rompuy has said any loan agreement is contingent on the IMF deal
January 20th, 2013 - 10:58 GMT

EU loan to Egypt dependent on IMF deal

An oil pipeline in Yemen has been blown up, causing operation to be suspended
January 20th, 2013 - 08:40 GMT

Oil pipeline in Yemen blown up

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