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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 World Bank has slashed its growth figures for Lebanon, from 2.8 per cent to 1.7 per cent
January 17th, 2013 - 07:09 GMT

World Bank slashes Lebanon's growth figures

New figures show that the tourism sector in Jordan generated $3.5 billion in 2012
January 16th, 2013 - 01:45 GMT

Tourism in Jordan generates $3.5 billion for national economy

The World Bank has thinks the Egyptian economy  will grow at 2.6 per cent, significantly lower than the government's figure
January 16th, 2013 - 12:57 GMT

World Bank contradicts Egypt's economic predictions

Gas prices in Lebanon have risen for the seventh week in a row, the weekly price update shows.
January 16th, 2013 - 12:32 GMT

Fuel prices in Lebanon keep on rising

Qatar has said it will not allow Egypt to go bankrupt as the the country faces a currency crisis and a stalling economy
January 16th, 2013 - 12:08 GMT

Qatar insists it won't allow Egypt to go bankrupt

The Egyptian government received some LE11.2 billion ($1.7 billion) in revenue from the company operating the strike-hit Ain Sokhna  port
January 16th, 2013 - 09:25 GMT

Egypt earns $1.7 billion generated from Ain Sokhna port

Real estate sale in Lebanon plunged in 2012, newly released figures show
January 16th, 2013 - 08:23 GMT

Lebanon: Real estate sales plunge

Egypt has promised to invest 45 billion Egyptian pound in its railways to prevent further accidents
January 16th, 2013 - 07:36 GMT

Egypt pledges $7 billion to stop more rail disasters

A strike by gas station owners and delivery workers has been averted after  deal was struck to increase royalties
January 16th, 2013 - 06:55 GMT

Jordan: Strike by gas delivery workers averted

Egyptian stocks suffered on news of the rail disaster in which 19 people died
January 16th, 2013 - 04:00 GMT

Egyptian stocks suffer on rail crash

The Egyptian pound continued to slide again on  Tuesday, as former finance minister claims the currency controls are  "temporary"
January 15th, 2013 - 01:06 GMT

Egyptian pound slides again as former minister claims currency controls are temporary

Jordan's CPI rate of inflation increased by 4.8 per cent in 2012, new statistics show
January 15th, 2013 - 12:48 GMT

Inflation in Jordan continues to grow

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