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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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Bahrain is set to spend $180 million in 2013 on basic food subsidies
January 15th, 2013 - 12:11 GMT

Bahrain food subsidies to cost $ 180 million

Tunisian PM Hamadi Jebali has urged Arab leaders to support Palestine financially during its "difficult financial stage"
January 15th, 2013 - 11:05 GMT

Tunisia presses other Arab leaders to support Palestine financially

Saudi Arabia is to build almost 13000 homes across the Kingdom, funded by loans  worth SR5 billion ($1.333 billion)
January 15th, 2013 - 10:39 GMT

Saudi Arabi to build almost 13000 new homes

Al Bawaba
January 15th, 2013 - 10:01 GMT

UAE warning over visa amnesty

The Islamic Development Bank has signed agreements topping $388 million with Egypt
January 15th, 2013 - 09:29 GMT

Loans from Islamic Development Bank to boost Egyptian economy

Jordan's PM Ensour has ordered a review of all privatisation deals in the Kingdom since 1989, under the King's directive
January 15th, 2013 - 08:47 GMT

Jordan to review all privatisation deals since 1989

Egyptian stocks responded well to the possibility of reconciliation of Mubarak-era financial corruption
January 15th, 2013 - 04:00 GMT

Egyptian stocks respond well to talk of possible "reconciliation"

Former deputy governor of Egypt's Central Bank has resigned as head of the NAtional Bank of Egypt for undisclosed reasons
January 14th, 2013 - 01:03 GMT

Head of Egypt's largest bank resigns

Kuwait has revealed a budget surplus of $52 billion, in the first eight months of the fiscal year, buoyed by oil revenues
January 14th, 2013 - 12:14 GMT

Kuwait’s reveals budget surplus of $52 billion

Oil tankers are stuck at the Iraqi-Jordan border, which has recently seen protest against Iraq's Prime Minister
January 14th, 2013 - 12:00 GMT

Oil tankers stuck at Iraqi-Jordanian border

An investment bank for the Arab Maghreb has been created with $100m and support from the IMF
January 14th, 2013 - 11:13 GMT

Arab Maghreb Union investment bank gets the go ahead

The Egyptian pound has hit a record low against the dollar as the currency continues to struggle
January 14th, 2013 - 10:22 GMT

Egyptian pound hits record low against dollar

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