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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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Report suggest that Iran is planning on building a new gas plant at the cost of $1.6 billion
January 10th, 2013 - 04:00 GMT

Iran: Reports of plans to construct new gas refinery

Strike action by electrical workers in Lebanon  could further exacerbate weather related power cuts
January 9th, 2013 - 12:42 GMT

Strike by electricity workers in Lebanon compounds weather problems

Bahrain's state-backed oil company reached a new milestone in oil production
January 9th, 2013 - 12:20 GMT

Bahrain in record oil production

The UAE has no plans to alter strict new mortgage laws, according to sources quoted by a local daily paper
January 9th, 2013 - 11:48 GMT

No change in expat mortgage rules in the UAE

Iraq oil production dipped in December
January 9th, 2013 - 11:38 GMT

Iraq oil exports see December drop

Jordan has been briefing Morocco on how to reduce subsidies
January 9th, 2013 - 11:29 GMT

Jordan offers advice to Morocco on subsidy reduction

Lebanon's gas prices are continuing to rise
January 9th, 2013 - 08:44 GMT

Lebanon: Gas prices keep on rising

The Egyptian stock market responded well to the new IMF talks
January 9th, 2013 - 08:08 GMT

Egyptian stocks respond well to IMF visit

Illegal financial flows in Lebanon are thought to have topped $21 billion, according to a new report
January 9th, 2013 - 06:40 GMT

Illicit financial flows top $21 billion in Lebanon

The Jordan Phosphate Mines Company (JPMC) is facing corruption allegations
January 9th, 2013 - 04:00 GMT

Jordan: More corruption charges possible in phosphate case

Qatar is boost financial aid to Egypt to help deal with a currency crisis
January 8th, 2013 - 03:33 GMT

Qatar boost financial aid to Egypt to help deal with currency crisis

Smartphone shipments are set to pass $1 billion for the first time this year
January 8th, 2013 - 12:41 GMT

No holding the line as smartphone sales hit $1 billion

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