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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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Algeria has signed a deal to export gas to Turkey for another ten years
January 8th, 2013 - 12:19 GMT

Algeria and Turkey ink more gas deals

Electricity workers are threatening an open-ended strike in Lebanon, due to start next week
January 8th, 2013 - 12:07 GMT

Lebanon: Electricity workers threaten open-ended strike

The IMF is to send a technical delegation to Egypt following succesful talk yesterday
January 8th, 2013 - 11:48 GMT

IMF technical team to visit Egypt after positive talks

Unemployment in Jordan is continuing to creep up, in a worry sign for the economy
January 8th, 2013 - 11:18 GMT

Jordan's unemployment rate creeping up

Iran's oil sales have almost halved due to western-imposed sanctions
January 8th, 2013 - 07:09 GMT

Iran's oil revenues drop by 45 per cent due to sanctions

Saudi women will be permitted to work in shops selling female accessories, it has been announced
January 8th, 2013 - 06:22 GMT

Saudi women to be allowed to work in shops selling female accessories

Lebanon's agricultural industry is facing "disaster" due to  recent storm hitting the country
January 8th, 2013 - 05:58 GMT

Storms wreaking havoc on Lebanon's agricultural industry

Jordan has introduced a 60-day grace period for undocumented guest workers to renew their papers
January 8th, 2013 - 05:49 GMT

Jordan: Grace period for undocumented workers

Oman need oil prices to remain high to ensure it can keep its budget commitments
January 8th, 2013 - 04:00 GMT

Oman gambles on oil prices

Egypt and the US are continuing debt-swap talks
January 7th, 2013 - 03:11 GMT

Egypt-US negotiations ongoing in debt swap deal

Turkey and the UAE have signed new electricity deals
January 7th, 2013 - 01:24 GMT

Turkey and UAE ink new power deal

Egypt's new  Interior Minister say security is needed to help the economy
January 7th, 2013 - 01:07 GMT

Egypt: Security vital for economy, new Interior Minister states

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