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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 UAE has become Japan's main economic partner in the region, according to a new report
January 3rd, 2013 - 08:34 GMT

UAE-Japan trade keeps on growing

The stock market in Cairo responded well to new currency controls
January 3rd, 2013 - 04:00 GMT

Egypt's stocks respond well to currency controls

After discovering Israeli goods in a store in Lebanon, Spinneys has reaffirmed its commitment to trade embargoes
January 3rd, 2013 - 03:00 GMT

Spinneys reaffirms goods ban after Israeli products found in Lebanon

The UAE has deposited $250 million in Jordan's Central Bank
January 2nd, 2013 - 01:04 GMT

UAE deposits $250 million in Jordan's Central Bank

Mohamed ElBaradei has said that the Egyptian economy will not recover without political stability
January 2nd, 2013 - 11:51 GMT

"Show me a faltering economy and I will show you a fractured society”, ElBaradei says

Egypt's Central Bank (CBE) said it offered to sell $75 million to banks on Wednesday, as part of a new currency regime
January 2nd, 2013 - 11:38 GMT

Egypt auctions $75 million to ease currency crisis

UAE laws that make it illegal to write bad cheques could be reviewed, media reports suggest
January 2nd, 2013 - 11:33 GMT

Expats could avoid jail in the UAE over bounced cheques

Lebanon has banned the import of beef from the Brazilian state of Parana over fears of mad cow disease
January 2nd, 2013 - 10:54 GMT

Lebanon bans Brazilian beef over mad cow fears

Oman has raised planned state spending by 30 per cent previous plans
January 2nd, 2013 - 09:47 GMT

Oman hikes budget plans by 30 per cent

Gas prices continue to creep up in Lebanon
January 2nd, 2013 - 09:11 GMT

Lebanon: Gas prices continue to rise

The volume of overall investment is expected to top $45 billion over five years in Bahrain
January 2nd, 2013 - 09:04 GMT

Investments in Bahrain 'may top $45 billion'

Most Gulf stock markets were closed yesterday for the New Year, but Saudi Arabia and Oman were open and performed well
January 2nd, 2013 - 08:49 GMT

Saudi stocks edge upwards

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