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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 IMF has praised Egypt's new currency controls, which are aimed at devaluing the Egyptian Pound
January 2nd, 2013 - 03:00 GMT

IMF lauds Egypt's new currency plan

The Central Bank of Egypt is trying to stop a currency flight from the country
January 1st, 2013 - 08:00 GMT

Egypt: New currency controls to curb dollar speculation, bankers claim

Jordan and Kuwait have signed key  GCC-backed contracts work $259.5 million
January 1st, 2013 - 03:00 GMT

Jordan and Kuwait sign project contracts worth $259.5 million

China’s crude oil imports from Iran fell 31 per cent in November , with traders citing delivery delays by Iranian tankers because of tough Western sanctions.
December 31st, 2012 - 12:28 GMT

Iranian oil exports to China drop due to sanctions

Citing Western sanctions against Iran, South Korean oil imports from Iran have dropped dramatically
December 31st, 2012 - 12:20 GMT

South Korean oil imports from Iran drop

Egyptian President Mohammed Mursi said Monday that the country’s currency situation will “balance out within days,”  in an effort to calm fears
December 31st, 2012 - 11:52 GMT

Morsi: Currency situation will “balance out within days”

Iran has held a simulated cyber attack as part of military drills in the key oil trading route, the Strait of Hormuz
December 31st, 2012 - 10:43 GMT

Iran stage cyber warfare drills

Media reports suggest that a further $300 million in Mubarak's assets have been frozen in Switzerland
December 31st, 2012 - 10:35 GMT

Swiss freeze $300 million of Mubarak assets, according to reports

Bahrain has signed six financing agreements totalling $448 million with the Saudi Development Fund
December 31st, 2012 - 10:16 GMT

Bahrain signs Saudi-backed GCC development projects

Iraq is to refuse payment to the semi-autonomous Kurdistan region in a long running dispute over oil rights
December 31st, 2012 - 08:56 GMT

Iraq-Kurdistan feud rumbles on as Baghdad withholds payment

Poverty in Jordan is creeping up
December 31st, 2012 - 08:41 GMT

Jordan's poverty rate creeps up

The construction sector’s contribution to the UAE’s GDP is expected to reach 11.1 per cent by 2015
December 31st, 2012 - 08:00 GMT

Construction helps build UAE's GDP

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