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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 Egyptian pound plummeted to an eight year low against the US dollar yesterday
December 31st, 2012 - 04:00 GMT

Egyptian pound slides against US dollar

Instagram has lost 23 per cent of its daily users over controversial new terms of service for the popular app
December 30th, 2012 - 12:48 GMT

From Instagram to Insta-loss: Photo-app loses almost a quarter of users

Secretary General of the Arab League, Nabil Elaraby, has urged economic support for Palestine during a vist the West Bank
December 30th, 2012 - 12:27 GMT

Arab League boss: Support Palestine financially before politically

The Central Bank of Egypt is imposing yet more currency controls in an effort to stave of a crisis
December 30th, 2012 - 11:53 GMT

Egypt announces further procedures to stave off currency crisis

Iran is holding a large military exercise in the key oil trading route of the Strait of Hormuz
December 30th, 2012 - 11:30 GMT

Iran stages naval drills in key Strait of Hormuz oil route

Egypt's Prime Minister, Hisham Kandil, has said his country is not facing bankruptcy
December 30th, 2012 - 11:13 GMT

Egypt not facing bankruptcy, Prime Minister states

The Internet encyclopedia, Wikipedia, has revealed the list of most searched articles in 2012.
December 30th, 2012 - 09:32 GMT

Wikipedia reveals most searched articles of 2012

Jordan is expected to have a budget expenditure of JD7.4 billion in 2013, insiders claim
December 30th, 2012 - 08:06 GMT

Jordan: 2013 budget to be JD7.4 billion

Egypt has received a $500 million from Qatar and is awaiting another $500 million from Turkey
December 30th, 2012 - 07:57 GMT

Egypt gets Qatari aid, waiting for Turkey to deliver

Saudi Arabia has announced a record breaking $221 billion  budget for 2013
December 30th, 2012 - 04:00 GMT

Saudi Arabia announces record 2013 budget

The Central Bank of Egypt has warned that foreign reserve levels are at "critical" levels
December 30th, 2012 - 03:00 GMT

Egypt: Foreign reserves at "critical" levels

Egypt is facing further turmoil as the country faces a shortage  of dollars
December 27th, 2012 - 12:31 GMT

New economic crisis as Egypt hit by dollar shortage

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