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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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Iraq's semi-autonomous Kurdish region has halted oil exports due to a row over payments
December 26th, 2012 - 12:14 GMT

Iraq's Kurdish region halts oil exports

Kuwait's oil exports to South Korea are booming
December 26th, 2012 - 11:46 GMT

Kuwait's oil exports to South Korea booming

Iran claims to have rebuffed a new cyber attack
December 26th, 2012 - 11:29 GMT

Iran claims to have stopped new cyber attack

The UAE currently has a visa amnesty for illegal or undocumented workers
December 26th, 2012 - 10:09 GMT

UAE: Warning over visa amnesty

Gas prices in Lebanon are continuing an upwards trend
December 26th, 2012 - 09:59 GMT

Lebanon: Gas prices rise

Egypt's President is increasing controls on foreign currency
December 26th, 2012 - 09:46 GMT

Egypt: Morsi tightens foreign currency controls

Jordan has one million illegal guest workers
December 26th, 2012 - 09:20 GMT

Jordan: One million guest workers and counting

Christmas 2012 has gone all digital
December 25th, 2012 - 06:00 GMT

Digital Christmas: Santa gets kids iPods and iPads

New taxes in Egypt were not at the behest of the IMF, the finance minister claims
December 25th, 2012 - 04:00 GMT

New Egyptian tax policies not at IMF behest, finance minister claims

Ratings agency Standard and Poors’ has downgraded Egypt’s long-term credit rating.
December 24th, 2012 - 12:27 GMT

Egypt: Credit rating downgraded as political turmoil hits economy

The European Union is to help pay for public sector wages in Palestine after Israel withheld tax recipts
December 24th, 2012 - 11:58 GMT

Palestine: EU to help pay November salaries

Iran claims it has managed to bypass Western sanctions on its oil industry
December 24th, 2012 - 11:27 GMT

Iran claims to have bypassed sanctions

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