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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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Oil output in Iraq wil reach 3.2 million barrels a day in December
December 23rd, 2012 - 08:07 GMT

Record breaking month for Iraqi oil industry

Bahrain is set to review fuel subsidies, which are expected to cost the government  almost BD1 billion ($2.637 billion) a year
December 23rd, 2012 - 07:23 GMT

Government review ordered as Bahrain's fuel subsidy bill to hit $2.6 billion

There is confusion as to wether or not the head of  Egypt's central bank has resigned
December 23rd, 2012 - 06:53 GMT

Confusion over Egypt's central bank chief's resignation

Lebanon's budget deficit soared to almost 20 per cent of spending, in the first eight months of 2012
December 23rd, 2012 - 06:42 GMT

Lebanon's budget deficit soars

Tunisia is to auction former  President Ben Ali's fortune to raise money for the government
December 23rd, 2012 - 03:00 GMT

More of Ben Ali's swag on sale in Tunisia

The governor of the Central Bank of Egypt (CBE), Farouq El-Oqda, has resigned
December 22nd, 2012 - 06:52 GMT

Egypt: Central Bank boss resigns

Trade between GCC nations in 2011 reached a record of $85 billion
December 20th, 2012 - 01:09 GMT

Inter-GCC trade at record high

Countries in the Maghreb area of North Africa are set for closer cooperation
December 20th, 2012 - 11:55 GMT

EU supports integration process in Maghreb

HSBC has been fined after laundering money for Syria and Iran
December 20th, 2012 - 11:45 GMT

HSBC fined over Syrian and Iranian money laundering

Jordan and Iraq are to discuss the construction of new oil and gas pipes next week
December 20th, 2012 - 09:51 GMT

Iraq to discuss new oil pipelines with Jordan

Apple's reintroduction of Google maps to iOS6 has boosted the numbers using the new system
December 20th, 2012 - 09:18 GMT

Google helps Apple fans get iOS6

Saudi Arabia has signed new contracts to boost energy and water production in the Kingdom
December 20th, 2012 - 08:44 GMT

Saudi Arabia signs new water and power contracts

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