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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 Palestinian Authority is to borrow money from local banks to pay wages as a general strike enters the second day
December 20th, 2012 - 08:06 GMT

Palestine: General strike enters second day, PA to borrow from banks to pay wages

Trade between China and Bahrain  hit $1.2 billion in the first nine months of 2012
December 20th, 2012 - 06:56 GMT

Bahrain-China trade $1.2bn in nine months

The Egyptian government has said it will review prices 'Mazut' prices
December 20th, 2012 - 06:01 GMT

Egypt: Government to revise 'Mazut' price

Saudi Arabia and other MENA countries have banned the import of Brazilian beef over 'BSE' fears
December 20th, 2012 - 05:51 GMT

Saudi bans Brazilian beef imports

Coal is set to surpass oil as the world’s top fuel within a decade,  according to a new report
December 20th, 2012 - 03:00 GMT

No longer cooking with oil: Coal set to overtake as worlds top fuel

The World Bank has pledged $900 million to Iraq to improve employment in the country.
December 19th, 2012 - 01:13 GMT

Iraq: World Bank pledges $900 million

Al Bawaba
December 19th, 2012 - 12:41 GMT

Palestine pulls another strike: The public sector puts the breaks on

Political instability and delays to the IMF loan could see Egypt's economy downgraded, ratings agency Moody's has warned
December 19th, 2012 - 11:14 GMT

Egypt: Political instability and IMF delay could lead to rating downgrade

Tunisia is seeking help from the European Union to deal with the ailing economy
December 19th, 2012 - 09:57 GMT

Tunisia seeks economic pick-up from the EU

Instagram has released a statement saying it would not sell or use photos from the popular app.
December 19th, 2012 - 09:34 GMT

Insta-U-turn: Instagram alters new policy

Unemployment is on the increase in Saudi Arabia, despite plans efforts to try and increase the number of jobs
December 19th, 2012 - 08:10 GMT

Unemployment in Saudi Arabia growing

Japan has signed a new agreement with Rome to provide emergency food aid for Yemen
December 19th, 2012 - 07:56 GMT

Japan provides Yemen with assistance for food crisis

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