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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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Consumer in the UAE enjoy the worlds lowest consumption taxes
December 19th, 2012 - 07:08 GMT

UAE: Low sales taxes please consumers

The US is urging Egypt to act quickly over the $4.8 billion IMF deal
December 19th, 2012 - 03:00 GMT

US urges Egypt to act "quickly" over IMF deal

Instagram's new terms and conditions has upset many users
December 19th, 2012 - 03:00 GMT

From Instagram to Insta-exodus: Users furious over new terms

Bahrain is set to start on a GCC funded development project
December 18th, 2012 - 12:27 GMT

GCC funded Bahraini projects set to start

Al Bawaba
December 18th, 2012 - 10:22 GMT

Saudi mining company signs new finance facility worth $2.4 billion

International sanction on Iran are hitting the oil Islamic Republic's oil industry
December 18th, 2012 - 09:38 GMT

Iran losing half of oil revenue due to sanctions

The head of the Central Bank of Egypt is expected to leave his post by the end of this year
December 18th, 2012 - 09:28 GMT

A tough year at the office: Head of Egypt's central bank to resign by year end

The Palestinian budget deficit has increased
December 18th, 2012 - 09:11 GMT

Palestine's budget deficit increasing

Share prices for Apple have dipped below the $500 mark for the first time
December 18th, 2012 - 07:45 GMT

Not such a sweet Apple? Shares drop below $500

Iran has been hit by another cyber attack similar to one that severely damaged the country's oil industry last year
December 18th, 2012 - 07:36 GMT

Iran targeted by cyber attack

The European Investment Bank (EIB) has agreed to loans for development in Morocco
December 18th, 2012 - 07:23 GMT

Europe to help fund Moroccan development

Investment in UAE industry is up and the government is targetting five per cent growth next year
December 18th, 2012 - 07:00 GMT

Investments up in the UAE

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