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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 World Bank forecast a $1.5 billion Palestinian budget deficit for 2012, with donor funds expected to cover only $1.14 billion of this shortfall
December 10th, 2012 - 01:16 GMT

Arab states cushion Palestinians from economic crisis with $100m per month 'financial safety net'

Wage hike would increase inflation by 2 to 3 percent and would push the balance of payments deficit above $2 billion each year
December 10th, 2012 - 10:07 GMT

Lebanon's cabinet still dithering on wage-hike

Cyber-attacks cost the economy Dhs1.5 billion ($422 million) a year
December 10th, 2012 - 10:00 GMT

While world wonders about 'chemical Syria' threat, UAE fears cyber-attacks

Jordan’s credentials in hosting the largest number of Palestinian refugees and other waves of refugees are well known
December 10th, 2012 - 07:41 GMT

Jordan springs to Gulf's defense: "GCC loans did not carry 'refugee' strings"

OPEC survived the day, despite penalties imposed on Iraq in terms of cutting off its oil flow to the market
December 9th, 2012 - 01:10 GMT

OPEC navigates the slippery slope of politics

Saudi total oil exports in the current year are predicted to yield SR 1.089 trillion in revenues
December 9th, 2012 - 12:51 GMT

Saudi burns the midnight oil: exports rake in over SR 1 trillion

The global Islamic financial services industry continues to experience double digit growth, with recent estimates indicating that global Shari’ah-compliant assets now stand between $1.1- 1.3 trillion
December 9th, 2012 - 12:17 GMT

Financial players flock to Bahrain for World Islamic Banking Conference

The announcement of the union would be at a special summit to be held in the Saudi capital
December 9th, 2012 - 07:31 GMT

GCC takes baby steps towards Gulf union

A well-established port and transport infrastructure is critical to drive the economic competitiveness of any nation by promoting cross-border trade and enhancing investment inflows
December 9th, 2012 - 07:22 GMT

UAE secures position as global hub of trade: Khalifa Port set to open

The African Development bank is set to sign off an a loan for Egypt
December 6th, 2012 - 12:37 GMT

African Development Bank set to agree Egyptian loan

One million Saudis are unemployed
December 6th, 2012 - 11:39 GMT

Unemployment high in Saudi

Jordan's rail project is to be adopted  by the 'Union for the Mediterranean'
December 6th, 2012 - 11:20 GMT

Jordan to go on the rails?

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