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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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Plenty of rials to go around after Iraq gifts Yemen $5 million
December 5th, 2012 - 07:45 GMT

Iraq gifts Yemen $5 million

The board of Gulf Air has been sacked en masse by Bahraini MPs
December 5th, 2012 - 07:35 GMT

Gulf Air's board sacked en masse

Apple finally released iTunes in the UAE
December 5th, 2012 - 07:02 GMT

Apple lovers rejoice! iTunes released in UAE

Egypt's stock market showed surprising resilience yesterday
December 5th, 2012 - 05:26 GMT

Egyptian stocks surprisingly resilient

The UAE has set up a fund to cover Emiratis debts
December 5th, 2012 - 03:00 GMT

UAE sets aside $420 million to cover personal debts

Lebanon's economic maritime borders are 'non negotiable' according to a Lebanese MP
December 4th, 2012 - 12:49 GMT

Lebanese MP defends maritime economic zone, threatens UN action

Oman is set to hit new highs in oil output
December 4th, 2012 - 12:13 GMT

Oman to post highest ever oil output

Saudi Arabia is loaning Egypt money for development projects
December 4th, 2012 - 11:47 GMT

Saudi signs loans to Egypt

Fears over non-payment have caused disruption to Libya's food supply
December 4th, 2012 - 11:05 GMT

Fears hit food supply in Libya

Turkey will continue to import gas from Iran
December 4th, 2012 - 10:38 GMT

Turkey to continue Iranian gas imports

Lebanon's trade deficit is widening, although exports reported a slight increase
December 4th, 2012 - 09:09 GMT

Lebanon: Trade deficit widening

Oil output in the UAE dropped slightly in October, according to the International Energy Agency
December 4th, 2012 - 07:22 GMT

UAE oil output drops slightly in September

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