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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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Egyptian media will be on strike on Tuesday and Wednesday over President Morsi's constitutional edict
December 4th, 2012 - 05:51 GMT

Egyptian media outlets on strike

Jordan is planning a crackdown on illegal workers
December 4th, 2012 - 05:43 GMT

Jordan: Labor law flouters targetted

Egypt's economy is in trouble over Morsi's presidential edict concerns investors
December 4th, 2012 - 04:00 GMT

Egypt's economy faltering as political crisis rumbles on

The UAE's visa amnesty  is set to start on Tuesday
December 3rd, 2012 - 01:43 GMT

UAE visa amnesty set to begin

Egypt's largest bank has bought shares in garment maker Concrete
December 3rd, 2012 - 12:48 GMT

Egypt's largest bank buys up shares in clothes manufacturer

Main indicies on the Kuwaiti Stock Exchange were down on Monday
December 3rd, 2012 - 11:50 GMT

Kuwaiti stock markets in the red

Jordan has announced the projects that will be funded with Saudi and GCC money
December 3rd, 2012 - 10:50 GMT

Jordan reveals Saudi-funded projects

Political instability and protests are putting of investors in the Libyan oil game
December 3rd, 2012 - 09:15 GMT

Little enthusiasm for Libyan oil

Iran needs to increase oil production in the Gulf in response to sanctions
December 3rd, 2012 - 09:02 GMT

Iran: Oil increase needed as sanctions bite

Tunisia and Algeria are discussing improving bilateral relations
December 3rd, 2012 - 08:44 GMT

Tunisia and Algeria talk business

Jordan's Prime Minister Abdullah Ensour has said the grant from the US will help support the treasury
December 3rd, 2012 - 05:30 GMT

Jordan receives grant from US to support treasury

Qatar is planning to reduce the amount of food it imports
December 3rd, 2012 - 03:00 GMT

Qatar: Plans afoot to reduce food imports

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