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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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Qatar Airways has no plans to become the Middle East version of Ryanair
November 18th, 2012 - 09:57 GMT

Qatar Airways boss: No plans to go budget

Barclays deny any wrong doing after accusations that it paid Saudi authorities to win banking licenses
November 18th, 2012 - 08:04 GMT

Barclays denies wrongdoing in Saudi Arabia

Iran has granted Lebanon money for the construction of a water dam
November 18th, 2012 - 07:34 GMT

No strings attached: Iran grants Lebanon money for dam

Bomb attacks in Bahrain are aimed at the economy, a lawmaker is claiming
November 18th, 2012 - 07:16 GMT

Bomb attacks "clearly an attempt to target economy", claims lawmaker

Food costs could be on the rise in Jordan
November 18th, 2012 - 05:00 GMT

Jordan: Food prices could rise in the future after fuel price increase

Oman is to issue bonds worth OR100m ($260m)
November 18th, 2012 - 04:00 GMT

No James in Oman's bond auction

Lebanon and Iran set to discuss trade ties
November 15th, 2012 - 02:44 GMT

Iran and Lebanon set to talk the talk

Egypt's public prosecution body accused the leader of the Metro's workers syndicate of disrupting daily services
November 15th, 2012 - 01:01 GMT

Egypt's public prosecution body calls head of Metro union over disruption

Saudi companies will face fines if they employ more migrant workers than locals
November 15th, 2012 - 12:30 GMT

Saudi Arabia: Companies to pay fines for hiring more migrants than Saudis

Samsung has said that it won't follow HTC's lead and settle with Apple
November 15th, 2012 - 11:47 GMT

Samsung won't follow HTC's lead and gears up to battle Apple

Oil prices stable despite Middle East violence
November 15th, 2012 - 11:33 GMT

Oil prices stable despite Middle East violence

Will  Lebanese PM Mikati be able to resist the pressure from striking workers?
November 15th, 2012 - 09:17 GMT

Lebanon: More strikes planned

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