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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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Egypt is sitting pretty and ready for Kuwaiti investment, claims ambassador
November 15th, 2012 - 08:44 GMT

Egyptian ambassador talks up his homeland to gain Kuwaiti investment

Unemployment is on the rise in Lebanon
November 15th, 2012 - 06:00 GMT

Unemployment on the rise in Lebanon

Public transport and taxi fares are set to increase in Jordan
November 15th, 2012 - 01:00 GMT

Jordan: Public transport fares to rise

Egypt and the EU have agreed a billion dollar 'support package'
November 14th, 2012 - 01:28 GMT

Egypt: EU 'support package' agreed

Jordan's Prime Minister has announced a raft of austerity-inducing measures
November 14th, 2012 - 12:26 GMT

Jordan's PM ushers in an era of austerity

The Islamic Development Bank is to fund new projects in Iran
November 14th, 2012 - 12:15 GMT

Islamic Development Bank funds Iranian projects

Abu Dhabi has introduced rental price control to increase 'stability'.
November 14th, 2012 - 12:13 GMT

Rent control in Abu Dhabi

Saudi Arabia is well place for islamic banking, according to the head of Saudi Electricity Company
November 14th, 2012 - 11:55 GMT

Saudi Arabia to develop Islamic finance

Will the Central Bank of Egypt be able to boost economic growth?
November 14th, 2012 - 10:54 GMT

Egypt wants to boost growth to 4.5 per cent by 2014

The IEA has said that oil demand will drop of this quarter due to the European economy and Hurricane Sandy
November 14th, 2012 - 10:44 GMT

IEA cuts oil demand forecast

Passenger revenues have increased on Egyptian railways
November 14th, 2012 - 10:25 GMT

Egyptian railways steaming ahead

The UAE has issued an amnesty for undocumented migrants allowing them safe passage out of the country
November 14th, 2012 - 03:00 GMT

Times up for illegal residents and workers in the UAE

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