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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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Jordan's Prime Minister had previously tried to calm fears over price rises
November 14th, 2012 - 01:00 GMT

Jordan: Subsidy reductions confirmed

Demand for oil is set to increase, the International Energy Agency has stated
November 13th, 2012 - 12:47 GMT

IEA: Oil demand to rise driven by 'emerging nations'

France is to release $2 billion in frozen Libyan assets
November 13th, 2012 - 12:17 GMT

Time for the thaw: France release $2 billion frozen Libyan assests

A team from the IMF has just finished a series of meetings in Algeria
November 13th, 2012 - 11:56 GMT

IMF: Algeria economy remains stable

Jordan is looking set to increase the cost of electricity in the Kingdom
November 13th, 2012 - 11:23 GMT

Jordan: Residents could be in for a shock as electricity prices set to rise

The struggling airline Gulf Air is seeking to reduce its liability
November 13th, 2012 - 10:06 GMT

Gulf air cleared for take-off but reduces liability

The Iranian economy has seen only a minor contraction due to Western oil sanctions, according the the IMF
November 13th, 2012 - 09:12 GMT

IMF: Small contraction in Iranian economy

Arab and Hungarian business leaders are considering $2 billion worth of investment in the MENA region
November 13th, 2012 - 09:02 GMT

Top dollar: Hungarian business leaders consider investment in MENA region

Abu Dhabi is seeking to increase oil production
November 13th, 2012 - 06:43 GMT

Abu Dhabi seeking to increase oil production

The UAE is increasing the scheme to assist UAE citizen with debt releif
November 13th, 2012 - 03:00 GMT

UAE: More locals given 'get out of jail free' cards

Apple and HTC have settled their long running patent dispute
November 12th, 2012 - 12:52 GMT

Ceasefire: Apple and HTC call off legal action and settle

No nuclear power for Jordan as costs make it prohibitive and could make the country's energy crisis worse
November 12th, 2012 - 11:47 GMT

Jordan set to abandon nuclear power

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