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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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Trouble ahead for the Egyptian economy
November 12th, 2012 - 11:25 GMT

"Severe financial crisis" to hit Egypt: Former Finance Minister claims

Saudi Arabia and gulf states have said that they will increase oil supply should there be a decrease if, for example, Iran close the Straight of Hormuz
November 12th, 2012 - 10:39 GMT

Saudi and Gulf states ready for oil shortages

Bourse and fireworks : Everything is going up in Kuwait
November 12th, 2012 - 10:09 GMT

Kuwait: Bourse gains on anniversary

Yemen and the UK have held talks on the future of the Aden refinery
November 12th, 2012 - 08:07 GMT

Yemen and UK discus Aden refinery

Middle East Airlines boss has said that flat results would be a positive result owing to local and regional instability
November 12th, 2012 - 07:35 GMT

Middle East Airlines: No take off in profit would be positive

Iranian gas condensate exports have topped $1 billion
November 12th, 2012 - 07:01 GMT

Iran's gas 'condensates' top $1 billion

The government in Egypt  is set to reduce subsidies on gasoline in the coming days
November 12th, 2012 - 06:41 GMT

Pouring fuel on to the fire? Egypt set to cut gasoline subsidies within days

After the revolution, Egypt has attempted to recover money from corrupt officials
November 12th, 2012 - 03:00 GMT

Egypt: $1.8 billion recovered from Mubarak-era figures

Debtors in Abu Dhabi have been given a reprieve by the President
November 11th, 2012 - 12:29 GMT

Get out of jail free card: Debtors released in Abu Dhabi

Inflation is beginning to ease in Kuwait
November 11th, 2012 - 11:45 GMT

Inflation easing in Kuwait

Saudi Arabia's Grand Mufit calls it 'haram' for  citizens to talk to foreign media
November 11th, 2012 - 10:42 GMT

Talk is cheap: Saudi's Grand Mufti says 'no' to talking to foreign media

Saudi oil exports have been valued $245 million as domestic consumption also increases
November 11th, 2012 - 10:29 GMT

Saudi oil exports valued $245 million

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