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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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Strike fever is catching in Lebanon as public sector workers continue industrial action over delays to pay increases
October 18th, 2012 - 07:07 GMT

Strike fever catching in Lebanon

Yet more strife for Gulf Air as flights to Nairobi are suspended for "commercial reasons"
October 18th, 2012 - 06:01 GMT

More trouble for Gulf Air

The UAE and Ireland  discussed SMEs and improving economic relations in a series of meetings
October 18th, 2012 - 05:32 GMT

Luck of the Irish? UAE and Ireland discuss economic ties

The US is holding a major naval exercise designed to keep oil supply routes open in the event of an Iran-Israel war
October 18th, 2012 - 04:00 GMT

Criticisms fly over US exercise aimed at keeping oil shipping lanes open

Could Jordan see a reduction in subsidies, such as for bread?
October 17th, 2012 - 12:25 GMT

Is Jordan's PM Ensour trying to wriggle out of subsidies?

Al Bawaba
October 17th, 2012 - 11:53 GMT

Saudi Arabia reaffirms commitment to free-trade

Getting your money's worth? Inflation on the rise in Oman
October 17th, 2012 - 11:13 GMT

Small drop in Oman's inflation

Taxi driver strike inLebanon less successful than hoped as few drivers turn out
October 17th, 2012 - 10:57 GMT

Taxi drivers strike in Lebanon a damp squib

Allegations were made on local TV that corruption was rife at Beirut Port
October 17th, 2012 - 08:02 GMT

Beirut port in a storm over corruption

Apple looks set to launch its new 'iPad Mini'
October 17th, 2012 - 07:51 GMT

An Apple a day? iPad mini launch expected

Lebanon looking set to use wind as a new form of energy
October 17th, 2012 - 07:21 GMT

Lebanon throws caution to the wind and invests in alternative energy

Middle East airlines 'play positive role', according to the CEO of Etihad Airways
October 17th, 2012 - 07:15 GMT

Middle East airlines are trendsetters

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