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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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Plans are afoot to forge closer ties between Jordan and Bahrain
October 2nd, 2012 - 07:50 GMT

Bahrain and Jordan forge closer ties

Ithmaar Bank and First Leasing Bank plan  tie-up
October 2nd, 2012 - 07:33 GMT

Bahraini Islamic banking merger on the cards

The long-awaited Glencore-Xstrata deal could soon get the green light
October 2nd, 2012 - 05:58 GMT

Glencore and Xstrata merger could finally get the green light

Iran's currency, The Riyal, has nosedived, as sanctions take effect
October 2nd, 2012 - 05:32 GMT

Iranian Riyal nosedives as sanctions hit

The trade deficit in Lebanon increased as fears for the economy grow
October 2nd, 2012 - 04:36 GMT

Lebanon's trade deficit widens

The  PEX finished the days trading at 438.86 points
October 1st, 2012 - 01:56 GMT

Palestine stock market ends trading down

Abu Dhabi air traffic increased, overtaking a key competitor
October 1st, 2012 - 01:51 GMT

Abu Dhabi overtakes key rival Dubai Airport

After unrest in Yemen, the USA is granting a million-dollar aid package  to assist with development
October 1st, 2012 - 01:47 GMT

Yemen and USA agree million-dollar aid plan

Industry in Egypt could be ht as metal prices rise
October 1st, 2012 - 01:44 GMT

Egypt's industries could take a hit after metal price hike

Doctors in Egypt start industrial action of healthcare reforms
October 1st, 2012 - 01:31 GMT

Egypt's doctors start strike over healthcare reforms

The ILO has said workers rights are imperative for the global economy to recover
October 1st, 2012 - 01:09 GMT

ILO: Workers rights essential to global economic recovery

The Central Bank of the UAE has yet to decide whether the new banking regulations will be enforced
October 1st, 2012 - 08:54 GMT

Will they, won't they? UAE banking reform in Quagmire

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