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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's cabinet is teaming up with the private sector to reduce unemployment
October 1st, 2012 - 08:30 GMT

Plans afoot to reduce Egypt's unemployment crisis

Jordan has highlighted the need to reduce bureaucracy to help setup a new logistics center in Hungary
October 1st, 2012 - 08:17 GMT

Jordan seeks to establish logistics centre in Hungary

Turkey has agreed an $1billion loan for Egypt during Morsi's visit
October 1st, 2012 - 07:44 GMT

The golden Turkey?

Iran's rial nosedived to a record low against the dollar as people seek safer places for their money
September 30th, 2012 - 08:55 GMT

Iranian Riyal falls to record low

Is it time start to be optimistic about Sudan and South Sudan's future?
September 30th, 2012 - 08:48 GMT

Is the future bright for Sudan and South Sudan?

Can the economy of Tunisia recover?
September 29th, 2012 - 11:08 GMT

Moody's maintains negative outlook for Tunisian economy

After economic woes led to the suicide of Mohammed Bouazizi, sparking the Arab Spring, authorities are keen to solution to chronic youth unemployment.
September 27th, 2012 - 01:13 GMT

AfDB initiative to help unemployed Tunisians taking shape

Proposed EU sanctions would hit Iran's banking sector
September 27th, 2012 - 10:28 GMT

More Sanctions for Iran? Europe ramps up pressure on Islamic Republic

Despite continuing protests in the Kingdom, Bahrain is attempting economic reform
September 27th, 2012 - 09:51 GMT

Despite protests, Bahrain attempts to spur on economic development

The Central Bank of Egypt has confirmed that the 1EGP note is to remain legal tender
September 27th, 2012 - 08:53 GMT

One pound notes to remain legal tender in Egypt

Qatar and Jordan have signed an agreement to hammer out a GCC deal
September 27th, 2012 - 08:09 GMT

Jordan and Qatar sign key economic deal

Gas exploration off the coast of Lebanon could be almost worthless if the Eurozone crisis continues
September 27th, 2012 - 07:56 GMT

Eurozone crisis could harm Lebanon's economy further

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