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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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Al Bawaba
February 5th, 2014 - 11:00 GMT

This bird has landed, and perhaps for good: Bahrain Air on verge of bankruptcy

Taxes on cigarettes represent around 75 per cent of the value of the product
February 5th, 2014 - 09:09 GMT

At least it's not fuel prices this time: Jordan's tobacco, alcohol prices go up

Dubai's 2020 World Expo is expected to increase UAE's sukuk issuance, adding to its historical record of being the largest issuer of the Islamic bonds in the MENA region (File Archive)
February 5th, 2014 - 09:06 GMT

Can the 2020 World Expo boost UAE's sukuk issuance?

Al Bawaba
February 5th, 2014 - 08:38 GMT

Jordan: Controversy over imported gas cylinders persists

The number of stations on the entire network will increase from the current 47—– two stations are common for both the lines — to 70 by 2020, said Al Ali.
February 4th, 2014 - 10:21 GMT

Grand Plans: Dubai metro to have 70 stations by 2020

“So if we’re going to stop that nuclear programme and that quest for nuclear weapons, we have to either do it diplomatically or do it militarily,” he said.
February 4th, 2014 - 09:44 GMT

Hold your horses, everyone: US declares Iran not "open for business"

Medina is now one of four cities serviced by Etihad Airways (File Archive)
February 4th, 2014 - 06:00 GMT

A first for everything: Etihad launches first daily flights to Medina

Al Bawaba
February 4th, 2014 - 05:00 GMT

Riyadh, Shell partner up to promote Saudi women investment....from the home, that is

Abu Dhabi is planning to award $50 billion worth of new projects in 2014 (File Archive)
February 4th, 2014 - 04:00 GMT

Abu Dhabi must have one nice Sugar Daddy with plan to spend $346 billion by 2020

Al Bawaba
February 4th, 2014 - 03:14 GMT

Private sector DISinterest in GCC rail goes public, but govts. still keen on 2018 deadline

Tawdheef features thousands of job opportunities across more than 100 government and private sector organisations
February 4th, 2014 - 09:55 GMT

6000 opportunities waiting for Emiratis to grab

The Saudi Arabian diesel generators market has witnessed a significant growth due to increase in construction and industrial activities
February 4th, 2014 - 09:49 GMT

Saudi demand for diesel generators rises amid growth

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