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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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$4.2 billion of Iranian frozen assets would be released in eight stages and Tehran
February 2nd, 2014 - 12:55 GMT

Breaking the ice: Iran receives first installment of $4.2b frozen oil revenue

OPEC reported its lowest output in over two years in December 2013 (File Archive)
February 2nd, 2014 - 12:00 GMT

Thank you Libya? Why OPEC's output is finally on the rise after December low

Al Bawaba
February 2nd, 2014 - 11:00 GMT

Older, but not wiser: Lack of trained UAE healthcare workers' increasing concern for growing elderly population

Oman has the main ingredients to be not only an international player, but also a hub for trade and transit
February 2nd, 2014 - 08:59 GMT

Oman to become a major player in global trade, says WTO chief

While Abu Dhabi is known for attracting business tourism, it is increasingly becoming a destination for leisure tourism as well (File Archive)
February 2nd, 2014 - 08:44 GMT

Not just business: Why leisure tourists are flocking to Abu Dhabi

Of the 2.228 million bpd exported in January, 2.036 came from Basra and 192,000 from Kirkuk,
February 2nd, 2014 - 04:55 GMT

Blaming pipelines, blaming Kurdistan?Iraqi crude oil exports hit new low

According to the McKinsey Global Private Banking Survey 2013, the total high net worth wealth in the Middle East is predicted to increase by $3.3 trillion by 2014.
February 2nd, 2014 - 04:11 GMT

World's most luxurious superyachts coming to the GULF

During Erdogan’s stay, Iran and Turkey signed a number of agreements, including a preferential trade agreement, which can dramatically increase the trade ties between the two countries.
January 31st, 2014 - 12:26 GMT

Talk about preferential trade: Khomeini says Turkey, Iran are enjoying 'best relations in history'

Iraq is poised to triple its crude oil output from three million barrels per day to nine million by 2020.
January 30th, 2014 - 08:03 GMT

Beware Saudi Arabia! Iran, Iraq plan to join forces and crash the world's oil market

The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year.
January 30th, 2014 - 07:43 GMT

Can we say we have a trend here? World's largest sovereign wealth fund blacklists two Israeli firms over settlement activity

Al Bawaba
January 30th, 2014 - 12:01 GMT

Mmm! Arabian perfume company spreading sweet scents to UK audiences

Al Bawaba
January 30th, 2014 - 10:50 GMT

Saudi is giving how much aid funding to Egypt?!?!

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