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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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The fall in the lira seemed to worry investors, who pushed the main stock index Borsa İstanbul (BIST) down 1.8 percent.
January 26th, 2014 - 03:55 GMT

And it's getting worse: Turkish lira hits new low

Al Bawaba
January 26th, 2014 - 03:55 GMT

Jordan's Arab Bank celebrates 43% net profit hike

“UAE intellectuals, experts and leaders will be involved in preparing papers and research material that reflect our country’s vision on many global issues," said AlGergawi.
January 24th, 2014 - 08:58 GMT

UAE strikes strategic deal with World Economic Forum

The Dubai Financial Market index, the best performer among 90 benchmarks tracked globally, jumped 3.57 per cent, or 131.7 points.
January 24th, 2014 - 08:49 GMT

What crisis? Dubai markets at new hit five year high!

That growth would be driven by overseas demand — Toyota expects volume at home to slip 5 per cent this year as consumer demand takes a hit from an April sales tax hike.
January 24th, 2014 - 07:52 GMT

Safety recalls? Who cares! Toyota reigns as world's top vehicle seller

Lebanese authorities say that Syrian refugees have been a huge economic burden in their country (File Archive/AFP)
January 23rd, 2014 - 11:07 GMT

To relieve economic burden of refugee crisis, U.N. is buying Lebanese

The ambassador and the prince also discussed a number of topics related to economic bilateral ties between Saudi Arabia and Portugal.
January 23rd, 2014 - 03:55 GMT

Always outside the box: Al-Waleed bin Talal considers investing in Portugal

International business leaders gathered in Davos for the 44th World Economic Forum Annual Meeting urged governments on Wednesday to make policy changes needed to stimulate the job market and restore trust between businesses and civil society.
January 23rd, 2014 - 03:55 GMT

Business leaders in Davos' World Economic Forum think long-term

While not neglecting subsidizing other goods, the official said that prioritizing energy products over other goods is due to a new direction followed by the government.
January 22nd, 2014 - 10:04 GMT

Beblawi presents Egypt's economic woes to the world in Davos

Cheap energy in the region has also attracted energy-intensive industries such as aluminum smelters.
January 22nd, 2014 - 09:56 GMT

The UAE is consuming too much energy

Baghdad is seeking to dramatically ramp up exports to fund desperately needed reconstruction of Iraq’s conflict-battered infrastructure and economy.
January 22nd, 2014 - 09:42 GMT

Iraqi exports, revenues took a nosedive in 2013

The UAE’s largest builder surged 3.57 per cent and close the day at Dh3.48 after touching Dh3.49, the highest intraday level since October 2008
January 22nd, 2014 - 09:36 GMT

Arabtec to build entertainment megaproject in Jordan's Aqaba, and they're both winning big

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