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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 sudden availability of Iranian oil is one of the many factors driving uncertainty in the oil market. (Image credit: Shutterstock)
January 14th, 2014 - 09:35 GMT

In an oil market driven by uncertainty, Oman's output declines

The regulations, which will be implemented from February 1, ban cafes from operating within 150 metres of residential areas, schools and mosques.
January 14th, 2014 - 03:55 GMT

Killing the Arab definition of 'fun' or making a healthy call? Abu Dhabi all ready for strict Shisha cafe rules

Online portals feel jobs in the construction and real estate market will trickle in after March-April, 2014.
January 13th, 2014 - 10:29 GMT

Patience is a virtue: hiring boom to reach the UAE in 2016

"While retail demand [in the other emirates] is growing amidst a rising population, changing consumer trends and high per capita income, demand is far more focused on meeting the immediate needs of the local community.”
January 13th, 2014 - 09:37 GMT

Sharjah's malls getting a makeover

On the other hand, real estate expert Marie bin Mubarak bin Mahfooz said real estate prices will spike this year because of the increasing demand on lands and properties.
January 13th, 2014 - 03:20 GMT

Blessed: Mecca's real estate sector defies expectations

UAE is set to become the world's leading consultancy hub in 2014 (Courtesy of UAE Interact)
January 13th, 2014 - 10:00 GMT

Seeking advice? Head to world's fastest growing consulting market: UAE

UAE ranks ninth in the world's top superyacht-building shipyards (File Archive)
January 13th, 2014 - 09:19 GMT

Smooth sailin' for this GCC economy that ranks in top 10 for superyacht construction

Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum has called for an end to sanctions on Iran in his interview with BBC (Courtesy of Arabian Business)
January 13th, 2014 - 07:58 GMT

Why Dubai is urging world to lift sanctions on Iran

The Passat was largely influential in Volkswagen Middle East recording its most successful ever month in July last year when sales rose 51 per cent on the same period in 2012
January 13th, 2014 - 03:55 GMT

Volkswagen sales in the Middle East booming

The Italian government has been leading the charge to reopen the Iranian marketplace in order to cash in on Tehran’s energy sector.
January 13th, 2014 - 03:55 GMT

Is Italy helping bring down the sanctions? Iran and Italy's economic ties raising the US' eyebrows

Qatar to help Iran to develop its share of the world’s biggest gas field so both countries can reap the maximum long-term rewards, sources at state-run Qatar Petroleum (QP) say.
January 12th, 2014 - 06:02 GMT

What will Qatar get out of an Iranian nuclear deal?

The Gulf Cooperation Council’s electricity and water undersecretaries, heads of specialised bodies and organisations will meet in Kuwait on Tuesday to discuss the water network project
January 12th, 2014 - 05:40 GMT

GCC countries to meet over common water network

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