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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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Nearly 15,000 illegal workers have been arrested in the Eastern Province after the raids.
January 12th, 2014 - 04:59 GMT

Saudi Arabia still going hard at labor market overhaul

Bahrain's theme park will cover an area of 93,618 sq meters and will include amusement rides and the country's first indoor ski slope and full-size ice arena (Shutterstock)
January 12th, 2014 - 11:23 GMT

And you thought Bahrain was tiny! $52.7 million Bahraini theme park to include weather and gravity defying gigs

The GCC is ahead of MENA in terms of competitiveness. (Image credit: Hotelier Middle East)
January 12th, 2014 - 10:32 GMT

Report: Why the GCC will continue to drive growth in MENA

Royal Jordanian was one of three Middle East airlines that was ranked in the top 10 safest airlines globally (Courtesy of Arabian Gazette)
January 12th, 2014 - 09:19 GMT

Three Middle East jets soar to top 10 safest airline rankings

Iran's President Hassan Rouhani plans to partake in the 44th annual meeting of the World Economic Forum (WEF) in the Swiss mountain resort of Davos on global financial crisis.
January 12th, 2014 - 03:55 GMT

Making a comeback: Iran to participate in World Economic Forum

Bahaa El Din said the government would hold a conference in March or April to discuss the financial needs of the country and to issue long-term infrastructure projects.
January 12th, 2014 - 03:55 GMT

Egypt to be stimulated by the UAE

Waldorf Astoria is opening up a new location in Palm Islands Jumeirah. (Image credit: Arhcitecture International program)
January 9th, 2014 - 12:45 GMT

Waldorf Astoria coming to Dubai Palm Jumeirah

Just Falafel plans to open 160 restaurants in North America over the next five years (Courtesy of CBS)
January 9th, 2014 - 11:03 GMT

Craving your Middle Eastern staple foods abroad? Popular UAE chain coming to US, Canada in 2014

Sharjah has received its first sovereign credit ratings. (Image credit: Ourallegiancetokhalifa.ae)
January 9th, 2014 - 10:20 GMT

Sharjah gets top ratings from both Moody’s and Standard & Poor’s

Many South Asian Muslims apply for visas to come to KSA for the Prophet's (pbuh) Birthday (File Archive)
January 9th, 2014 - 09:21 GMT

Profiting from the Prophet? Flights from India to Jeddah up 150% ahead of Birthday

The new regulations will go into effect this one. (Image credit: Shutterstock)
January 9th, 2014 - 07:26 GMT

Want to send money out of Egypt? Now you can!

The sultanate’s government recently released a 2014 budget with state planning to spend OMR13.5 billion, up five per cent from the original plan, which envisaged a 29 per cent hike from 2012 expenditure.
January 9th, 2014 - 03:55 GMT

The quiet overachiever: Oman's household income went up almost 85% in 10 years!

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