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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 banks informed PGGM that Israeli law forbade them from not providing services in the West Bank settlements.
January 9th, 2014 - 03:55 GMT

Dutch pension fund disinvests millions from Israeli banks, and for the right reasons

The Kingdom’s first high-speed passenger rail line was slated for completion by January 2014. But due it unavoidable circumstances the construction has been delayed.
January 9th, 2014 - 03:55 GMT

Blessed? Mecca-Medinah high-speed railway 'well on track" and ready for 2015 debut

Denny's will operate in nine countries in the Middle East. (Image credit: Wikipedia)
January 8th, 2014 - 02:33 GMT

Denny's, the world's largest family dining chain, is coming to the Middle East

Israel's Ministry of Energy, Jordan's Ministry of Energy and Noble Energy all declined to comment on the report.
January 8th, 2014 - 01:38 GMT

Passing gas: After historic $1.2 billion gas deal with Palestine, Israel to build pipeline to Jordan

Journalists began tweeting and posting video showing what happened. Bay was soon Twitter’s second highest trending topic.
January 8th, 2014 - 12:11 GMT

Samsung's debut of largest high-definition TV ever eclipsed by 'mishap'

Prince Alwaleed bin Talal was ranked number one in Arabian Business Magazine’s World’s 500 Most Influential Arab list of 2013 (File Archive)
January 8th, 2014 - 10:15 GMT

Why Prince Alwaleed bin Talal is still topping business charts as "Most Influential Arab" in 2013

A Syrian refugee in Jordan's Zaatari camp retrieves water. Jordan is one of the most water-scarce countries on earth (File Archive/AFP)
January 8th, 2014 - 09:42 GMT

Thirsty? This Kingdom needs $750 million to quench its water gap

Bahrain parliament voted to establish the private sector minimum wage Tuesday (Courtesy of Gulf News)
January 8th, 2014 - 09:18 GMT

Bahrain sets new minimum wage for private sector workers

The yellow metal is back in fashion among Emirati shoppers. (Image credit: Wikimedia)
January 8th, 2014 - 09:03 GMT

Gold rebounds in Dubai

The total sukuk issuances for 2013 were $120 billion. (Image credit: Shutterstock)
January 8th, 2014 - 07:21 GMT

Report: 2013 was a record year for Sukuk issuances

Saudi Arabia previously held a conference on healthcare solutions earlier this year (File Archive)
January 8th, 2014 - 06:51 GMT

More IT a day keeps the doctor away? KSA healthcare sector IT spending spikes

Turkey's central bank, statutorily independent, is trying to prop up the lira by selling dollars from its reserves.
January 7th, 2014 - 05:44 GMT

The corruption saga continues: Turkish lira hits record low

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