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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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Turkey has an official 5% inflation target and a most recent central bank forecast of 6.8% for 2013.
January 5th, 2014 - 03:55 GMT

Blame the food: Turkey's inflation rate higher than expected

Travellers must complete their EVW online at least 48 hours before departure and present a printed copy on departure and again on arrival in the UK.
January 2nd, 2014 - 07:44 GMT

A piece of cake! Gulf nationals start making use of the UK's Electronic Visa Program

Jeddah expects at least one million people to attend the 30-day shopping festival (Courtesy of the Saudi Gazette)
January 2nd, 2014 - 12:19 GMT

Saudi shoppers, get ready to spend! Jeddah 30-day shopping festival to commence next week

Egypt, Jordan and Iraqi officials are discussing the construction of a tri-country railway network (File Archive/Shutterstock)
January 2nd, 2014 - 12:07 GMT

Plans discussed on constructing new tri-country railway in these Middle Eastern countries

Saudi Arabian Airlines will privatise four of its major sectors over the course of 2014 (File Archive)
January 2nd, 2014 - 11:56 GMT

Saudi Arabian Airlines set to privatize in 2014...at least partly

The Islamic finance industry growth will go double digit in 2014. (Image credit: Shutterstock)
January 2nd, 2014 - 07:50 GMT

Islamic finance industry to grow to $2 trillion

The online booking on the company’s website yields ‘no flights available’. (Image credit: Shutterstock)
January 2nd, 2014 - 07:19 GMT

Low cost Middle East airline shuts down leaving passengers stranded

 India and Saudi Arabia will soon finalize a Standard Employment Contract to ensure a smooth relationship between the employer and the employee, according to a senior Indian minister.
January 2nd, 2014 - 04:48 GMT

Paper work or paradigm shift? Saudi Arabia, India to sign labor cooperation agreement

Kuwait decided for the second year in a row to transfer 25 percent of revenues into the emirate’s sovereign wealth fund, the assets of which are currently estimated at over $400 billion.
January 2nd, 2014 - 03:55 GMT

The usual? Kuwait's budget surplus being eaten away by uncontrolled spending

Healthcare Minister Maha al-Rabat said that an emergency plan is being prepared to ensure that medical services are provided normally and not affected by the strike.
January 2nd, 2014 - 03:55 GMT

An unhealthy democracy? Egypt's doctors to go on strike to protest working conditions

The former head of defunct New York law firm Dewey & LeBoeuf has become the top legal adviser to the government of Ras al Khaimah, according to an internal government memo.
January 1st, 2014 - 05:12 GMT

Fresh with mismangement charges, ex-head of bankrupt US law firm becomes a UAE top legal advisor

In the latest instance of a Silicon Valley tech company being drawn into the shadowy activities of the National Security Agency, Apple (AAPL) on Tuesday denied any involvement in the spy agency's alleged efforts to hack into and monitor iPhones.
January 1st, 2014 - 03:37 GMT

Apple denies any cooperation with NSA in hacking people's iPhones

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