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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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Turkish consumers spend $25 billion on Islamic fashion items annually, followed by Iran ($21 billion), Indonesia ($17 billion), Egypt ($16 billion) and Saudi Arabia ($15 billion) (Shutterstock)
November 26th, 2013 - 08:02 GMT

The future of the Islamic fashion industry: sector projected to reach $322 billion by 2018

She reaffirmed Qatar’s pledge to support Arab expatriate scientists and to provide the necessary resources to reputable centres across the world so as to advance research expertise locally, regionally and internationally.
November 26th, 2013 - 03:55 GMT

Qatar Foundations develops new research priorities, strategy

The new Galaxy Note 10.1 (2014 edition) expands on the advanced productivity and creativity leadership delivered by the original Samsung Galaxy Note 10.1.
November 25th, 2013 - 07:59 GMT

Just in time for your new year's resolutions: Galaxy Note 10.1, 2014 edition unveiled

Crude futures in New York have slumped 12% since Iranian President Hassan Rohani took office August 1, pledging to end the sanctions crippling his country’s economy.
November 25th, 2013 - 04:38 GMT

Iran deal impact on oil prices "muted"

Gulf Navigation was the biggest loser, plunging 5.65 per cent to Dh0.334.
November 25th, 2013 - 04:24 GMT

Expo 2020 decision keeping everyone tense, including the stock market

Also as endorsed by the Cabinet, a one-year “free residence permit” will be granted to any investors who should deposit JD30,000 in the name of the interior minister.
November 25th, 2013 - 10:58 GMT

What does it take to get an investor's free residence permit in Jordan? Very little.

Dubai deserves to win the Expo 2020 as the business hub city of this region but if it does not get it we will all be a little richer for having tried.
November 25th, 2013 - 10:17 GMT

Hold your horses everyone: Dubai really has no clue on whether it won the Expo 2020 bid

Khalid Barashid, a property dealer, said the raids have pushed down land prices by 30 percent in suburban areas and wiped out illegal dealers.
November 25th, 2013 - 09:51 GMT

Emptied houses, offices bring Saudi Arabia's land prices down by 30%

Solidere, which was set up to rebuild the Beirut Central District, has been hurt by lower demand for real estate due to the spillover from the Syrian crisis, and its shares have lost almost 13 percent since the beginning of 2013.
November 25th, 2013 - 03:55 GMT

The only silver lining? Beirut blast unlikely to result in stock sell-off

Iran exported over 132,000 tons of gasoline, valued at $134 million, in the past Iranian calendar year.
November 24th, 2013 - 06:14 GMT

Iran to boost strategic fuel capacities to 12 billion litres

Gulf Air's profits in the third quarter were 24 percent better than its forecast (Courtesy of Khaleej Times)
November 24th, 2013 - 10:00 GMT

Gulf Air's restructuring soars to new heights, airline's profits surpass forecasted results

A scheduled Kuwait Airways flight landed in Iraq late on Wednesday for the first time since the 1990 Iraqi invasion, in the latest sign of improved ties between the neighbors.
November 24th, 2013 - 09:24 GMT

Talk about a flight delay: Kuwait airways flight lands in Iraq for first time since 1990

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