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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 International Monetary Fund urged Kuwait last month to contain public spending to avoid risks from a drop in the price of crude oil which accounts for 94 percent of state revenues.
November 11th, 2013 - 11:24 GMT

Bye bye nanny state, hello Egypt/Jordan style protests? Kuwait to possibly scratch $16 billion worth of subsidies

Prince Alwaleed Bin Talal and Kingdom Holding Company invested $300 million in Twitter in 2011 (Courtesy of the Guardian)
November 11th, 2013 - 09:10 GMT

Tweeting has never been better for Saudi Prince's Twitter investments

Abu Dhabi plans to expand its mall space to 798, 966 square meters within the next four years (Courtesy of UAE Style Magazine)
November 11th, 2013 - 08:54 GMT

Abu Dhabi reels in retail scene

Bahrain's labor fund Tamkeen offers training budget subsidies to employers to pay increase subsidies for employees who have participated in Tamkeen development trainings (Courtesy of Bahrain News Agency)
November 11th, 2013 - 08:36 GMT

Bahrain launches employee training program, and is picking up part of the tab too

Lufthansa will end all of its flights to Sudan by January 19, 2014 (Courtesy of the Telegraph)
November 11th, 2013 - 08:06 GMT

German airline to end all flights to Sudan in January

Regional ministers said that Gulf residents are 'taking advantage' of government energy subsidies and opting for vehicles that have big engines and are not fuel efficient (Courtesy of Boston University)
November 11th, 2013 - 07:20 GMT

Subsidies are the culprit for 'excessive' energy consumption in GCC, say ministers

Middle Eastern investors were one of the most active buyers of hotel real estate in 2012 (Shutterstock)
November 11th, 2013 - 06:56 GMT

Investing to accomodate: hotel purchases up 50%, Middle East considered 'most active buyers'

Lack of investing options are holding back the growth of Islamic pension funds. (Image credit: Shutterstock)
November 11th, 2013 - 06:04 GMT

The pent up $190 billion opportunity in Islamic retirement funds

The return of Iran to the international community would be beneficial for its neighbouring countries including the Gulf Arab states, a top international oil executive has said.
November 11th, 2013 - 04:55 GMT

GCC to get a 'kick' out of lifting sanctions on Iran

Earlier this year, KIA said that it has more than doubled its investments in the UK over the last 10 years.
November 11th, 2013 - 04:55 GMT

Anything for those Sovereign Wealth Funds: the UK's heavy flirting with Kuwait for investments

The United Arab Emirates has ranked eighth in the world in a survey of the most important global buyers of new build property.
November 11th, 2013 - 04:55 GMT

Sorry Dubai, UAE investors favour London, Paris, and New York for property purchases

At the start of November, the bank returned a $500m deposit to Qatar after Qatar refused to renew it upon its maturity, Reuters reported last Wednesday.
November 10th, 2013 - 08:44 GMT

Egypt's Foreign Reserves Drop and Qatar might have something to do with it

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