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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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Lebanon is still looking to sign some agreements with smartphone manufacturers that use 4G in an effort to grow the use of this new technology in the country (Shutterstock)
November 10th, 2013 - 08:38 GMT

Where are the 4G smartphone users in Lebanon?

Approximately 50,000 illegal workers are supposedly employed in Bahrain (Courtesy of Asia News International)
November 10th, 2013 - 08:18 GMT

Embassies supporting Bahrain on illegal worker crackdown

Abu Dhabi has hosted the ADIPEC conference in years past, with this year's expo expected to attract 50,000 energy professionals from over 80 countries (Courtesy of Arabian Oil & Gas)
November 10th, 2013 - 07:22 GMT

Largest gas and oil expo in the region opens its doors Sunday to 50,000

TAQA is the largest UAE investor in the Netherlands (Courtesy of UAE Interact)
November 10th, 2013 - 07:04 GMT

UAE's TAQA sells natural gas pipeline for $240 million to Danish pension fund

Qatar Holdings will join other companies in investing in Blackberry. (Image credit: Shutterstock)
November 10th, 2013 - 05:44 GMT

Qatar Holding to invest in troubled Blackberry

Power generation, distribution and transmission markets in MENA are expected to grow. (Image credit: Shutterstock)
November 10th, 2013 - 05:14 GMT

MENA power generation market to surge to $238 billion by 2018

The two-seater RV 12 is six metres long, has a top speed of 217kph and a range of 900km, meaning it could fly to Qatar capital Doha, Salalah in Oman or Riyadh in Saudi Arabia.
November 10th, 2013 - 04:55 GMT

Size doesn't matter? Emirates airline builds its own modest aircraft

  World Luxury Expo Doha, the fourth edition of the World Luxury Expo series, will be held at The St Regis Doha from November 14 to 16.
November 10th, 2013 - 04:55 GMT

Coming Soon: World Luxury Expo in Doha

KFC was the first US fast-food restaurant to set up shop in Syria in 2006, with Kuwaiti businessman Nasser Khurafi bringing the chain to the country.
November 7th, 2013 - 02:09 GMT

Not a 'first world problem': KFC, a victim of Syria's War

Drivers have told local media that they do not work for their original sponsors. They had tried to rectify their status during the amnesty period, but some were in dispute with their sponsors and could not get other sponsors to transfer their sponsorships.
November 7th, 2013 - 12:36 GMT

Paying the price already? Labor raids to leave Saudi Arabia thirsty

The political situation in Lebanon and the conflict in neighboring Syria is becoming increasingly detrimental to trading activity within Beirut's stock exchange (Courtesy of the Daily Star)
November 7th, 2013 - 09:11 GMT

'Lackluster' projections for Beirut Stock Exchange in 2014 as political deadlock persists

The Arab food gap is affecting most types of farm products, including cereals, what and rice (Courtesy of the Saudi Embassy)
November 7th, 2013 - 08:52 GMT

GCC food gap reaches $23 billion

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