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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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Aldar Properties holds assets amounting to $13 billion (Courtesy of Mubasher)
November 7th, 2013 - 08:18 GMT

Formula One rack track developer announces 98 percent profit increase in third quarter

Prince Alwaleed Bin Talal Alsaud is one of 64 billionaires from KSA (Courtesy of Forbes Magazine)
November 7th, 2013 - 07:10 GMT

And the Middle East country with the most billionaires is....

Real estate is one of the key sectors driving Dubai's growth. (Image credit: Shutterstock)
November 7th, 2013 - 05:48 GMT

Key sectors contribute to record UAE GDP growth

Maroc Telecom, in which Vivendi first bought a stake in 2001, offers fixed-line, mobile and internet services in the kingdom, and is also one of Africa’s main telecom operators.
November 7th, 2013 - 04:55 GMT

Etisalat takes over majority stake of Marc Telecom from French conglomerate

KPMG said its new team will be able to provide clients with world-class advice on some of the main issues facing banks in this industry.
November 7th, 2013 - 04:55 GMT

KPMG gets on the lucrative Islamic finance bandwagon

Carried out on a build-operate-transfer, the project entailed the construction of a 325-kilometre pipeline to convey water from the ancient Disi aquifer in southern Jordan to the capital.
November 6th, 2013 - 03:24 GMT

Mashallah! Jordan's Disi Pump at 90% capacity

Zain Bahrain began its $100 million network transformation project in April and is reportedly in the final stages of the upgrade (Courtesy of Arabian Business)
November 6th, 2013 - 09:35 GMT

Zain Bahrain in final stages of $100 million network transformation upgrade

UK Financial Secretary to the Treasury Sajid Javid told reporters at the World Islamic Economic Forum that GIFIG will include members from key Islamic finance centers, such as the central bank governors from Kuwait, Bahrain, Qatar, UAE, the UK and Malaysia (Courtesy of the Telegraph)
November 6th, 2013 - 09:16 GMT

Is the UK the next leader in Islamic finance? British treasury establishes Islamic finance monitoring group

Only first and business ticketed passengers can use Qatar Airways' premium lounge in Heathrow (Courtesy of Qatar Airways)
November 6th, 2013 - 08:46 GMT

First Gulf airline to join oneworld alliance accused of breaching policies

Dubai hosted the Global Entrepreneur Summit last December. Speakers and panels focused on women entrepreneurship in the region (Courtesy of Trade and Export Middle East)
November 6th, 2013 - 08:15 GMT

December exhibition in Dubai to focus on female entrepreneurship in the Middle East

Natural gas is estimated to account for almost a quarter of the world's energy demand by 2035 (Shutterstock)
November 6th, 2013 - 07:41 GMT

Middle East demand for natural gas projected to 'significantly' increase in upcoming years

For the first time since the civil war began, the Syrian Pound has made gains against the US Dollar. (Image credit: Shutterstock)
November 6th, 2013 - 05:57 GMT

Why the Syrian Pound surged against the US Dollar last week

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