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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 firms said they were told that Twitter wanted to avoid a pitfall of Facebook Inc.'s initial public offering last year by removing an overhang of Twitter shares.
October 31st, 2013 - 09:37 GMT

Retweet this: Twitter being sued for trickery

The world's largest social network said Wednesday that it earned $425 million, or 17 cents per share. That's up from a loss of $59 million, or 2 cents per share, in the same period a year ago.
October 31st, 2013 - 09:10 GMT

Worthy of a 'like': Facebook crushes Wall Street's expectations for second time in a row, with 60% revenue hike!

industrial cities in Bahrain have helped in attracting foreign investments and achieving concrete growth throughout the last five years (Courtesy of Arabian Business)
October 31st, 2013 - 07:20 GMT

FDI inflows in Bahrain reach $891 million

WIEF's decision to host the 10th round of the forum in Dubai is a positive sign that global markets look at UAE's biggest city as a hub for Islamic economy activities (Courtesy of WIEF)
October 31st, 2013 - 06:19 GMT

Dubai to host World Islamic Economic Forum 2014

Iran was one of the top five suppliers of crude oil to China this year and overall production increased, the Organization of Petroleum Exporting Countries said in its monthly market report.
October 30th, 2013 - 01:42 GMT

Too close for comfort? China indebted to Iran by $22billion

The last Public Transport Day saw a doubling of ridership to 12 per cent from six per cent the year before that.
October 30th, 2013 - 12:35 GMT

Ditch your car and take public transport for FREE in Dubai!

While Emirates acknowledges the incident, the airline is refuting reports that passengers were delayed for nearly five hours.
October 30th, 2013 - 11:36 GMT

Emirates flight makes emergency landing in Kuwait over engine shutdown

"This new system does not include any guidelines for banks to provide a pragmatic and practical non-resident mortgage, which we believe is required to attract a more international investor base,” said Ziad El Chaar, managing director, Damac Properties.
October 30th, 2013 - 10:05 GMT

UAE acts against bubble threat with new mortgage laws

Pictured: Marley and Lea Manga, aged 13 and 10, respectively. (Photo Credit: Gulf Business)
October 30th, 2013 - 09:41 GMT

Father of two tennis prodigies calling on Qatar to finance their talents

Having initial plans for two-hub operations in Kuwait and Dubai, Jazeera today has focused its operations mainly on its home base.
October 30th, 2013 - 09:23 GMT

Thought Al-Jazeera airways was one of those 'cheap' airlines? Well, think again, because it's building its own terminal

The loan guarantees were announced during US President Barack Obama’s visit to Jordan in March, when he also announced a $200 million in additional aid for 2013.
October 30th, 2013 - 08:29 GMT

Well, that worked well: US- guaranteed Jordanian bonds oversubscribed by 180%

The inauguration of the ambitious project that has cost an estimated three billion euros coincides with the 90th anniversary of the founding of modern Turkey.
October 30th, 2013 - 08:10 GMT

Tebrikler! Turkey realizes one-and-a-half century dream with inauguration of East-West railway tunnel

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