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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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Rocket Internet sees the app being connected to 60,000 to 70,000 cars in Saudi Arabia, and “tens of thousands” in the UAE.
October 24th, 2013 - 11:04 GMT

Taxi-ordering app raises largest investment in Middle East's mobile applications history

The cost of capital projects that need to be implemented to integrate Syrian refugees for a three- to five-year stay is estimated at around $870 million.
October 24th, 2013 - 09:34 GMT

Pricing humanitarianism: Syrian refugees scapegoated for Jordan's economic troubles

Would you consider Qatar a tourist destination?
October 24th, 2013 - 04:30 GMT

Qatar to reveal massive touristic plans before December

"There is a lot of potential for insurance firms to provide and strengthen the professional liability insurance products and to cater them to the needs and requirements of the different industries," said the report.
October 24th, 2013 - 04:30 GMT

Insurance industry invades Arab markets with $27 billion in premiums

Yahoo, which competes with Google and Facebook for internet users, said Cairo has been a “good home to Yahoo,” and vowed to treat Cairo employees with respect and fairness through this transition.
October 23rd, 2013 - 02:25 GMT

Breaking: Yahoo Egypt to close down

The mall includes mid to premium retail, dining and entertainment outlets and houses over 160 shops, 20 dining outlets, an eight-screen cinema and several external landscaped terraces.
October 23rd, 2013 - 12:45 GMT

A different kind of World Trade Center opens in Abu Dhabi

“The expatriate influx has also driven further demand for serviced apartments, where occupancy levels have increased from long-stay guests,” added Wolfe.
October 23rd, 2013 - 12:28 GMT

Here comes a trend? Residential rentals up 16% in Doha

Bahrain landline subscriptions, while in decline due to the younger generation's reliance on mobile technology, are also the cheapest in the region according to the report.
October 23rd, 2013 - 12:14 GMT

Bahrain's ironic telecommunications: cheap calling, expensive texting

President Hassan Rouhani inherited an economy in recession as international sanctions against the country weakened its currency and accelerated inflation to about 40 percent in September.
October 23rd, 2013 - 10:03 GMT

Rouhani not pleased with $72 billion debt burden left behind by former administration

While salary increases in the UAE are similar to other countries in the region, purchasing power has been rising more quickly due to more controlled inflation in the country relative to the rest of the GCC.
October 23rd, 2013 - 09:46 GMT

UAE employees: brace yourselves for higher wages

The iPad5 is speculated to have the high-definition Retina display while its smaller version iPad Mini 2 will be lighter.
October 22nd, 2013 - 02:33 GMT

Tomorrow will bring a lighter, thinner IPad5

Kerry thanked Qatar's ruler and people as well as the minister for their economic support of the Palestinians and said other Arab states are expected to follow their example.
October 22nd, 2013 - 02:09 GMT

Qatar being Qatar with $150 million bailout to Palestinian authority

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