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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 automotive sector in the Middle East remains upbeat despite turbulence in many countries in the region.
September 18th, 2013 - 07:39 GMT

Unlike rest of the world, Middle East car sales to grow in double digits

Despite knowing what they want to achieve, investors do not have a clear plan to meet their financial goals.
September 18th, 2013 - 07:25 GMT

UAE investors ready to take on more risks without much knowledge

Card holders can also enjoy exclusive offers on global hotel bookings, access to global airport lounges, complimentary multi-trip travel insurance and buy-one-get-one-free offers at cinemas across the UAE.
September 18th, 2013 - 06:14 GMT

Manchester City and First Gulf Bank hook up

Investment opportunities between Kuwait and India
September 17th, 2013 - 02:55 GMT

Kuwait eyes closer ties with India

The local domains also present a big opportunity for advertisers
September 17th, 2013 - 12:55 GMT

YouTube extends reach in the Arab world

Al Khonji fears that in the event of shortage of staff and inability to hire expensive Omani manpower, some of the smaller businesses will be left with no choice but to close down.
September 17th, 2013 - 12:16 GMT

No wives, no children for many: Oman tightens rules on expatriate workers

Uganda, South Sudan and Kenya "possibly" within this year will create a joint company to construct and maintain the oil pipeline
September 17th, 2013 - 11:10 GMT

Japanese firm to lay a 2,000 km pipeline to export South Sudan and Uganda's oil

Qatar shows a high degree of investor confidence
September 17th, 2013 - 10:28 GMT

Qatar's oil & gas sector buoys investor confidence

State debt is now around 140 percent of GDP, a figure which had fallen in the years of fast growth but which could increase again.
September 17th, 2013 - 08:18 GMT

Lebanon's central bank trying hard to pump growth

Yinchuan had the only certified centre for Halal food in China.
September 17th, 2013 - 08:08 GMT

China wooing Arab investors with Islamic products

However, expectations for the future are high in the region with almost half of the survey’s respondents expecting their personal financial situation to improve in six months (Pictured: an empty shopping scene in Beirut).
September 17th, 2013 - 06:09 GMT

The outlier in the bayt.com survey: 8 out of 10 Lebanese worse off financially

The IRISL, which carries an estimated one third of the country's dry bulk and container seaborne trade, faced European Union sanctions for its alleged role in smuggling banned weapons.
September 17th, 2013 - 04:55 GMT

EU court revokes sanctions against Iranian shipping line

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