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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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Data for the quarterly Bayt.com Consumer Confidence Index survey (September 2013) was collected online from July 28-August 15 2013.
September 16th, 2013 - 12:33 GMT

If only the poor can access bayt.com: according to the site, most Arabs are expecting improvements in finances

Nourah urged the Ministry of Labor and local chambers of commerce to facilitate procedures for Saudi women and help them to set up their own businesses.
September 16th, 2013 - 11:23 GMT

When all else fails: Saudi woman finds catering business lucrative

The arbitration proceeding has been commenced in the International Court of Arbitration of the International Chamber of Commerce, Paris, said a statement from Depa.
September 16th, 2013 - 10:40 GMT

Doha's new airport endless delays amounting to legal troubles with Lindner

The SAR353 million ($94 million) contract has been awarded to construct a 150 metre high, luxury serviced apartments tower in the strip on King Fahad road whose interiors will be designed by Italian fashion house Fendi.
September 16th, 2013 - 10:13 GMT

Fendi and the BinLadins come together: BinLadin group awarded $94 million luxury tower contract

Sunday’s surge came amid report that investment by Gulf states in the UAE stock market surged almost 40 per cent in 2012 to $2 billion in shares.
September 16th, 2013 - 09:07 GMT

GCC stocks rallying thanks to Syria deal!

Twitter has filed for an initial public offer of shares with U.S. regulators, the company said Thursday, taking a first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc.’s listing last year.
September 16th, 2013 - 08:24 GMT

Tweeting hard: Al-Waleed bin Talal holding on to shares despite upcoming IPO

“Despite ongoing economic and geopolitical uncertainties, the world’s ultra wealthy population reached an all-time high of 199,235 individuals with a combined fortune of nearly $28 trillion in 2013."
September 16th, 2013 - 07:51 GMT

Which Gulf country has the most billionaires? Take a wild guess

The development has been conceptualised to host 15,000 residential units including 2,500 townhouses and villas as per the current master plan.
September 16th, 2013 - 06:33 GMT

Changing the scene? Bloom to take on Baghdad's 'City of the Future'

Furthermore, the survey reveals employees are staying in their jobs for a longer period, resulting in a greater percent being eligible for higher EoSB payout.
September 16th, 2013 - 06:17 GMT

More employment, end of service pay on the way for Middle Eastern businesses

During his visit, the mayor said GAM will focus on activating tourism and commercial activity in downtown. Amman.
September 15th, 2013 - 01:35 GMT

Great expectations: Amman mayor promises 'qualitative changes' in 100 days

Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman in particular will have dense urban conglomerations, with 45.1 million people expected to reside in GCC cities by 2020 – 85 percent of the total estimated population.
September 15th, 2013 - 01:01 GMT

Talk about a boom: MENA cities to be occupied by 226 million in 2020

The mechanism to settle such disputes is to be made public after Eid Al-Adha holidays.
September 15th, 2013 - 12:19 GMT

Saudi Arabia announces new speedy mechanism to settle labor disputes

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